Credit Cards for Limited Credit

Having limited credit can sometimes be a challenge. How are you expected to build your credit when no lenders are willing to give you a chance? This question is something that we will all encounter, and fortunately, there is a simple answer. There are credit cards available for limited credit cards. In fact, many credit cards are intended for people with limited credit, such as recent college graduates. The best part about applying for a limited credit card is that you will be one step closer to building your all-important credit rating, and boosting that score! It will not be long before you can look at better options suited to your financial requirements. below you will find an extensive list of some of the best credit cards for those with limited credit. Start your search now!

  • St.George Vertigo Classic

    • No balance transfer fee applies for balance transfers requested at new card application#
    • $55 annual card fee
    • 13.74% p.a. low variable interest rate on purchases
    • 19.49% p.a. variable cash advance rate
    • Balance transfer from up to 3 cards issued by banks other than Bank of Melbourne, St.George and BankSA.
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  • Latitude Low Rate Mastercard

    • Purchase interest rate. This card has a competitive 11.99% p.a. standard purchase interest rate.
    • Price protection. When you use your card to make an eligible purchase and the price drops within 30 days, Latitude will refund the difference.
    • Purchase protection. You can shop with peace of mind thanks to purchase protection. If an eligible purchase is accidentally damaged or stolen within 90 days, Latitude will help repair or replace it.
    • Extended warranty. You'll receive an additional one-year warranty on eligible purchases that have an existing one- to two-year manufacturer's warranty.
    • Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases.
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  • ANZ First Student Card

    • No annual fee for the first year. If you are a full-time tertiary student, the annual fee is waived for the first year, saving you $30. You must be attending an eligible Australian educational institution full-time. After the first year, an annual fee of $30 applies.
    • Interest-free days. If you pay off your card in full by the due date on your statement, you can receive up to 44 days interest-free on purchases. Learn more about how you can benefit from this feature in our guide to interest-free days.
    • Manageable credit limits. This ANZ student credit card offers credit limits starting from $500, which could help you manage repayments and avoid ongoing credit card debt. Check out our 、guide on credit card limits to learn more about them and how you can calculate the amount of credit you'll need.
    • Extended warranty insurance. If you use the ANZ First Student credit card to buy new items that come with a manufacturer's warranty (such as a laptop or tablet), this complimentary insurance can extend the manufacturer's warranty for up to 12 months. Terms and conditions apply, so make sure you read the ANZ credit cards insurance booklet available on the ANZ website for full details.
    • Purchase security cover. This complimentary extra gives you 90-day purchase security insurance against loss, theft or breakage for any eligible items you buy with your ANZ First Student credit card.
    • Mobile payment technology. This ANZ student credit card is compatible with Apple Pay, Google Pay, and Samsung Pay, which means you can use your Apple, Android or Samsung device to tap and pay for purchases. You also have the benefit of on-the-go account management through the ANZ App.
    • Visa benefits. As a Visa credit card, you can use the ANZ First Student all around the world when you pay at the checkout, online or over the phone. You can also make contactless card payments via Visa payWave and access exclusive ticket and lifestyle offersthrough Visa Entertainment.
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Transaction Fees

Annual Fee: You may find some credit card options which charge yearly fees, but not all of them do. The types of credit cards which typically have yearly fees include premium credit cards, subprime credit cards, and secured credit cards. The fee amount charged per year will vary. Some fees start at $0 and go up to $500. It all depends on which type of credit card you apply for.

Regular Purchase APR: When you make a standard purchase with your credit card, the amount charged gets added to your revolving debt balance. On top of that, there is a certain amount of interest which gets added to this balance too. This interest is called the annual percentage rate, or APR. Your credit rating greatly influences your APR, which is why the percentage fluctuates regularly. People with perfect credit may only have to pay 10% APR while people with terrible credit pay up to 35% APR. For this reason, it is important to review all the terms and conditions on your credit card application prior to signing it. Make sure you know the true APR after the initial trial period expires. Sometimes these credit card companies will try to lure you in with 0% APR for 12 months, but they won’t tell you what the APR is after those 12 months. You must look for it in the fine print.

Intro Purchase APR: When you see a credit card plan which offers an introductory purchase APR of 0%, this doesn’t necessarily mean it’s a trick. Sometimes you’ll find some good low-interest credit card plans which charge 0% APR for the first 6 months, 12 months, or sometimes even longer. This means that all your credit card purchases within this time period won’t have interest charges added onto the debt balance. However, once the introductory period expires, the standard purchase APR will then apply. Again, check the terms and conditions to see what this APR is.

Balance Transfer Fee: If you owe money on multiple loans or credit cards, you can clear this debt by moving it to another credit card which has more available credit. This is basically a way to consolidate your debt so that you only owe money on one account instead of several accounts. However, whenever you transfer your debt balances to another account, you must pay a balance transfer fee of anywhere between 3% and 5% of the total transferred debt amount. For instance, if you owe a total of $10,000 on all your loan and credit card accounts, a 5% balance transfer fee on this amount would cost you $500.

Regular Balance Transfer APR: Sometimes a credit card company will offer a regular balance transfer APR to new credit card account holders instead of a balance transfer fee. This balance transfer APR is usually a generous deal which ranges from 0% to a very low APR. However, this low balance transfer APR is only available for a limited introductory time period. This could last for 6 months, 12 months, or longer. Once the introductory period is over, the normal rates apply.

Cash Advance Fee: If you want to take out a cash advance on your credit card, you will either be charged 3% to 5% on the transaction amount or a fixed fee of between $5 and $15 per transaction. The greater amount of the two is the one you will pay. For instance, if you take a $200 cash advance on a credit card which charges a cash advance fee of 10% or $5, you will end up paying 10% because that is the greater amount. In this case, the cash advance fee is $40.

Credit Terms

TheCreditWiki, can make searching for the best card far easier, especially when you need to consider several factors. You may not be aware, but there are a few cards that have APR rates that you will need to review before signing the contract with the bank or lender. You will also need to consider financing costs, and anticipate what you are going to need the card for, is it going to be a single one-off purchase, or do you want to carry a monthly balance? Understanding the potential financial implications is crucial, for example, if you don't make your required monthly or bulk payment by the agreed date, then your financing costs will increase. If this happens, you will incur several costs – such as paying the full current balance, and fees to the credit card issuer/bank. Another important factor is interest fees. Please be aware that they can fluctuate; they can shift from as low as 0% to as high as 35%. So, before signing the contract, review the credit card applications for any specifics regarding the interest rates, as they will be stated in the terms and conditions. TheCreditWiki strive to provide our customers with the most current, and up-to-date information, regarding rates, benefits and many more. Please do remember that the credit card offers that we have listed, are displayed without guarantee. If you want to affirm the terms and conditions, click on "Apply Now." You will be able to learn more about the full credit card offer, on a secured page that will be supplied by the card issuer(s). You will see the list of the best credit cards options currently available on the market listed below. We have provided you with all the relevant information about each provider to ensure that you will make an informed and confident decision.

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When searching for the best credit card TheCreditWiki can help you to make the best decision based on your lifestyle and financial history. TheCreditWiki is a free service and promotes bolstered credit examination, through a comparison entity. The offers that you will see on thecreditwiki.com are from organizations, which thecreditwiki.com will receive remuneration.

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Our reimbursement sometimes impacts the surveys, but it is only the order that the classifications appear in, and nothing else. They will appear on our featured pages, but you can still opt to use the best option for you, and we strive to provide this regardless of the compensation that we may receive.
Please be aware, that this may affect the order in which these credit offers appear. Also, thecreditwiki.com does consider the restrictive guidelines of each lender, and the probability of the consumers' credit history. They will take this information into account, and will decide how, and when the credit cards offer will appear on the site.

General Disclaimer

We advise you to review your credit card application for specific references of the terms and conditions. We will always endeavor to provide the most relevant and up-to-date information. However, please be aware that all credit card offered displayed are not guaranteed. If you wish to confirm the full terms & conditions, please click on the "Apply Now" link. If you select the link, it will open a secure page provided by the card issuer(s) which will explain your credit card offer in more detail.

Our Editors

Here at TheCreditWiki, we have a team of editors who supply unbiased ratings of various credit card offers. The components used to rate the offers accordingly are; offer purchasers, expenses, financing costs & which credit card the application is related too. Please be aware that all of the evaluations are completed using a master supposition from our editors. Our editors are not affected by any compensation that our receives from the credit card issuer.