7 Best Unsecured Credit Cards (For Bad Credit)

credit card advice

Toby Sembower
By: Toby Sembower
Posted: January 11, 2018
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

While having a poor credit history can severely impact your ability to get a mortgage, a car loan, and sometimes even a job, it doesn’t necessarily preclude you from obtaining a new credit card.

In fact, a couple of major issuers — Fingerhut and Credit One in particular specialize in providing credit card accounts to those with imperfect credit, offering such cardholders a sustainable credit line and an opportunity to rebuild their credit ratings by using credit responsibly.

These credit card providers, commonly referred to as “subprime” issuers, typically offer two different types of cards:

  • Secured credit cards: These types of cards require that the cardholder fully “secure” their credit line by depositing a large amount of money with the issuer’s bank. For instance, you may be required to deposit $2,000 in order to secure a $2,000 credit line. You would then get that amount refunded to you once you either closed your secured account or upgraded it to an unsecured account.
  • Unsecured credit cards: These cards do not require that you secure the credit line with a large deposit. Instead, the issuer allows you to make purchases on a card, up to a certain total balance, because it trusts that you will pay back that balance over time.

Unsecured credit cards are typically the most desirable of the two options, as they do not require a large cash outlay by the cardholder. Here are a couple of the top subprime credit card issuers and their most desirable unsecured card offers:

1. Fingerhut – 1 Unsecured Card for Poor Credit

Founded in 1948, Fingerhut has helped millions of people with poor credit ratings enjoy the flexibility of an unsecured credit line. Its card account features no annual and no application fee, which is a rarity for a card designed for subprime applicants. In addition to its user-friendly fee structure, the card reports your payments to the three major credit bureaus to ensure you are building credit as you make your payments on time.

Here is a breakdown of the Fingerhut card, along with a link to its easy online application:

Fingerhut Credit Account Review

at Fingerhut'ssecure website

BAD CREDIT RATING

★★★★★
4.7

OVERALL RATING

4.0/5.0
  • Holiday gifts they'll like, payments you'll love! Use your line of credit to shop over 550,000 items from great brands like Samsung, KitchenAid, and DeWalt
  • Take advantage of low monthly payments if you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit
  • Fast, easy online application process and a quick decision
  • Not an access card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See Issuer Website
$0
Poor Credit

2. Credit One – 2 Unsecured Cards for Poor Credit

Credit One credit cards report your payments to the three major credit bureaus, which can help you build or rebuild your credit if you pay on time and keep balances below their limits. Additionally, Credit One offers 1% cash back on qualified purchases, which makes it easily the best rewards program for those with a subpar credit rating.

Credit One Bank® Unsecured Visa® for Rebuilding Credit Review

at Credit One'ssecure website

FAIR CREDIT RATING

★★★★★
4.7

OVERALL RATING

4.0/5.0
  • Find out if you Pre-Qualify without harming your credit score
  • Eligible purchases earn 1% cash back rewards automatically, terms apply
  • Get a credit line between $300 and $3,000 based on your credit history
  • Looking for more credit? Get credit line increase opportunities, a fee may apply
  • Choose your monthly payment due date for added convenience, terms apply
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.24% - 25.24% Variable
$0 - $99
Fair
Credit One Bank® Unsecured Visa® with Cash Back Rewards Review

at Credit One'ssecure website

FAIR CREDIT RATING

★★★★★
4.7

OVERALL RATING

3.8/5.0
  • See if you Pre-Qualify without harming your credit score
  • This unsecured card requires no deposit and can help build your credit
  • Track your progress with free online access to your Experian credit score, terms apply
  • Build your credit history—we report to the credit bureaus monthly
  • Looking for more credit? Get credit line increase opportunities, a fee may apply
  • Enjoy the flexibility to choose your payment due date, terms apply
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.24% - 25.24% Variable
$0 - $99
Fair

3. Additional Unsecured Cards for Poor Credit

Besides the major issuers above, you’ll also find occasional offerings from lesser-known banks. We will attempt to update this list as more offers come available:

Surge Mastercard® Review

at Celtic Bank'ssecure website

BAD CREDIT RATING

★★★★★
4.5

OVERALL RATING

3.9/5.0
  • All credit types welcome to apply!
  • Monthly reporting to the three major credit bureaus
  • Initial Credit Limit of $500.00!* (subject to available credit)
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere that Mastercard® is accepted
  • Free online account access 24/7
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See terms
See terms
Bad, Poor Credit
Total Visa® Card Review

at the issuer'ssecure website

BAD CREDIT RATING

★★★★★
4.5

OVERALL RATING

3.5/5.0
  • Checking Account Required
  • Fast and easy application process; response provided in seconds
  • A genuine VISA card accepted by merchants nationwide across the USA and online
  • Manageable monthly payments
  • If approved, simply pay a Processing Fee to open your account and access your available credit
  • Reports monthly to all three major credit bureaus
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See Terms
See Terms
Fair, Bad Credit

+ See all cards for poor credit

The Bottom Line

As you can see, having a bad credit rating is certainly not a life sentence when it comes to obtaining an unsecured credit card. Plenty of issuers are willing to give subprime applicants a second chance at credit — and, more importantly, an opportunity to rebuild their credit rating with responsible credit card usage.