If you have a credit score between 400 and 550, you can still apply for the best unsecured credit cards. In this article, we’ll outline the best cards for people with these types of scores, including interest rates, fees, and credit limits. Using these cards wisely is essential to establishing a good credit history and getting approved for loans in the future. Listed below are the seven best unsecured credit cards for people with these credit scores.
The most important factor to consider when choosing an unsecured credit card for you is the annual fee. Although unsecured credit cards come with lower interest rates and no annual fee, you should still pay attention to their fees. These fees can add up fast, and you might want to stick with a secured card instead. Some secured cards even refund your deposit after you’ve made certain on-time payments. Annual fees, however, are non-refundable.
When evaluating your application for an unsecured credit card, you should first consider whether you have bad or good credit. If you have a poor credit history or a bankruptcy, you won’t be able to obtain an unsecured card. In fact, issuers will not give you an unsecured card if you have a lot of credit cards, too many inquiries, or insufficient income. You should also check your credit report before applying for an unsecured card. There are free services online that can help you monitor your credit and get a copy of your credit report.