Are you struggling to get a credit card with rewards due to your less-than-stellar credit score? Don't worry! We've got you covered with our comprehensive guide on how to obtain credit cards with airline miles for bad credit. Get ready to explore how you can still enjoy the perks of collecting miles despite your financial history. Pack your bags and let's dive in!
Credit Cards With Airline Miles For Bad Credit Table of Contents
Why Your Credit Score Matters
Before we get to the solution, it's essential to understand why your credit score is critical. Credit card issuers use your credit score to gauge the risk of lending to you. A higher score means you are less likely to default on your payments, making you a more attractive candidate for lenders. Therefore, having a good credit score usually gives you access to better interest rates, higher credit limits, and attractive rewards such as airline miles.
Credit Cards Offering Airline Miles for Bad Credit
Although it may be challenging, it's not impossible to find a credit card that offers airline miles to individuals with bad credit. Here are some options to consider:
1. Secured Credit Cards
Secured credit cards are tailored for individuals with poor or limited credit history. These cards work by requiring you to provide a security deposit, which the lender holds as collateral. One major advantage of these cards is that they often report your payment history to credit bureaus, enabling you to improve your credit score over time. Some secured credit cards also offer airline miles rewards. Here are a couple of secured cards that provide such benefits:
- AeroMexico Visa Secured Card
- SKYPASS Visa Secured Card
2. Airline Co-Branded Credit Cards
Some airline co-branded credit cards tend to be more lenient with credit score requirements, especially if you are loyal to that particular airline. These cards help you accumulate miles from purchases and often come with additional travel benefits like free checked bags and priority boarding. However, keep in mind that these cards often have annual fees. Some of these cards include:
- Delta SkyMiles Blue American Express Card
- Southwest Rapid Rewards Plus Credit Card
3. Rewards Cards for Fair Credit
If your credit has improved from "bad" to "fair," you may qualify for some rewards credit cards targeting individuals in this credit range. These cards allow you to earn airline miles and other rewards despite not having excellent credit history. Examples include:
- Capital One QuicksilverOne Cash Rewards Credit Card
- Credit One Bank Platinum Rewards Visa
Credit Cards With Airline Miles For Bad Credit Example:
Let's assume you've had some credit troubles in the past, and your score now stands at 570. To rebuild your credit while also earning airline miles, you may want to apply for the AeroMexico Visa Secured Card. This card not only helps rebuild your credit but also allows you to earn double miles on gas and grocery purchases and one mile per $1 spent on all other purchases. You'll even earn a mileage bonus after your first purchase!
Now that you're armed with the knowledge of various credit card options that offer airline miles for individuals with bad credit, it's time to research, compare, and select the best option that suits your needs. Don't let your credit score hold you back from enjoying the benefits of travel rewards! Remember, as you improve your credit score over time, you'll unlock even more options for lucrative rewards. Be sure to share this article with your friends and family, and explore other guides on Flik Eco to help you maintain your financial journey on the right track.
