Those who believe there aren't good credit card options for people with bad credit are mistaken; on the contrary, it's even possible to find credit cards with credit limits . Imagine starting the year off right? Check out the 3 best credit cards for people with bad credit in 2022.
Credit cards for people with bad credit
Having a negative credit history is excellent news for any consumer, preventing them from making even a simple purchase on credit, whether through payment plans or even a credit limit. However, contrary to what many believe, it is possible to get a credit card even with a negative credit history.
Some financial institutions have decided to give other customers the opportunity to return to the credit market, and as a result, numerous good credit card options have emerged for those with negative credit histories.
This is an excellent starting point for a gradual return to a positive credit balance, in order to regain the trust of financial institutions; therefore, check out the best credit card options for those with a negative credit history in 2022.
Nubank
Nubank has been a trend in the market for some time now, due to its excellent credit limits, even for people with negative credit histories. The bank has a significant logistical management system and facilitates access to credit through invitations from other affiliates.
Therefore, people who manage to establish a good relationship with the bank are able to refer other people, and these people, in most cases, are able to obtain credit cards for those with negative credit histories with a good initial credit limit.
The Nubank credit card for those with a negative credit history has no annual fee and is a MasterCard. It doesn't require a minimum income to enjoy its benefits and products, and anyone can apply.
Although many complain about Nubank's credit limit, according to management, the greater the customer's loyalty in terms of billing, the greater the chances of a credit limit increase, and this is proven.
Next Bank
Banco Next is a modern digital bank that brings with it the lightness of simplicity and fluidity of something new. With a minimum income of zero, anyone can apply for the bank's credit card.
Although it goes through an analysis, the approval rates are excellent. The bank's annual fee is free and the bank carries the MasterCard brand; therefore, all the benefits of the brand are included.
Furthermore, the only negative point concerns the banking method; while Nubank does not require customers to have a checking account, Next only issues credit cards to bank customers; in other words, be prepared for a new checking account.
Santander SX
The Santander SX card is a champion in credit approval. With a limit of up to R$10,000-R$15,000, a minimum income of one minimum wage or R$1,100 is required to obtain an SX credit card for those with a negative credit history.
It's an international credit card and, due to its numerous benefits, it charges an annual fee. The fee is R$33.25/month, with the possibility of being exempt depending on the bank's policy.
Since it's possible to apply for the credit card through the bank's official website, it's on the list of online credit cards approved instantly. It's definitely worth checking out!
What is the best credit card for people with a negative credit history?
Choosing the best among the three giants above is a difficult task. However, in terms of approval, Nubank beats all other banks. This is due to the ease of credit approval and the absence of the need to have a checking account.
Therefore, Nubank continues to be one of the best credit limit options for those with negative credit history in 2022. Furthermore, it is of utmost importance that the customer corrects their credit score as quickly as possible and returns to the financial market as soon as possible.