What's the easiest unsecured credit card to get approved for?

Yes, you can get an unsecured credit card with a 500 credit score. The best unsecured credit card to get with a 500 credit score is the Credit One Visa card because it offers a $300 starting credit limit, the potential for automatic credit line increases, and an annual fee of $75 intro 1st yr, $99 after. Cardholders earn rewards on select purchases, too.… read full answer

The downside of applying for an unsecured credit card with a 500 credit score is that you will likely end up with high fees, high interest rates, and a low credit limit. The odds of getting approved for a decent unsecured credit card are higher with a credit score of at least 640. And the higher your credit score is, the better your chances of getting an unsecured card with good terms will be.

Unsecured Credit Cards to Get with a 500 Credit Score

While Credit One Visa may be the best unsecured credit card for people with a 500 credit score, it’s still not the most attractive option overall. People with bad credit who are in the market for a credit card should look into applying for a secured card instead. Most secured cards come with $0 annual fees, and some cards, such as the Bank of America® Customized Cash Rewards Secured Credit Card, give rewards on purchases.

Secured cards are also easier to get than unsecured cards because you’ll have to pay a security deposit, usually $200 at a minimum, to open the account. The amount of your deposit determines your credit limit in most cases, and you can increase your limit by adding more money to your deposit. Your deposit is fully refundable when you close the account in good standing.

The best unsecured credit card to rebuild credit with is the Credit One Bank® Platinum Visa® for Rebuilding Credit because it has a reasonable annual fee, gives 1% cash back on eligible purchases, and starts cardholders off with a $300 minimum credit limit. It also accepts people with bad credit.

An unsecured credit card is one that does not require a security deposit or any other collateral to open the account. In addition, rebuilding credit generally means you have a credit score of less than 640. In that case, most unsecured cards that you may qualify for will be costly.… read full answer

Best Unsecured Credit Cards to Rebuild Credit

• Credit One Bank® Platinum Visa® for Rebuilding Credit
• Milestone® Mastercard® - Less Than Perfect Credit Considered
• Indigo® Mastercard® for Less than Perfect Credit
• Aspire® Credit Card
• Fingerhut Credit Account

An unsecured credit card is typically not the most cost-effective way to rebuild credit. Because you’re considered a high credit risk, your options are very much limited. In addition, your spending power will be greatly reduced by numerous fees and high interest charges.

A better option to rebuild credit would be to open a secured credit card account. Your odds of approval will be greater because you’ll be setting your own credit limit with a refundable security deposit, usually starting at $200. Secured cards tend not to have one-time and monthly fees, so they end up costing you less in the long run. You’ll also get your deposit back in full when you close your account with no unpaid balance.

Some of the best secured cards for rebuilding credit include the Discover it® Secured Credit Card, the Capital One Platinum Secured Credit Card, and the OpenSky® Secured Visa® Credit Card.

For most unsecured credit cards you will need a credit score of 550-650, though it’s possible to get approved for an unsecured card with a lower score or even no credit score. For example, some of the best beginner and student cards are unsecured and will approve applicants with little or no credit.… read full answer

If your credit score is below the 550 to 650 threshold needed to get a good unsecured card, you’d be much better off applying for a secured card such as the Discover it® Secured Credit Card or the Capital One Platinum Secured Credit Card. They’re easier to get than unsecured cards because you’re putting up your own money, typically a minimum deposit of $200, to secure the account.

For people with bad credit who are set on getting an unsecured card, two of the best options are the Credit One Bank® Platinum Visa® for Rebuilding Credit (cash back on select purchases) and the Indigo® Mastercard® for Less than Perfect Credit (no upfront fees). Remember, unsecured credit cards for bad credit do not require a security deposit to open an account. As such, they typically come with low credit limits, high fees and high interest rates.