1.Tesco Bank Foundation Clubcard Credit Card
Tesco Bank
- 1%Points earned for every £4 spent in Tesco
- 0.125%Points earned for every £8 spent outside of Tesco
The Tesco Bank Foundation Credit Card generally does not offer a specific, upfront welcome points bonus, focusing instead on helping users build credit.
1 point earned for every £4 spent in Tesco (including fuel, excluding Esso) and 1 point for every £8 spent outside of Tesco.
29.9% Variable APR
The Tesco Bank Foundation Clubcard Credit Card stands out as the top choice because it provides a straightforward way to build credit while earning points on everyday spending at Tesco. Its lack of an annual fee and focus on credit building makes it an excellent option for those new to credit.
Pros:
- No annual fee
- Helps build credit
Cons:
- Limited rewards outside Tesco
- No upfront welcome bonus
2.HSBC Classic Credit Card
HSBC
- No rewards breakdown available
The HSBC Classic Credit Card does not feature a traditional high-value, point-based welcome bonus.
Primarily provides access to special offers and discounts on shopping, dining, and travel.
29.9% Variable APR
What sets the HSBC Classic Credit Card apart is its focus on helping users build their credit rating while offering access to exclusive discounts and offers. This card is particularly beneficial for those looking to improve their credit score without incurring annual fees.
Pros:
- No annual fee
- Helps build credit
Cons:
- Limited rewards
- No welcome bonus
- No rewards breakdown available
The Virgin Money 12 Month Balance Transfer Credit Card primarily focuses on 0% interest on balance transfers and purchases for 12 months, rather than offering a specific cash or points-based welcome bonus.
Typically does not include rewards points or cashback.
29.9% Variable APR
This card shines for its 0% interest offer on balance transfers and purchases for 12 months, making it an ideal choice for those looking to manage existing debt without incurring interest. Its straightforward terms and lack of annual fees add to its appeal.
Pros:
- 0% interest on balance transfers for 12 months
- No annual fee
Cons:
- No rewards program
- Limited promotional period
4.Capital One Classic Credit Card
Capital One
- No rewards breakdown available
N/A
N/A
34.9%-37.9% Variable APR
The standout feature here is that the Capital One Classic Credit Card is specifically designed for individuals looking to build their credit history, offering manageable credit limits and potential increases, making it a reliable choice for credit building.
Pros:
- No annual fee
- Designed for credit building
Cons:
- Higher APR range
- Limited rewards
5.Post Office Credit Card
Post Office
- No rewards breakdown available
The Post Office credit card does not currently feature a cash-based or points-based welcome bonus.
Primarily focuses on 0% interest offers rather than traditional cashback or points-based rewards.
19.9%-34.9% Variable APR
This card is particularly suited for managing existing debt or spreading the cost of new purchases at 0% interest, making it a practical choice for those looking to avoid interest charges.
Pros:
- 0% interest on purchases for up to 12 months
- No annual fee
Cons:
- No rewards program
- Limited to debt management
6.Zable Credit Card
Zable
- No rewards breakdown available
Zable Credit Cards generally focus on credit building with limits up to £2,000, and standard, public-facing, point-based, or cashback welcome bonuses are not currently featured.
Does not feature a standard cashback or rewards program.
29.9% Variable APR
The Zable credit card is best suited for individuals looking to build their credit, rather than those seeking a high-rewards, traditional cashback card. Its focus on credit improvement makes it a unique option in the market.
Pros:
- No annual fees
- Designed for credit building
Cons:
- No traditional rewards
- Limited to credit building
Final Words
As you consider your options for the best credit cards for bad credit this February, remember that the right choice can help you rebuild your score while providing valuable rewards. Take time to compare features, fees, and benefits to make informed decisions that suit your financial needs.
Frequently Asked Questions
The Tesco Bank Foundation Credit Card generally does not offer a specific, upfront welcome points bonus, focusing instead on helping users build credit. You can earn 1 point for every £4 spent in Tesco (including fuel, excluding Esso) and 1 point for every £8 spent outside of Tesco.
The HSBC Classic Credit Card does not feature a traditional high-value, point-based welcome bonus. Instead, it primarily provides access to special offers and discounts on shopping, dining, and travel.
The Virgin Money 12 Month Balance Transfer Credit Card primarily focuses on 0% interest on balance transfers and purchases for 12 months, rather than offering a specific cash or points-based welcome bonus. It typically does not include rewards points or cashback.
To improve your chances of approval for a credit card with bad credit, consider applying for cards specifically designed for individuals with lower credit scores, like those offered by Tesco Bank or HSBC. Additionally, ensure your credit report is accurate and reduce your debt-to-income ratio.
When applying for credit cards for bad credit, pay attention to annual fees, late payment fees, and foreign transaction fees. Many cards may have no annual fee, which can be beneficial for those looking to rebuild their credit without incurring extra costs.
When choosing a credit card for bad credit, consider the annual fee, interest rates, and any rewards or benefits offered. It's also important to review the card's terms regarding late payments and credit limit increases as you build your credit.
Applying for a credit card online usually takes about 10 to 15 minutes. You'll need to provide personal information, such as your income and employment details, and receive a decision almost immediately or within a few days.
