Going without a credit card in today’s world is a major inconvenience, and it’s not one you have to live with just because of an imperfect credit history. You can find good unsecured credit cards for bad credit with no deposit required with only a minimal amount of effort – and approval is almost always the result when you apply for this type of card.
There is no good reason to sit back and assume that you can’t get a good deal on a new credit card due to bad credit. Many card companies allow or even specialize in providing card offers to people exactly like you.
Insist On A Card With No Deposit? No Problem!
A secured credit card, where you have to put down a deposit of, perhaps, several hundred dollars or more, to get approved for and use the card is a viable option for many. However, it admittedly puts some restraints on you too.
If you prefer not to tie up hundreds of dollars for months or years on end, don’t like the idea of your credit limit being based on your deposit size, or just feel embarrassed to let others know you have a secured card – an unsecured credit card for bad credit could be the answer.
Do a quick Google search online and you will immediately see that there are no shortage of offers for bad credit applicants that don’t require a deposit. Different lenders will set different terms, but many good offers are out there if you can only find them.
What Factors Should I Consider In Selecting A Card Offer?
So far we’ve only mentioned two factors to consider in choosing your new credit card: that it accepts bad or no credit applicants and that it does not require a security deposit. But there are many more features you probably want included too, such as these:
- No credit check will be run on you, or at least not a hard credit check that could hurt your already damaged credit score.
- High enough credit limit with the ability to increase it further through consistent on-time payments over a reasonable period of time.
- A competitive APR. Rates may be higher with bad credit cards, but by comparison shopping, you can find an acceptable interest rate.
- No interest charged if your pay your balance off in full on time, and either no annual fee or a relatively low one.
- Special perks and bonuses like airline travel points, cash back rewards, or discounts at hotels, gas stations, or your favorite restaurants.
How Can I Find Unsecured Credit Cards For Bad Credit With No Deposit?
Outlining what you want in your new card is one thing, but finding that ideal card is another. Bonsai Finance puts you in the driver seat so you can search for your new card point by point. It’s just like customizing your own unsecured credit card right from the comfort of your own home!
Of course, there are other ways to find credit cards, but they really aren’t very efficient. Reading one card company site after the other could take days or weeks. Simply accepting the offers send to you in the mail or via email is very limiting. The only way to know for sure you are getting your best deal is to search and compare with the kind of tools we equip you with at Bonsai Finance. We enable you to find the best unsecured credit cards for bad credit with no deposit.
At Bonsai Finance, we exist for one reason: to meet the needs of those seeking loans or credit cards by helping you “make a perfect match,” whether you’re looking for unsecured credit cards for bad credit with no deposit, another type of card, or a short-term loan.