Unsecured Credit Cards for Bad Credits
If you are a regular reader of TechMatas, you will discover that we have reviewed Credit Cards Applications and why you need a credit card. We also looked at the heavy cost implications and fees you pay as a result of using the credit card. These fees or charges are what makes credit cards toxic and get users debt-ridden.
The best credit cards for bad credit come in two different types namely:
- Unsecured Credit Cards
- Secured Credit Cards.
In this article, we shall look at some of the Top Unsecured Credit Cards for bad credits available for anyone who falls victim of bad credits. Note that Bad credits comes from irregular or late payments of these fees and high debt.
Good credit score: 680 to 699 (Average American score is 682) Average/OK credit score: 620 to 679. Low credit score: 580 to 619. Poor credit score: 500 to 579. Bad credit score: 300 to 499.
I’d like you to know that getting another credit card will not help you rebuild a battered credit history. Rather, paying off on-time, fees from your creditors as well as bringing down your account balance relative to the credit limit approved for your credit are important requirements to receiving positive ratings to your credit history.
2016 Top 8 Unsecured Credit Cards for Bad Credits
- Credit One Bank® Unsecured Visa® Credit Card
Track your score monthly and view a summary of your credit report online. Stay informed by receiving notifications sent via email or text message. Get cash back rewards on eligible purchases. See terms for details. Zero Fraud Liability protects you against unauthorized charges.
- Secured Visa from Merrick Bank
Upon approval, you’ll have an initial credit line based on your $200 -$3,000 deposit – It’s up to you! Your account information is reported to the three major credit bureaus. You can reestablish and build your credit with your performance. Online management tools! You can manage your account online for free! Your security deposit funds are FDIC Insured! $0 fraud liability for unauthorized charges.
- USAA Secured Card® American Express®
It is a real credit card and not a prepaid or debit card, that helps you build or improve your credit score. When you apply, you’ll also open a USAA Bank 2-year Certificate of Deposit (CD) (Opens pop-up layer), an interest-earning deposit account with a $250-minimum initial deposit. The money you put in upfront, from $250 to $5,000, is the card’s credit limit. — deposit is guaranteed to grow. Plus the money is yours to keep as long as you don’t default on your payments.
- Discover it® Secured Credit Card – No Annual Fee*
If approved, secure your line with an equal deposit. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Be sure to pay your bill on time. And pay your balance in full each month by the due date to avoid interest on purchases. Using credit responsibly across all of your credit cards and loans, including Discover and others, may qualify you to get your security deposit back.
Others Unsecured Credit Cards for Bad Credits are
- Capital One® Secured MasterCard
- Total VISA® Unsecured Credit Card
- Indigo® Platinum MasterCard®
- Milestone® Gold MasterCard®
In conclusion, 2016 Top 10 Credit Cards for Bad Credits in the US is a roll call of unsecured credit cards for bad credits. of Note that Bad credits comes from irregular or late payments of these fees and high debt. Again, we reiterate that paying off on-time, fees from your creditors as well as bringing down your account balance relative to the credit limit approved for your credit are important requirements to receiving positive ratings to your credit history.