A credit card for bad credit, sometimes called a credit builder card, is designed to help people who’ve had credit hiccups or who haven’t built up much of a history yet. They can be easier to get approved for than standard cards, so can be a good option if you’ve struggled with borrowing in the past or are just getting started.
These cards usually come with lower credit limits and higher interest rates, so they’re not meant for big spending. But use them for small purchases and clear your balance every month, and that will show lenders you’re managing your money well – which could boost your credit score over time.
Used the right way, these cards are less about spending and more about rebuilding your financial reputation. But remember that they aren’t an instant fix for poor credit: it can take months or years to rebuild your credit score.
