Are you struggling with bad credit but still want to take advantage of a flight credit card? You're not alone! Many people face this challenge, especially in today's world where credit scores have become so crucial. The good news is that even with a less-than-perfect credit score, you can still find a flight credit card that works for you. In this article, we'll explore various flight credit cards available for individuals with bad credit and show you how to navigate the selection process with ease.
Flight Credit Cards For Bad Credit Table of Contents
The Challenges of Finding a Flight Credit Card for Bad Credit
The Challenges of Finding a Flight Credit Card for Bad Credit
When you have bad credit, it can be difficult to find a flight credit card that suits your needs. This is because most credit card issuers see you as a higher risk borrower and may be hesitant to approve you for their rewards programs. However, don't let that discourage you! There are still options out there for people with bad credit.
Secured vs. Unsecured Flight Credit Cards
When searching for a flight credit card for bad credit, it's essential to understand the difference between secured and unsecured credit cards:
- Secured Flight Credit Card: This type of card requires you to make a cash deposit as collateral, which often serves as your credit limit. If you fail to make payments, the issuer can take the deposit to cover the outstanding debt. Secured cards are more accessible to those with bad credit, but they don't offer as many rewards or perks.
- Unsecured Flight Credit Card: This type of card doesn't require a deposit, making them more desirable. However, these cards are harder to obtain for those with bad credit and may come with higher interest rates and fees. Additionally, there may not be many unsecured flight credit cards targeting individuals with poor credit scores.
Flight Credit Card Options for Bad Credit
Below are some flight credit cards that may be suitable for people with bad credit:
- Capital One Secured Mastercard: This secured card has no annual fee and allows you to choose your own monthly payment. Though it doesn't directly offer flight rewards, you can still use this card to improve your credit score and later apply for a rewards-based flight credit card.
- AeroMexico Visa Secured Card: This card offers rewards specific to AeroMexico flights, including 2x miles per dollar spent on gas and groceries and 1x miles on all other purchases. It does require a minimum deposit of $300, but you'll earn valuable flight rewards while rebuilding your credit.
- SKYPASS Visa Secured Card: Similar to the AeroMexico card, this card is tied to Korean Air and requires a minimum deposit of $300. You'll earn 1x mile per dollar spent and a 5,000-mile bonus upon making your first purchase.
Flight Credit Cards For Bad Credit Example:
Let's say John has a bad credit score but wants to earn flight rewards for his frequent travels. John decides to apply for the AeroMexico Visa Secured Card. He submits the required deposit of $300, which then becomes his credit limit. John uses this card responsibly by paying off his balance in full each month, subsequently improving his credit score. Additionally, he earns 2x miles per dollar spent on gas and groceries, and 1x miles for other purchases. After a year of responsible usage, John's credit score has improved, and he can consider applying for an unsecured flight credit card with more rewards and perks.
In conclusion, finding a flight credit card when you have bad credit can be challenging, but it's not impossible. Weigh your options between secured and unsecured cards, and remember that your primary goal should be to improve your credit score. By using the card responsibly and paying your balance on time, you'll soon be on your way to qualifying for better flight credit cards with more attractive rewards and perks. Don't forget to share this helpful guide with others who may be in the same boat, and explore other articles on Flik Eco for more personal finance and investing tips.
