The Best Credit Cards for Bad Credit of 2013, According to MyRatePlan.com

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Credit card industry experts from MyRatePlan (http://www.myrateplan.com/CreditCards) have analyzed hundreds of credit cards for people with bad credit in order to pick the best cards available.

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Fortunately, there are credit cards for bad credit offered by many credit card companies that are geared towards people with bad credit scores, which allow them to build their credit back up to healthy levels.

Today, credit card reviewers from MyRatePlan.com, the premier credit card comparison site on the web, announced their choices for the best credit cards for bad credit of the year. The global great recession of the last couple of years has seen many people across the nation finding themselves with bad credit scores. Bad credit can lead to difficulties when trying to apply for credit cards, mortgages, auto financing, cell phone service, and more. Fortunately, there are credit cards for bad credit offered by many credit card companies that are geared towards people with bad credit scores, which allow them to build their credit back up to healthy levels. Most bad credit cards offer instant approval, and report to the three major credit bureaus so that people who use the cards responsibly can effectively increase their credit scores.

It’s not always easy to decipher credit card offers, so credit card industry analysts from MyRatePlan.com have reviewed hundreds of instant approval credit cards for bad credit in order to rank the top three.

Here are the top three best credit cards for bad credit of the second half of 2013:

1) First Progress Platinum Elite MasterCard Secured Credit Card – The First Progress Platinum Elite MasterCard Secured card is this year’s choice for the best credit card for bad credit. With the First Progress Platinum Elite MasterCard Secured card, cardholders can take advantage of instant approval without needing a credit history, credit check, or minimum credit score. This card can be used for anything that a regular credit card can be used for, and it reports monthly to the three major credit bureaus so that cardholders can build their credit scores by using the card responsibly and paying on time. The card also offers 24/7 online account access. This card is not yet available in New York, Iowa, Arkansas, or Wisconsin.

2) Capital One Secured MasterCard – The Capital One Secured MasterCard is another great bad credit credit card for people looking to build their credit. With the Capital One Secured MasterCard, cardholders can monitor their credit with online access to their credit score, as well as online tools to help them build their credit scores most effectively. The Capital One Secured MasterCard also reports regularly to the three major credit bureaus, and cardholders can get a credit limit of up to $3,000. This card offers instant approval without any processing or application fees, and can be used anywhere MasterCard credit cards are accepted.

3) First Progress Platinum Select MasterCard Secured Credit Card – The First Progress Platinum Select MasterCard Secured card rounds out this year’s list of the best credit cards for bad credit of 2013. The card features instant approval with no credit checks, credit history, or minimum credit score, and reports to the three major credit bureaus. The card also offers 24/7 online account access and express processing so that you can receive the card as quickly as possible.

"Credit cards for people with bad credit are becoming more and more popular amongst those with poor credit scores because the cards can help them build their credit scores," says Logan Abbott, President of MyRatePlan.

People interested in rebuilding their credit score can compare credit cards for people with bad credit using MyRatePlan’s in-depth tool here: http://compare.myrateplan.com/credit-cards/compare/compare-credit-cards-bad-credit .

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Logan Abbott
Bizx LLC
858-454-5900 10804
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