A little financial turbulence in your past, even 5 to 10 years ago, can have a big impact on your credit score today. But that doesn’t mean you have to go without a credit card or even that you must limit your options to secured credit cards.
There are many unsecured credit cards available to those with below-average credit scores.
What Advantages Do Unsecured Credit Cards Offer?
A secured credit card is certainly better than no credit card at all. But they do have several disadvantages. First and foremost, you have to tie up hundreds of your own dollars in a security deposit to get the card active. Also, your credit limit will be based on your deposit and may be relatively low.
With unsecured credit cards, you avoid all of those headaches and gain greater freedom in using your card. Often, though not always, you may also see your APR, fee rates, and other terms improve when you move from secured to unsecured status.
If you have to start with a secured card, you can graduate to an unsecured credit card by making on-time payments and using your card responsibly for a specified number of billing periods. But if you need to get an unsecured card fast, what do you do?
Do I Have To Have Drastically Improved Credit To Get An Unsecured Card?
Many assume that in order to get approved for an unsecured credit card, they have to radically alter their credit score in a positive direction. This is usually not the case.
In fact, there are credit card offers you can apply for online that do not require good credit for an unsecured card. Many times, even those with badly damaged credit have the option of secured versus unsecured. It is, thus, more a matter of preference than of necessity for the vast majority of applicants.
In a small fraction of instances, someone may have to first improve their credit history before being able to get an unsecured card. But even then, it may not require a drastic improvement or a long wait.
How Can I Get Approved For An Unsecured Credit Card Fast?
At Bonsai Finance, we understand how bewildering it can be when searching for the right credit card offer. The problem is not a lack of offers but an overabundance of offers and the need for an efficient means of searching, comparing, and selecting your best overall offer.
Bonsai Finance solves this dilemma for you by providing you with high-powered, free to use search engines that rapidly search through hundreds of options based on your chosen criteria. We put the power at your fingertips to custom-search, point by point, down your list of preferred credit card features.
Simply enter criteria like unsecured cards, no credit check, accepts bad credit, low APR, no annual fee, and the like – and let the computer do the work for you!
And the application process is quick and simple. Most credit card companies only require the most rudimentary personal and financial information to apply. You can literally fill out a couple of short forms online in a matter of minutes, click, and be greeted with an instant approval message on your screen.
Over and over again, Bonsai Finance has helped those searching for unsecured credit cards – or any other category of credit card, find what they were looking for without spending a lot of time on it or enduring stress. We can do the same for you!
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