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Best Credit Cards for People With Credit Scores Below 550

If you need to rebuild your credit score, the best way to do this is to apply for new credit. Following are the secured credit cards we recommend you applying for. When used responsibly, these credit cards will help improve your credit score.

Please consider four things before applying:

1. In our program, we recommend that you have three to five credit cards. If you are going to apply for more than one credit card to reach this goal, apply for them all at once. Part of your credit score is based on the age of your accounts. If you open one now, and then wait six months to open another, you will lower the average age of your accounts.

2. If you are married, do not apply for credit jointly with your spouse. You and your spouse should each apply for three cards.

3. If you have more than five cards, do not close them. This will hurt your score, and it will never help your score.

4. Don’t put this off! The longer you wait to start building your credit score, the longer your credit score will suffer.