New Credit Cards Available Even With 520 Score

Real-World Examples and Data

According to a recent report, the average interest rate for credit cards aimed at individuals with poor credit is around 25-30%¹. However, these cards can still offer value if used wisely. For example, a secured credit card from a major bank might have a $200 deposit requirement, but it can pave the way to an unsecured card within a year of responsible use².