What are the best last chance unsecured credit cards?

The best last-chance unsecured credit card is the Indigo® Mastercard® for Less than Perfect Credit because it allows people with bad credit to rebuild their score and offers an annual fee of $175 1st yr, $49 after. The Indigo Credit Card also has a 35.9% APR, which is comparable to or better than what other last-chance unsecured cards charge. Additionally, the offer doesn’t include a monthly fee, making it a bit more cost-effective than some of the other credit cards for rebuilding bad credit.  

In general, last-chance unsecured credit cards are best for people who need access to a line of credit, don’t have the money for a deposit, and want to rebuild damaged credit. On the other hand, people who mainly want to rebuild their credit should consider secured credit cards because they typically have lower fees. However, you typically can’t borrow with a secured card since your spending limit is usually equal to the amount you pay as a security deposit.

Best Last-Chance Unsecured Credit Cards

While pretty much any last-chance credit card can help you build your credit back up, your specific situation can change whether you want to prioritize cards based on their monthly fees, upfront costs, or APR. Whichever card you decide to get, use it responsibly by paying the monthly bills on time and keeping your credit utilization as low as possible. By doing so, you will help improve your credit, and you can track your progress for free on WalletHub.