Chip Lupo, Credit Card Writer
Most unsecured credit cards required a credit score of 550 or higher. The higher your credit score is, the more unsecured credit card offers will be available and the better your chances of getting approved will be.
Best Unsecured Credit Cards for a 550 Credit Score
What to Do if Your Credit Score is Below 550
If your credit score is below the 550 threshold needed to get a good unsecured card, you’d be much better off applying for a secured card such as the Capital One Quicksilver Secured Cash Rewards Credit Card or the OpenSky® Secured Visa® 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, remember that 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.
Citi® Double Cash Card – 18 month BT offer
Frankie Solomon, WalletHub Analyst
The minimum credit score for unsecured cards for bad credit is around 500. You can get approved with a really low credit score, but you'll also have to live with lower credit limits, high annual fees and high APR rates.
Honestly, I'd say a secured card is probably a smarter alternative.
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