Applying for unsecured credit cards for bad credit can help you make improvements to any credit issues.
The downside to bad credit is that in cases where your credit is less than optimal, you’ll definitely face trouble when looking for new credit.
So if you’re not trying actively, it’ll become quite hard to improve your credit history.
Some credit cards can assist you with this by providing you with the ability to rebuild your history of credit. This will improve your credit score over time.
Types of Credit Cards for Bad Credit
There are two main credit cards for poor credit: secured and unsecured.
Secured cards require that you put down a cash deposit which you can be borrowing against, whereas the unsecured cards don’t. Both cards have a number of limitations but any of them can place you on a path towards overall improvement on your credit score.
If you are unsure about the results you’ll experience with either card, try going for unsecured credit cards for bad credit as a first option. This carries a lot more benefits for the everyday user as compared to other types of cards. Here are some of the credit card option for bad credit.
List of Unsecured Credit Cards for Bad Credit
1) Total VISA Unsecured Credit Card
The card offers a very easy application process as well as quick approval in case you get to qualify. Being a genuine VISA card, the card can be used to rebuild credit with merchants as well as online.
The card has a quick, easy application process. It also comes with manageable monthly payments. Once approved, you simply have to pay a certain processing fee to open the account and access the available credit.
2) Credit One Bank Unsecured VISA Credit Card
If you are interested in rebuilding or growing your credit, this is just the card for you. With monthly reporting to all the three major credit bureaus, they make use of free web reporting giving you access to a summary of these reports.
You can also see whether you are going to get the card in less than a minute. The card is a totally working unsecured credit card. You do not have to load any funds or get your cash tied up in deposits.
You can also earn some cash back when you buy gas or groceries with flexible payments so that you can be able to make payments on time. Once you have made a number of timely payments, you may then be able to secure an increase on your credit line.
3) Indigo Platinum MasterCard
When you go for this option, any previous bankruptcies are allowed and you can even be qualified without affecting your credit score. Once qualified, you can access online management tools with zero liabilities on fraudulent purchases on your card.
4) Milestone Gold MasterCard
In addition to a quick pre-qualification process that does not affect your credit report, this card offers custom design options as well as easy account access via the internet. On top of this, any past bankruptcies are okay as long as you are using credit responsibly today.
Track Your Growth
Definitely, if you are in a tight credit spot, you will need someone to haul you out of the situation. Utilizing this list of unsecured credit cards for bad credit will help you change things around.
And if your bad credit is because of excessive amounts of debt, checking this FTC article on dealing with debt for pointers is a good idea. Either way, having access to a credit card that you can manage as you track the growth of your credit performance over usage time for better financial options.