This article will teach you how to get unsecured credit cards for bad credit history. Do you have a bad credit history? Or wish to rebuild your credit record by proving you are responsible then you need to get credit from financial institutions that provide unsecured credit. And to do that, you can get a pre-approved credit card. This type of card is not like the regular credit cards that need a lot of credit checks to get. In this case, you are given starter credit cards and with limited credit. The negative side of getting these cards is that they charge high APR and some charge annual fees or security deposits.
You can rebuild your credit by using these cards in as little as 6 months. So to start afresh, and pay your bills on time. Now that we have said that, let us explore some of these unsecured credit cards for bad credit now.
How to get unsecured Credit Cards for bad credit history
Credit One Bank Visa Credit Card
This card has a reward rate of 1% cash back on purchases that are eligible such as gas, groceries, and services like mobile phone, internet cable and Satellite Tv. The annual fee ranges from $0- $99. And the regular variable APR is 19.74% to 25.74 %. If you get the credit one bank visa credit, it protects your account from charges you do not authorize plus a zero fraud liability.
Indigo Platinum MasterCard
Indigo Platinum Master Card is among the unsecured credit cards for bad credit you should consider. However, this card does not grant cash back, miles or points rewards. And the APR is fixed at 24.90%. Also, this card is accepted in over 35 million locations globally and whether you were bankrupt before doesn’t matter. Besides your credit score does not matter.
But balance transfers introductory APR and purchase introductory APR is not applicable. And the annual fee you prequalify for is based on your credit profile and it ranges from $0, $59 or $75 for the first year and $99 thereafter.
Credit One Bank Unsecured Visa having Cash Back Rewards
This card gives you 1% cashback rewards on purchases you make that are eligible. Such purchases include gas, groceries, and services like mobile phones, internet cable and Satellite Tv. The annual fee ranges from $0-$99. And the regular variable APR is 19.74% to 25.74%.
And you can prequalify in less than 1 minute without affecting your credit score. There is also a zero fraud liability that protects you if your card stolen. The lender will not hold you responsible for charges you do not authorize. Plus you can choose from over 20 unique card designs and access your account anywhere from creditonebank.com
Milestone Gold MasterCard
Another unsecured credit Card for bad credit is the Milestone Gold Mastercard. This card does not give you cashback, miles or points rewards. Also, there is no balance transfer and introductory APR. It comes with a regular fixed APR of 24.90 %. Other features include choosing your custom card design free and fast pre-qualifications that do not affect your credit card. This card is acceptable in over 35 million locations globally. Besides, previous Bankruptcy is accepted with protection from fraud, in case the card is stolen. The Annual Fee ranges between $35, $59 and $75 and after one year $99.
Discover it Secured Card
You can build your credit score with responsible use of this card. You have a free FICO credit score. This card has a reward rate of 2% cash back at gas stations and restaurants on combined purchases of up to $1,000 every quarter automatically.
You will also earn unlimited cash back on all other purchases. The interesting thing about this card is that there is no annual fee. There is a balance transfer introductory APR at 10.99% for 6 months as well as regular variable APR AT 24.49%. They need all these plus your bank information. The con is that once your credit is approved, you need to provide a $200 security deposit.
This card doesn’t offer cash back, miles or points and it is in our list of unsecured Credit Cards for bad credit. The annual fee is $35 and there is no balance transfer introductory APR. The Regular variable APR is 19.14%. If you need this card, you don’t have to provide a credit check. The amount of a $200 refundable deposit is your credit limit. You can build your credit history fast on Open Sky report that goes to 3 bureaus and improve your credit score in as little time as 6 months, using an Open sky credit card.
This card does not grant cash back, miles, or points. There is no balance transfer Introductory APR. The APR is regular at 29.99%. The annual fee is $125 for the first year and $96 thereafter. They will not bill you for Maintenance for the first 1 year upon opening the account. All category of people with different credit profile can apply for it. There is also is monthly reporting to three primary credit bureaus. And there is an initial credit limit of $500 if there is credit. But your checking account is needed for the documentation. The card is accepted everywhere Master Card is used.
In this article, I gave you a list of some providers of unsecured credit cards for bad credit. Inspite of your credit history, these lenders are willing to take the risk to grant you limited credit. So, use these offers to rebuild your credit score and then start getting the regular credit in no time. But you need to make sure you pay your bills on time.