The Best Second Chance Credit Card For You

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Second chance credit cards are for people looking for just that, a second chance to improve their credit score, even if they have made some mistakes in the past. It is kind of counterintuitive, but one of the fastest ways to improve your credit score is by using a credit card correctly and responsibly. But if you have bad credit, then it can be hard to even get approved for a credit card to utilize it in improving your credit score. On the bright side it is possible to get approved for a second chance credit card. Now some second chance credit cards will be secured credit cards, which require you to put down a deposit up front. Others may be unsecured which require no deposit. Here is our “best of” selections for second chance credit cards.



The Opensky® Secured Visa® Credit Card is one of the best option for people looking to improve their credit score. One of the main factors that make this card so good is because of the associated costs that come with it are low compared to other options in the second chance credit cards category. It has a relatively low annual fee and a low variable interest rate as well (here at Casavvy we always recommend paying your balance in full every month to avoid paying interest.) Also, because this is a secured credit card, there is no credit check. All you have to is put down your initial deposit and that will act as your credit limit. Opensky also has a very fast application process, which in most cases will take under 5 minutes.

Some things that are downsides to the Opensky secured credit card is there is no path to graduate to an unsecured card under the same umbrella. While this shouldn’t bother too many people there are some that would want to go with another card that allows them to upgrade to an unsecured card right when their credit becomes high enough to qualify for one. There is no rewards program with this card, although it might be better to focus on improving your credit score first so that you can qualify for a much more rewarding credit card in the future.

second chance credit cards

Second Chance Credit Cards Tips

When utilizing second chance credit cards you want to always remember that your main objective should be to improve your credit score.  There are some things to remember that will give you the best chance of seeing your credit score increase.

  • Make your payments on time and in full, if possible, to avoid any interest charges
  • Stay under 30% of your available credit limit to keep your credit utilization ratio low
  • Limit your requests for new credit/hard credit checks
  • Monitor your credit score regularly to check for changes

Other Second Chance Credit Card Options

There are plenty of other options when it comes to second chance credit cards. Remember when looking for cards in this category there will be secured and unsecured options. Just because a second chance credit card is unsecured does not necessarily mean that it is better. You want to research things such as the fees that it comes with and the tools and monitoring it provides to help you improve your credit score. Just because you have to put down a deposit for a secured credit card is not a bad thing. As long as you pay off your balance each month then when you are ready to graduate to another credit card, you will get your deposit back.

Another option to consider is the CardMatch Tool. It provides you with credit cards that are targeted towards you and your credit profile. It can give you a better idea of which cards you have a better chance of qualifying for.