The best Credit One unsecured credit card is the Credit One Bank Cash Back Rewards Card because it gives 1% cash back on purchases and offers the potential for a $0 annual fee. Depending on your creditworthiness, the annual fee may be up to $75 for the first year you own the card, and as high as $99 after. The Cash Back Rewards Visa requires fair credit in order to qualify.
Credit One’s other unsecured cards, the Platinum Visa and NASCAR Credit Card, are targeted to people with bad or no credit. They have the same annual fees as the Cash Back Rewards Card. Each card has slightly different rewards, though. The Platinum Visa and the NASCAR Credit Card both offer 1% cash back on “eligible” purchases, but you won’t know which categories are eligible until you’re approved for the card. The same is true with the Cash Back Rewards Card, but you’re likely to get rewards in more categories if you have fair credit. The NASCAR Credit Card also gives 2% back on purchases at nascar.com.
Make sure not to confuse Credit One with major issuer Capital One. Credit One is a smaller issuer that offers cards specifically for people with less than good credit.
The best credit card for a 550 credit score is the OpenSky Secured Visa Card. There’s no credit check when you apply, so approval is almost guaranteed. You just need $200 for a refundable security deposit and enough income to make monthly payments. The OpenSky Secured Card also reports to all three major credit bureaus every month, which is your ticket to a better credit score. And a $35 annual fee isn’t too much to pay for that.… read full answer
The Discover it Secured Card is another great 550 credit score credit card. It has a $0 annual fee and actually rewards you for making purchases. A 550 credit score won’t keep you from getting approved either. But a pending non-chapter 7 bankruptcy will.
Those aren’t the only credit cards you can get with a 550 credit score. In fact, there are two kinds of credit cards for people at that credit level: secured credit cards and unsecured credit cards for bad credit. A 550 credit score is within the bad credit range, unfortunately. Bad credit goes from 300 to 639. But picking the right 550 credit score credit card and using it responsibly could help you improve your score to “fair” territory within 12-18 months.
The best credit cards for a 550 score:
OpenSky® Secured Visa® Credit Card
Discover it® Secured
Credit One Bank® Visa® Credit Card
Capital One® Secured Mastercard®
Milestone® Mastercard® - Less Than Perfect Credit Considered
Before applying for a card, make sure to check out its terms and conditions, or a FAQ page if there is one, just to make sure you fit the criteria for eligibility. You can also try getting pre-approved for a credit card. It won’t hurt your credit, and it will give you a good idea of your odds if you decide to apply.
The Fingerhut Credit Account is the easiest unsecured card to get. But it won’t suit everyone’s needs. Fingerhut is an online marketplace, and its card can only be used to make purchases on the site. So while it will give you an unsecured line of credit, it won’t really help you cover emergency expenses.… read full answer
If you’re looking for a card that can be used for anything, the Credit One Bank® Visa® Credit Card is your best bet. You can get approved for it with bad credit. It offers a $300 starting spending limit. And you can use it wherever Visa is accepted.
Those aren’t your only options, though. WalletHub’s editors compared all of the unsecured credit cards in our database of 1,000+ offers. And we selected our favorite easy-to-get offers.
Here are the easiest unsecured credit cards to get:
The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.
Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.
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