What are the best Unsecured credit cards? Unsecured credit cards are cards that do not need a security deposit for approval and are available to people with credit scores reaching from bad to excellent.
However, there are a lot of other unsecured cards in the running for the best overall, too. Plenty depends on your credit score and whether you are more in the market for rewards, low-interest rates, or low fees.
We have picked the best Unsecured cards for different types of applicants to make things easy for you.
Best Unsecured Credit Cards
An unsecured credit card is the most common type of credit card and the only one that lets users borrow money.
A lot of the best-unsecured credit cards have $0 annual fees, but the lower your credit score the more likely it is that you will have to pay an annual fee to get an unsecured card.
The good news here is that a lot of good unsecured cards are on the market right now.
Best Credit Cards for Bad Credit Unsecured
You can check out the best-unsecured credits of this year so far below.
Capital One VentureOne Rewards Credit Card
Pros:
- No annual fee
- Over 20,000 miles initial bonus
- 0% intro APRs
- Mile’s equivalent of 1.25cashbackck on purchases.
- Miles are redeemable for any travel-related expense on your bill.
The VentureOne reward credit card is a wonderful travel reward credit card that is worth it for people who don’t spend enough to justify an annual fee.
VentureOne has a $0 annual fee, a $0 foreign transaction fee, and solid rewards. The reward includes 20,000 miles as an initial bonus for spending $500 in the first 3 months, along with an ongoing earning rate of 1.25 miles $1 on most purchases.
Capital One Venture is a mainstay among the market’s best rewards cards, but its annual fee is enough to scare some people away. That’s who the VentureOne Card is perfect for.
Platinum Credit Card
Pros:
- No annual fee
- No foreign traction fees
- No balance transfer fees
- Fair credit needed
Capital one platinum credit card is one of the best cred cards for building credit. It has no annual fee to save you a few hundred dollars when compared to other cards like those from American Express.
The interest is high with a variety APR of 26.99% but the capital one will also automatically review your credit line as soon as six months to evaluate your account terms. You will likely need fair credit for approval.
You’re covered by $0 Fraud Liability if your card is ever lost or stolen. That means you will not be responsible for fraudulent purchases.
Your due date is at least 25 days after the close of each billing cycle. You will not be charged interest on new purchases provided you have paid your previous balance in full by the due date each month
Quicksilver Once Cash Reward Card
Pros:
- No annual fee
- No foreign transaction fees
- Fair credit needed
- Unlimited rewards
The Capital One Quicksilver One Cash Rewards credit card comes with unlimited rewards that give you 1.5% cashback on all purchases you make. There are no restrictions or rotating categories, so you can buy what you want when you want with rewards that are issued as a statement credit.
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply
Enjoy unlimited access to your credit score and tools to help you monitor your credit profile with Credit Wise from Capital One. It’s free and available to anyone, whether or not you have a Capital One product.
Indigo® Mastercard® for Less than Perfect Credit
Pros:
- Qualify with bad credit
- Does not require a security deposit
- One-time fees $0
- Monthly fee $0
The Indigo Credit Card is a good unsecured credit card for people with bad credit, offering a $300+ credit limit with no security deposit needed. The Indigo Card has an annual fee of $0 – $99, which is worth paying if you have damaged credit and need a credit card for emergency borrowing.
The Indigo Card’s pre-qualification process lets you see if you’re qualified for approval without actually submitting an application, which would trigger a hard credit inquiry that could provisionally reduce your credit score. Just keep in mind that prequalifying doesn’t mean you’re guaranteed approval.
Destiny Mastercard®
- Qualify with bad credit
- Does not require a security deposit
The Destiny Mastercard is a nice option for unsecured credit card people because it charges a high annual fee and has a 35.9% APR. It can help people with bad credit improve their credit score and borrow modest amounts, but other cards can do the same thing at a lower cost.
The Destiny Mastercard® is a good credit card to use after bankruptcy, for example, as that type of negative credit history won’t disqualify an applicant.
Best Credit Card for Bad Credit
Discover it Secured card
Pros:
- No annual fee
- Cashback rewards
- No credit score requirement
- Automatic transition to an unsecured card
Discover card reward rates are 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Not only are the credit requirements forgiving, but you will be able to earn cashback rewards with every charge you make. Discover also offers a cashback match program that doubles all of the rewards you earned by the end of the first year.
This card feature gives you monthly access to your FICO score. This benefit lets you track your scoring progress. You can use this card the right way, and you can watch these important core increase over time.
What to Consider When Choosing the Best Unsecured Credit Cards
There are several factors to consider when shopping for the best-unsecured credit card, below are some of them:
Card Requirement: a lot of companies may require that you furnish other details to provide a financial overview without the need for a credit score.
Rewards: a lot of credit card users offer perks for credit cards such as cash back, points, or miles that can be redeemed.
Review: It is good to consider the automatic review to assess your spending and payment history.
Consider the credit card introductory offer.
Unsecured Credit Cards FAQs
The following are some of the popular unsecured credit card FAQs so far.
What is an unsecured credit card?
An unsecured credit card is said to be a credit card that has no security deposit. It also means the card’s credit line is not backed by collateral and the card is what most people would prefer as a normal credit card.
What is the difference between a secured and unsecured credit score?
There are some differences between secured and unsecured credit cards. A secured credit card needs a deposit to fund your credit card.
While the unsecured card does not use a deposit and instead extends a line of credit that you repay over time.
