Best cards for bad credit

When no other bank wants you, these 9 credit card superheroes will help lift you -- and maybe even your credit score -- out of the dumps.

Capital One Secured MasterCard
Capital One Secured MasterCard
With a low annual fee of $29, Capital One's Secured MasterCard is a great way to get back on the road to good credit.

While most secured cards give you a spending limit equal to the amount you deposit, this card is essentially a hybrid between a secured card and a regular credit card, making it one of the best picks for a customer looking to get back into the traditional credit card world, said Ben Woolsey, director of marketing and research at CreditCards.com.

You can put in as little as $49 and still get a credit line of $200 with this card. If you deposit more money -- like $99 or $200 -- you can increase your credit line up to $3,000.

Another big perk, said Woolsey, is that once you have established a positive credit history and improved your credit score, you're able to qualify and apply for one of the issuer's many unsecured cards.

There is one drawback, however: The card comes with a 22.9% APR, which is high for a secured card.


By Blake Ellis @CNNMoney - Last updated April 30 2012: 12:32 PM ET
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Got bad credit? Banks want you again

Credit card issuers are starting to ramp up lending to consumers with less than perfect credit, but be careful not to jump on an offer too quickly.

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