Did you know you could still get fantastic airline rewards despite having poor credit? Imagine earning miles and enjoying free flights even if your credit score isn't perfect. Worry not, because, in this article, we'll guide you through selecting the best airline credit cards for people with poor credit. So buckle up and let's take off to a world of fascinating airline rewards!
Airline Credit Cards For Poor Credit Table of Contents
What are Airline Credit Cards?
Airline credit cards offer rewards specifically designed for frequent flyers. These cards let you earn miles or points with airlines for every dollar spent, which can be redeemed for free flights, seat upgrades, lounge access, and more. Typically, airline credit cards are aimed at people with good to excellent credit. However, there are some options available for those with poor credit too.
Why is Poor Credit a Concern?
Having poor credit affects your chances of approval for credit cards and loans. Many credit cards, especially the ones with attractive rewards, require good to excellent credit for approval. But don't worry; even if your credit is less than stellar, there are still airline credit cards that cater specifically to people with poor credit.
Airline Credit Cards for Poor Credit:
Although the options are more limited, there are credit cards available for those with poor credit. Let's explore some options for airline credit cards designed for lower credit scores.
1. Discover it® Secured:
- Annual Fee: $0
- Security Deposit: $200 – $2,500
- Rewards: 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter, 1% cashback on all other purchases, and cashback match at the end of your first year.
Although this is a secured credit card requiring a security deposit, it offers impressive cash back rewards that can be redeemed for travel purchases, including flights.
2. Credit One Bank® Platinum Visa® for Rebuilding Credit:
- Annual Fee: $75 for the first year, $99 thereafter
- Rewards: 1% cash back on eligible purchases
This unsecured card targets people with poor credit and offers cash back rewards, which can be applied toward travel expenses like airline tickets.
3. Indigo® Platinum Mastercard®:
- Annual Fee: $0 – $99 (depending on credit history)
- Rewards: N/A
Although this card doesn't offer rewards, it reports to all three major credit bureaus, making it a good option for rebuilding your credit. Once you improve your credit score, you'll be eligible for better airline credit cards offering more rewards.
Tips for Responsible Credit Card Use with Poor Credit
- Pay your balances in full and on time each month.
- Keep your credit utilization low by not maxing out your credit limit.
- Monitor your credit report and dispute any inaccuracies.
- Consider adding a secured credit card with a deposit to help rebuild your credit.
Airline Credit Cards For Poor Credit Example:
Let's say you have a credit score of 580 and you're looking for a credit card to earn airline rewards. You apply for the Discover it® Secured card and are approved with a $500 credit limit. Throughout the year, you make purchases on this card and, by the end of the year, you've earned $300 in cashback rewards. You decide to apply these rewards toward a flight for a well-deserved vacation.
Now that you're aware of some airline credit card options for people with poor credit, it's time to make a decision and apply. Remember, responsible credit card use can help you improve your credit score over time, opening the door to even more rewarding airline credit cards in the future. Be sure to share this article with friends who struggle with poor credit and are searching for ways to earn airline rewards, and explore other guides on Flik Eco to continue mastering personal finance!
