Know your credit score to understand which cards you’re likely to qualify for. Most unsecured cards require a credit score of 670 or higher for the best terms. Step 2 Compare Interest Rates and Fees Unsecured cards may have higher APRs and fees. Look for cards with reasonable rates and mi...
Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ZDNET Finance to cover credit card, banking and blockchain news. He currently works with CNET...
Some banks will increase your limit over time with responsible use and on-time payments. And a few will automatically convert your secured credit card into an unsecured credit card when you qualify. Which Credit Cards Should You Apply For Next? With so many restrictions, it can be di...
If you don't qualify for an unsecured card, a secured credit card such as the Discover it® Secured Credit Card is a great alternative because it doesn't require a credit score. Standout benefits: The main value of a secured credit card is the ability to qualify with poor or no ...
much trouble qualifying for unsecured cards. Those with short credit histories can have a harder time finding an unsecured card that will approve them without charging exorbitant fees. Even so, when it comes to getting approved for anunsecured credit card,a short credit history is better than ...
Bottom line: The Petal 2 is a great option if you’re trying to build credit. This unsecured credit card doesn’t require a deposit and has a fast preapproval process, which will not affect your credit score. Plus, it comes with no annual fee, late payment fee, foreign transaction fee...
It stands out from the crowd because it gives users a clear path to upgrading to an unsecured card (and getting their deposit back). Starting seven months from account opening, Discover will automatically review your credit card account to see if they can transition you to an unsecured line ...
The Chase Freedom Rise® is a good option for credit newbies for all the right reasons. It's an unsecured credit card, so there's no security deposit needed, nor do you need a credit history to be approved. The annual fee is $0, it earns 1.5% cash back on every purchase, and Cha...
Credit builders often start with a secured credit card and then graduate to anunsecured credit cardwith better rewards rates and lower fees as their scores improve. While the biggest cost difference between secured and unsecured cards is the security deposit, there are also other fees and features...
Check your credit card disclosure document before applying to see what perks you will get. 2. How Does a Student Credit Card Work? From a purchasing standpoint, a student credit card and a traditional unsecured credit card are the same. Your student credit card can make purchases, make ...