Several factors can influence your credit scores, such as financial problems. Having a bad credit ruins the chances of getting a car loan, mortgage, or even a lease to an apartment. It is, therefore, important to do everything possible to improve your credit. The first step to take to improve your credit score is to get a new credit card.

Building your credit

Getting a balance transfer credit card will help you repay or reduce your debt faster. The balance transfer credit cards offer 0% APR that you can take advantage of and transfer your balance to the new card.

To improve your credit score, if you have a bad or low credit score, you can as well get a secured or guaranteed card. Anyone can receive approval for a guaranteed credit card. Some companies will give you a pre-qualification feedback form to ascertain whether they can approve you with checking on your credit history.

Secure credit cards usually require a security deposit, which is equal to the credit limit. Deposits cans start from $200 up to $1,000. Because there is a security deposit, you can get the credit card even if you have a bad history. Some of the best credit cards include

Capital One Guaranteed credit card

This is one of the best cards that can help you rebuild your credit. You have a guarantee that you will get approval for a Capital One card. You will qualify for unsecured or secured cards. The credit limit is from $300 to as high as $7,000.

Refresh Financial Guaranteed Credit Card

Refresh Financial gives a credit card to individuals having a bank and a minimum income per month. You have to have a Canadian ID, and they don’t have to conduct a background check ion credit history. It is ideal for people with a limited credit history or bad credit.

BMO Secured Credit Card

BMO card requires a security deposit ranging from $100 to $10,000. The deposit is equivalent to one’s credit line, and the card can be used in several locations. There are no interest rates on purchases, and the annual fee is $6.95.