While unsecured credit cards for bad credit do not require a security deposit for approval and might therefore appear to be more attractive than secured credit cards, the absence of a deposit results in higher fees, more stringent approval requirements, and only about $200 of available credit. In addition, secured cards allow you to increase your credit limit by simply adding to your deposit, whereas their unsecured counterparts offer no such option. We therefore recommend opening a secured card unless you absolutely need a loan of up to $200.
Even then, it’s worth at least checking out the secured cards…show more page, as partially unsecured options are often listed there. These cards will provide you with an unsecured line of credit in excess of your deposit, but will likely have the lower fees and interest rates of secured cards. If you ultimately open any type of unsecured credit card, including one of the offers provided on this page (which may be issued by a CardHub partner) make sure to spend within your means. Not doing so will prevent you from getting out of bad credit and will even exacerbate your difficulties.