Adverse credit or bad credit is caused by missed or late payments on credit agreements, including loan default. Those with bad credit, as well as the self-employed, are able to get traditional credit cards (subject to status) and pre-paid credit cards.

The Bad Credit Capital One Classic Visa Credit Card

The Capital One Visa credit card is suitable for students, the self-employed, people with a minimal credit history or those with bad credit. The maximum credit limit is currently £2,500. The Capital One card currently charges 34.9% APR, although this is the lowest of the main adverse credit card providers. If the credit card is managed prudently, the credit limit may be increased after just 4 months.

Aqua Visa Credit Card

The Aqua visa credit card has a credit limit of up to £2,200 for bad credit customers, but charges a high APR of 35.9% on any outstanding balance. The Aqua Visa credit card imposes no annual management fee. Those that pay off the balance in-full each month can benefit from up to 51 days interest-free credit.