Even if your credit is good enough to qualify for an unsecured credit card, the quality of that card can vary a lot with your credit scores. The better your credit is, the more unsecured credit you’ll be offered — i.e., the higher the credit limits you’ll receive — and the lower your interest rates on that credit will be. Unsecured cards typically have lower fees and higher credit limits, along with rewards and perks that are not available with secured cards. The large variety of unsecured cards means that you are more likely to find one that meets your needs. Unsecured credit cards for people with bad credit charge more than twice as much interest as the average credit card, according to WalletHub’s latest Credit Card Landscape Report. So the sooner you pay, the less you’ll have to spend. For unsecured cards, which don’t require a deposit and therefore pose more risk to the issuer, credit-card companies typically require at least average credit, and good or excellent credit for the best ones. If you have bad credit, it can be difficult to qualify for most good deals. This guide helps you understand your best options for unsecured credit cards. In fact, the annual percentage rates on these unsecured credit cards are generally on the high side, because bad credit signals you’re a risk to the issuer, so it’s a good idea to try to avoid carrying a balance at all wherever possible. Do this for a while and you’ll likely see your scores improve. To keep an eye on your progress, you can .
Certain unsecured credit cards are targeted at those with credit scores under 650 or with no credit score at all. These cards generally have lower credit lines and fewer benefits than more premium credit cards, but are a good stepping stone to build your credit. Unsecured credit cards They are not secured by collateral. That means that unlike secured loans, such as mortgages or auto loans, unsecured credit cards are not directly connected to property that a lender can seize of the cardholder fails to pay. Unsecured cards typically have lower fees and higher credit limits, along with rewards and perks that are not available with secured cards. The large variety of unsecured cards means that you are more likely to find one that meets your needs. Compare the best credit cards for bad credit. Choose between secured and unsecured credit cards and apply online today. .