Top Unsecured Credit Cards for Bad Credit

Unsecured credit cards for ‘bad credit’ may be more expensive and trickier to obtain than those secured with a deposit. However, they provide not only the opportunity to rebuild your credit but also a quick access to extra funds.
Unsecured credit cards for ‘bad credit’ may be more expensive and trickier to obtain than those secured with a deposit. However, they provide not only the opportunity to rebuild your credit but also a quick access to extra funds.

Before approaching an unsecured credit card with a bad credit score, double check its approval requirements. You definitely don’t need a denial record in your credit history.

It’s never just a credit score number what matters but also particular events within your credit history that resulted in such a number. For example, you may be a credit novice, recent bankrupt, or late payer. All together that defines your starting point on the way to better credit.

Platinum Credit Card From Capital One photo Platinum Credit Card From Capital One See terms on Capital One’s secure website.
Card usage cost:
$0

This includes one-time fees as well as all regular maintenance fees you have to pay within the first year of using the card.

Regular APR:
24.99%
Minimum credit limit:
$300
Qualification:
For fair, poor, limited, no credit score.

Platinum Credit Card From Capital One

The Platinum Credit Card from Capital One is made for people with a fair credit score willing to improve it. A short credit history or one defaulted loan is acceptable while an unresolved bankruptcy is not.

One of the main purposes of this card is rebuilding credit. Capital One claims that it may report your credit activities to all the main credit bureaus. So make sure you manage your credit wisely and make a positive contribution to your credit history.

The Platinum card may be equally helpful if you need some extra funds. You access at least a $300 credit line and can transfer a balance without paying a transfer fee. That makes it a remarkable offer on the market. Additionally, since there is a $0 annual fee, you may easily keep the card just in case of emergency.

  • No annual fee;
  • No balance transfer fee;
  • Platinum MasterCard® benefits;
  • Capital One® card features;
  • Reporting to the three national credit bureaus.
  • A $300 credit limit.

The Platinum Credit Card from Capital One is one of the most cardholder-friendly offers in the ‘bad credit’ category. If you are ready to work on your credit rebuilding or simply require some extra funds, this is your option.

Milestone® Gold MasterCard® photo Milestone® Gold MasterCard® See terms on Mid America Bank & Trust Company’s secure website.
Card usage cost:
$35

This includes one-time fees as well as all regular maintenance fees you have to pay within the first year of using the card.

Regular APR:
23.9%
Minimum credit limit:
$300
Qualification:
For fair, poor, no credit score.

Milestone® Gold MasterCard®

You may qualify for the Milestone® Gold MasterCard® from Mid America Bank & Trust Company with a fair, poor or even no credit score.

Considering your application, Mid America Bank takes into account your income, debt and credit history. Your creditworthiness defines your credit line, which is at least $300, and your annual fee, which can be $35, $59 or $75 ($99 starting from the second year). There is a pre-qualification form available on the card’s website to help you estimate your chances.

The Milestone card may come in handy if you need some extra cash since it doesn’t charge any transaction fees on cash advances during the first year of using the card. This is a rare opportunity on the credit card market. However, mind a 29.9% APR on cash advances applied on the day of transaction.

  • No cash advance fee during the first year;
  • Quick pre-qualification – no impact on your credit score;
  • MasterCard Gold benefits;
  • Free custom card design;
  • Reporting to the three national credit bureaus.
  • Annual fee can be $35, $59 or $75 ($99 starting from the ;second year);
  • A $300 credit limit.

Whatever credit score you have, if you are looking for extra cash or the opportunity to rebuild your credit, apply safely for the Milestone® Gold MasterCard® and get the conditions you match.

Indigo® Platinum MasterCard® photo Indigo® Platinum MasterCard® See terms on Celtic Bank’s secure website.
Card usage cost:
$0

This includes one-time fees as well as all regular maintenance fees you have to pay within the first year of using the card.

Regular APR:
23.9%
Minimum credit limit:
$300
Qualification:
For fair, poor, limited, no credit score.

Indigo® Platinum MasterCard®

Again, a fair, poor or no credit score may be eligible when applying for the Indigo® Platinum MasterCard® from Celtic Bank.

The Indigo card from Celtic Bank is very much similar to the Milestone card. They have the same terms, qualification requirements and costs. However, there are two differences:

  • The Indigo card has the minimum annual fee of $0, $59 or $75;
  • The Indigo card is MasterCard Platinum what adds two additional card benefits to those available with the Milestone MasterCard Gold.

While no annual fee is definitely better than a $75 annual fee, the difference in card benefits is not that explicit. MasterCard Gold offers MasterTravel Insurance, MasterRental, and Travel Assistance Services. MasterCard Platinum add to this list Concierge service to help you arrange trips, reservations and tickets for events; and MasterAssist Plus to help you deal with an emergency while travelling. So if you’d like to save your time on arrangements or travel a lot, MasterCard Platinum is your option. In other cases, the difference in benefits doesn’t matter for you.

  • No cash advance fee during the first year;
  • Quick pre-qualification – no impact on your credit score;
  • MasterCard Platinum benefits;
  • Free custom card design;
  • Reporting to the three national credit bureaus.
  • Annual fee can be $0, $59 or $75 ($99 starting from the second year);
  • A $300 credit limit.

This is an attractive offer for all those with bad credit but looking for a credit-rebuilding tool or an emergency access to extra cash. Pick the Indigo card with its MasterCard platinum benefits if you travel a lot or want to save time on making various arrangements.

How we choose our best cards

We see two main purposes of unsecured credit cards for people with a low credit score. The first one is rebuilding credit, so we list here only the cards reporting your credit activities to the three national credit bureaus. The second purpose is an access to extra funds, so we list here only the cards that require neither deposit nor extraordinary maintenance fees.

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