Unsecured Credit Cards for Bad Credit

Complete List of Unsecured, No Deposit Credit Cards Available to Those With Low Credit Scores

Below is a list of unsecured cards for bad credit score. They require no security deposits unlike secured credit cards. Because no deposit is required, these unsecured credit cards will appeal to those of you who do not want to or have enough to make a meaningful deposit with a secured credit card. Due to the Covid-19 pandemic, many issuers are no longer accepting applications. As a result, we are only listing cards that are still accepting and approving applications.

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Reflex MasterCard

Picture of Item Reviewed
Annual Fee: See Terms* 
See Terms* 
Application Fee: See Terms* 
See Terms* 
Monthly Fee: See Terms* 
See Terms* 
APR: See Terms* 
See Terms* 
Card Type: Secured/Unsecured 
Secured/Unsecured 
Credit Needed: 540-680 
540-680 
Starting Credit Limit: $500-$700 
$500-$700 
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Surge MasterCard®

Picture of Item Reviewed
Annual Fee: See Terms* 
See Terms* 
Application Fee: See Terms* 
See Terms* 
Monthly Fee: See Terms* 
See Terms* 
APR: See Terms* 
See Terms* 
Card Type: Secured/Unsecured 
Secured/Unsecured 
Credit Needed: 540-680 
540-680 
Starting Credit Limit: $300 - $750 
$300 - $750 
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Fit MasterCard®

Picture of Item Reviewed
Annual Fee: See Terms* 
See Terms* 
Application Fee: See Terms* 
See Terms* 
Monthly Fee: See Terms* 
See Terms* 
APR: See Terms* 
See Terms* 
Card Type: Secured/Unsecured 
Secured/Unsecured 
Credit Needed: 540-680 
540-680 
Starting Credit Limit: $500 
$500 
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First Digital Mastercard®

Picture of Item Reviewed
Picture of Item Reviewed
Annual Fee: $75 Y1-->$48 
$75 Y1-->$48 
Application Fee: $96 
$96 
Monthly Fee: $6.25/m 
$6.25/m 
APR: 35.99% *V 
35.99% *V 
Card Type:  
 
Credit Needed: Bad 
Bad 
Starting Credit Limit:  
 
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Destiny Mastercard

Picture of Item Reviewed
Picture of Item Reviewed
Annual Fee: $59 - $99 
$59 - $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 24.9%*V 
24.9%*V 
Card Type:  
 
Credit Needed: 540-680 
540-680 
Starting Credit Limit: $300 
$300 
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Indigo® Platinum Mastercard® Credit Card

Picture of Item Reviewed
Annual Fee: $0 to $99 
$0 to $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 24.9% 
24.9% 
Card Type: Unsecured 
Unsecured 
Credit Needed: 540-680 
540-680 
Starting Credit Limit: $300 
$300 
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Milestone® Mastercard® With Choice Of Card Image At No Extra Charge

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Annual Fee: $35 to $99 
$35 to $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 24.9% 
24.9% 
Card Type: Unsecured 
Unsecured 
Credit Needed: 540-680 
540-680 
Starting Credit Limit: $300 
$300 
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Net First Platinum

Picture of Item Reviewed
Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Card Type: Unsecured 
Unsecured 
Credit Needed: Damaged-Fair 
Damaged-Fair 
Starting Credit Limit: $500 - $1,500 
$500 - $1,500 
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Freedom Gold Card

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Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Card Type: Unsecured 
Unsecured 
Credit Needed: Damaged-Fair 
Damaged-Fair 
Starting Credit Limit: $500 - $1,500 
$500 - $1,500 
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Horizon Gold

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Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $24.95 
$24.95 
APR: 0% 
0% 
Card Type: Unsecured 
Unsecured 
Credit Needed: Damaged-Fair 
Damaged-Fair 
Starting Credit Limit: $500 - $1,500 
$500 - $1,500 
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Unique Platinum

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Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $19.95 
$19.95 
APR: 0% 
0% 
Card Type: Unsecured 
Unsecured 
Credit Needed: Bad 400-600 
Bad 400-600 
Starting Credit Limit: $1,000 
$1,000 
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Blaze MasterCard

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Annual Fee: $19, $50 or $75 
$19, $50 or $75 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 29.99%  
29.99%  
Card Type: Unsecured 
Unsecured 
Credit Needed: Fair Credit 
Fair Credit 
Starting Credit Limit: $500 
$500 
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Upgrade Credit Card

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Picture of Item Reviewed
Annual Fee: $0 
$0 
Application Fee:  
 
Monthly Fee:  
 
APR: 6.99%-29.99%*V 
6.99%-29.99%*V 
Card Type:  
 
Credit Needed: Fair Credit 
Fair Credit 
Starting Credit Limit: $500-$50,000 
$500-$50,000 
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Fortiva Mastercard

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Picture of Item Reviewed
Annual Fee: $49-$175->Y1, Then $0-$49 
$49-$175->Y1, Then $0-$49 
Application Fee: $0 
$0 
Monthly Fee: $5-$12.50 
$5-$12.50 
APR: 22.74%-36%*V 
22.74%-36%*V 
Card Type: Unsecured 
Unsecured 
Credit Needed: Poor 
Poor 
Starting Credit Limit: $300 
$300 
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Show MasterCard

Picture of Item Reviewed
Annual Fee: $50 or $75 
$50 or $75 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 22.9% or 29.9%*(V) 
22.9% or 29.9%*(V) 
Card Type: Unsecured 
Unsecured 
Credit Needed: Bad >600 
Bad >600 
Starting Credit Limit: $300 
$300 
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Best Unsecured Credit Cards for Bad Credit 2020

The table below list the best unsecured cards (with no deposit requirements) that those of you with bad credit should consider. We used to list cards with certain criteria like low fees etc. However, due to the Covid-19 pandemic and it's effect on the economy and card issuers, our main criteria is now easy approval. The reason is that many issuers have tightened their approval criteria due to the downturn in the economy. For you rebuilders, getting approved for a card now is even more important than features or fees.

Updated On 8 May 2020

For those of you using your phones, use the landscape mode to get a clear view of the table.
 

Card Annual Fee APR Initial Limit Score Needed Good For
Reflex Mastercard $75-$99 25.90% to 29.99% $300-$700 550-650 "Easier Approval"
Surge Mastercard $75-$99 25.90% to 29.99% $300-$700 550-650 "Easier Approval"
First Digital Mastercard see terms see terms $300-$500-$700 550-650 "Easier Approval"
Indigo Mastercard $0-$99 24.9% $300 525-675 No Annual Fee Possible
Milestone Mastercard $35-$99 24.9% $300 525-675 BK applicants can get approved
Net First Platinum $0 0% $500-$1,500 400-600 Guaranteed Approval
Freedom Gold Card $0 0% $500-$1,500 400-600 No Credit Checks
Horizon Gold $0 0% $500-$1,000 400-600 No Credit Checks


Our Top Picks: Unsecured Cards For Poor Credit

Best For Free Credit Score and Mobile App

Reflex Mastercard

The Reflex Mastercard is issued by Continental Finance and is one of the few subprime credit cards that gives you a free FICO credit score so you can monitor your rebuilding progress. It also has a mobile app where you can have full access to your account. Before you apply, you actually go through a pre-approval process which only involves a soft pull on your credit report. You can only apply if you have been pre-approved.

Surge Mastercard

The Surge Mastercard is another card issued by Continental Finance and as a cardholder, you also get access to a free FICO credit score. You can also use the Continental Finance mobile app to monitor and manage your credit card account. Before you can apply, you need to get pre-approved. The pre-approval process does not involve any hard pull so you do not get past that hurdle, it will at least save you a hard pull from your credit report.

Best Unsecured Card For No Processing Fee and Monthly Fee

Indigo Mastercard

The Indigo Mastercard is from Genesis Financial. They charge no one-time application fee and monthly fee. Since the annual fee ranges from $0-$99, there is a chance that you may also get this card with no annual fee. This card will approve those with previous bankruptcies so those who have come out of BK.

Milestone Mastercard

The Milestone Mastercard is another credit card that does not charge any application fee or monthly fee. Instead, you will only be charged an annual fee that ranges between $35 and $99. You can apply for this card even if you have a previous bankruptcy.

Best for Instant Approval

Total Visa

The Total Visa Unsecured Credit Card is known for approving you instantly. Please be aware that not all applications get instant approval. Some of you might still get the 7-10 day message.

Best For Guaranteed Approval and High Credit Limit

Net First Platinum, Horizon Gold, Freedom Gold

The Net First Platinum, Horizon Gold and Freedom Gold card are all issued by Horizon Card Services. They are online store cards which you can only use at their online stores. Despite that, you can get a starting credit line between $500 and $1,500 which is a high credit limit for a subprime credit card. They also report to one credit bureau (which at this moment is Equifax).

Best for No Annual Fee

Upgrade Card

The Upgrade Card is a very unique credit card that is both a Visa credit card and a personal line of credit. It also has no annual fee. If you want to get approved for a credit card with no annual fee, your credit score has to be at the higher end of the bad credit spectrum. You will need a score of at least 630, a decent income and no recent late payments. If you have been steadily rebuilding for a year or two with no late payments, you might want to give this card a shot.


What You Get Realistically Expect To Be Approved

Depending on your score, and perhaps your income and whether you have had no late payments for a certain period of time (like say a year and a half), you may be approved for unsecured cards with different characteristics. The table below summarizes what type of unsecured card you can realistically expect to get based on your credit scores.

Score Range Expected Features Example Cards
>625
  • No or Low Annual Fee
  • No Monthly Maintenance Fee
  • No One-Time Application
525-625
  • Annual Fee
  • Monthly Maintenance Fee
  • May include one-time application fee
300-525
  • Online Store Cards
  • No credit checks
  • Can only be used at online stores


Features Which Our Recommended Unsecured Credit Cards Have?

Below are features that we explicitly look out for when we were compiling our list of best unsecured credit cards. Not all cards have all the features. But these were what we looked at and considered. However, at the moment, our recommended cards are not really based on these criteria because issuers have been changing and tightening their approval standards due to the economic downturn caused by the Covid-19 Pandemic.



FREQUENTLY ASKED QUESTIONS

Can you get an unsecured credit card with bad credit?

Can you get an unsecured credit card with bad credit?


Yes, you certainly can. You will have to accept that an unsecured credit card when you have bad credit is different from one which you can get when you have good to excellent credit.

For example, do not expect to get a high starting limit. Many will start you off at $300 (though that can increase over time). You might have to pay an annual fee as well (though some have no annual fee). Some even charge one-time application fee and monthly fees on top of an annual fee.

Otherwise, having bad credit should not stop you from getting an unsecured credit card. In fact, it is good to get one to restart rebuilding your low scores.

What unsecured credit card is easiest to get?

What unsecured credit card is easiest to get?

Well, it really depends on your credit score. If your score is very low (for example in the 400s), then it is not easy to get an unsecured credit card. However, there are cards like the Fingerhut Credit Account that might approve you for that score. There are also other online store unsecured credit cards like Horizon Gold that will approve you because they do not perform any credit checks.

If your credit score is in the high 500s or low 600s, then most unsecured credit cards targeting folks like you are more likely to approve your application.

What does it mean to have an unsecured credit card?

What does it mean to have an unsecured credit card?


Most credit cards are unsecured so having an unsecured credit card is just like having a regular credit card. If you have very low credit scores, you may not be able to get an unsecured card and may have to settle for a secured credit card instead. A secured credit card requires you to put down a security deposit (which is your credit limit) whereas for an unsecured credit card, your credit limit will depend on the issuers assessment of your credit score, income etc. For those of you with low credit scores, your initial credit limit for an unsecured credit card will most likely be between $300-$500.

How does an unsecured credit card work?

How does an unsecured credit card work?


As mentioned in the earlier question, most credit cards are unsecured credit cards and so an unsecured card simply works like a regular credit card.

When you apply for a regular unsecured credit card, you will have to tell the issuer your income, mortgage, rent etc and once you pull your credit score, they will either approve or reject your application. If you are approved, you will be given a credit limit.

You can only spend up to your credit limit every month. When your bill comes, you can either pay in full, pay the minimum or somewhere in between. If you do not pay your bill in full, you will be charged an interest on your balance.

What credit score is needed for an unsecured credit card?

What credit score is needed for an unsecured credit card?


For those of you with poor credit score, you usually need a score of at least 500 (preferably mid 500) to get approved for an unsecured credit card. There are some online store cards that you can get even with a 400+ score. An example would be Fingerhut.

What is the difference between unsecured and secured credit card?

What is the difference between unsecured and secured credit card?

If you get a secured credit card, you will have to put up a security deposit with the issuer. The amount of your deposit becomes your credit limit. You will get back your security deposit when you close the card or when the secured credit card graduates to an unsecured credit card (which some issuers do).

With an unsecured credit card, you do not have to put a security deposit. Your credit limit will be given based on your score and income (although in the case of bad credit cards, the starting limit is typically very low).

The other main difference pertains to fees. Most secured credit cards either have no annual fee or charge a modest annual fee. Many unsecured credit cards for bad credit have annual fees, one-time application fees and monthly fees as well.

What is the best unsecured credit card for bad credit?

What is the best unsecured credit card for bad credit?


See our recommended list.

What is a good unsecured credit card for bad credit?

What is a good unsecured credit card for bad credit?


Once again, see our recommended list. All I would say is that a good unsecured credit card if you have bad credit is one which has a reasonable annual fee and does not charge any one-time application fee and monthly fee. If you can get one with rewards, that is even better.

 

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