Anyone who thinks there aren't good credit card options for those with bad credit is mistaken. Quite the contrary, it's possible to find even credit cards with a credit limit . Thinking about starting the year off right? Check out the 3 best credit cards for those with bad credit in 2022.
Credit cards for people with bad credit
Having a negative credit score is excellent news for any consumer, who can't make a simple purchase on credit, whether through installment plans or even a credit limit. However, contrary to what many people think, it is possible to get a credit card with a negative credit score.
Some financial institutions have decided to offer their remaining customers the opportunity to return to the credit market, and as a result, numerous good credit card options for those with bad credit have emerged.
This is an excellent start to gradually returning to your credit balance and regaining the trust of institutions. So, check out the best credit card options for those with bad credit in 2022.
Nubank
Nubank has been trending in the market for some time, thanks to its excellent credit limits, even for those with bad credit. The bank has excellent logistics management 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 are often able to obtain credit cards for those with bad credit with a good initial limit.
The Nubank credit card for those with bad credit has no annual fee and is branded as a MasterCard. No minimum income is required to enjoy benefits and products, and anyone can apply.
Although many complain about Nubank's limit, according to management, the greater the customer's loyalty to their bills, the greater the chances of a 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 requires a review, approval rates are excellent. The annual fee is free, and the bank carries a MasterCard brand, meaning all the benefits of the brand are included.
Furthermore, the only negative point concerns the banking method; while Nubank doesn't require customers to have a checking account, Next only offers credit cards to bank customers; in other words, be prepared for a new checking account.
Santander SX
Santander SX is a leader in credit approval. With a limit of up to R$10,000–15,000, you need a minimum income of one minimum wage or R$1,100 to get an SX credit card for those with bad credit.
It's an international credit card, and due to its numerous benefits, it charges an annual fee. It's R$33.25/month, with the option to waive it according to the bank's policy.
You can apply for a credit card through the bank's official website, and it's on the list of instantly approved online credit cards. It's definitely worth checking out!
What is the best credit card for those with bad credit?
Choosing the best among the three giants above is a daunting task. However, when it comes to approval, Nubank beats all other banks. This is due to its ease of credit acceptance and the lack of a checking account requirement.
Therefore, Nubank continues to be one of the best credit limit options for those with bad credit in 2022. Furthermore, it is crucial that customers correct their score as quickly as possible and return to the financial market as quickly as possible.
