What are the best guaranteed approval unsecured credit cards for bad credit?

The easiest credit card to get with bad credit is the OpenSky® Secured Visa® Credit Card because there’s no credit check required for approval. As long as you have a U.S. mailing address, proof of your identity and some income, you can get an OpenSky. It has an annual fee of $35 and requires a refundable deposit of at least $200 to “secure” the credit line. The deposit amount becomes your credit limit.… read full answer

If you’re looking for an unsecured credit card for bad credit, one of the easiest to get is the Fingerhut Credit Account. It’s a store credit card, meaning you can’t use it for anything but Fingerhut purchases. That said, the Fingerhut online store has a wide range of merchandise for sale, and the Fingerhut Credit Account will report to credit bureaus and build your credit in the process. It has a $0 annual fee.

You should be wary of credit card companies that offer unsecured credit cards to people with bad credit though. They can give you an unsecured line of credit, but most come with big fees and high interest rates. Unless you need an emergency loan, it’s better to get a secured credit card and build up your score enough to qualify for a good unsecured card.

The best credit card for a 500 credit score is Discover it® Secured Credit Card because it has a $0 annual fee and rewards cardholders with 1 - 2% cash back on purchases. Secured cards generally provide the best opportunity for someone with a credit score of 500 (or below) to rebuild their credit standing, thanks to high approval odds and monthly reporting to the major credit bureaus.… read full answer

Best Credit Cards for a 500 Credit Score

• Discover it® Secured Credit Card
• Secured Mastercard® from Capital One
• Bank of America® Customized Cash Rewards Secured Credit Card
• OpenSky® Secured Visa® Credit Card
• Credit One Bank® Visa® Credit Card (unsecured)

When used responsibly, the right credit card for a 500 credit score can put you on the path to good credit. The key is to pay your bill on time every month.

For more tips, check out our guide on how to rebuild bad credit. You can also get personalized credit-improvement advice and credit card suggestions with a free WalletHub account.

A credit score of at least 550 to 650 is needed for an unsecured credit card in most cases, 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 Secured Mastercard® from Capital One. 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® Visa® Credit Card (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.