Even if you have bad credit, there are still agencies that will issue you a card. These companies have significantly lower expectations on your credit history, and also report to credit agencies like Experian and Transunion on a monthly basis which can help you rebuild a positive credit rating.

Not sure whether you have bad credit?

Click here to get a free credit report and FICO score from GoFreeCredit.

The following are the top 3 cards for bad credit.

Continental Finance Gold MasterCard

Get a second chance with rates as low as 9.75% APR*! If you have been turned down recently because of your credit score, Continental Finance Gold is here to help you with the second chance you’ve been waiting for. Apply today!

Continental Finance MasterCard

Get a second chance if you have less than perfect credit. If you have been turned down for credit recently because of your credit score, Continental Finance is here to help you with the second chance you’ve been waiting for. Apply today!

Orchard Bank Platinum MasterCard

The Orchard Bank Platinum MasterCard is a great platinum card. There are periodic credit line increases if you pay off your balance in full every month. In addition, this card reports to the top 3 credit bureaus monthly to help you boost your credit score.

I cringe every time I see someone at the grocery store paying with their ATM check card rather than a cash back credit card.

These days, there really isn’t a reason not to pay for your everyday purchases with a credit card. Card issuers frequently have cards that pay 3-5% cash-back at grocery stores, drug stores, restaurants, and gas stations.

Bankaholic has surveyed all rewards credit cards to find the top 3 cash-back cards available.

SimplyCash® Business Card from American Express
The AmEx SimplyCash Credit Card pays 5% back on all purchases at the pump. Here in Southern California, there is no problem finding large gas stations that accept American Express, like Chevron, Texaco, Shell Gas, and Mobil-Exxon. Earn 5% cash back on gas, office supplies, and wireless services, and 1% cash back on virtually all other purchases

Citi Professional Card with ThankYou Network
The Citi Professional Card will award you 3% cash back in the form of ThankYou points for every $1 spent at restaurants, gas, car rentals, and office supplies. ThankYou points can be redeemed for gift cards. There are no fees on this card. In addition, since this card is geared toward young professionals, Citi will mail you an itemized spending report every quarter, informing you of what kinds of purchases you made. This feature is great for taxes.

Spending money with airline credit cards is a great way of racking up frequent flyer miles. For seasoned travelers, having one of these cards is a must!
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An App-o-Ramma (Apporama) is when you apply for a ton of credit-cards, leveraging your new credit-line for the following benefits:

• make money on the credit card bonus offer (cashback, gift certificates, free plane tickets, etc.)
• leverage your new credit line into a high interest savings account of CD (certificate of deposit) and earn 5%+ interest on the money borrowed at 0% APR introductory rates (credit arbitrage).
• leverage your new credit into paying off interest-bearing loans, mortgages, and automobile payments, while paying 0% APR introductory rates on the money borrowed (debt transfer).

The disadvantage of doing Apporamas frequently is that it can hurt your credit score. Many people report credit dips of 80-100 points. Nevertheless, if your credit is good and you don’t plan on applying for a loan anytime soon, an apporama is a great way to rack up free money from credit card offers and high interest savings accounts.

When you apply for an instant approval credit card, the issuer will tell you immediately whether you are rejected or approved. For instance, American Express boasts that their “Express Approval” system can give you a decision in under 60 seconds! You don’t have to wait for weeks for a decision to come in the mail.