The easiest unsecured cards to get typically cater to individuals with limited or poor credit histories, aiming to help them build or rebuild their credit. Among the most accessible options are the Indigo® Mastercard®, Mission Lane Visa® Credit Card, Prosper® Card, and Milestone® Mastercard®.
These cards are designed for those who may not qualify for traditional unsecured credit cards due to a low credit score or a lack of credit history. Unlike secured cards, they do not require an upfront security deposit, making them appealing to individuals who cannot or prefer not to tie up funds.
Why Are These Cards Easier to Get?
Credit card issuers like those behind the Indigo, Mission Lane, Prosper, and Milestone cards often have more flexible approval criteria. They understand that applicants for these cards are typically in the process of improving their financial standing.
Key characteristics that make them accessible include:
- Lower Credit Score Requirements: They often approve applicants with poor or fair credit scores, or even those with no credit history.
- Focus on Credit Building: Their primary purpose is to help users establish a positive payment history, which is reported to major credit bureaus.
- Streamlined Application Processes: Many offer pre-qualification options that allow you to check your eligibility without impacting your credit score.
What to Look For in an Easy-to-Get Unsecured Card
While these cards are easier to obtain, it's crucial to evaluate their terms carefully. Look for cards that:
- Report to All Three Major Credit Bureaus: This is essential for building a comprehensive credit history.
- Offer Manageable Fees: Be aware of annual fees, maintenance fees, and other charges that can eat into your credit limit or make the card more expensive.
- Provide a Clear Path to a Higher Credit Limit: Some cards offer automatic credit limit increases after a period of responsible use.
- Don't Have Exorbitant APRs: While high APRs are common for these types of cards, some can be exceptionally high, making carrying a balance very costly.
Examples of Accessible Unsecured Cards
Here are some of the unsecured cards often cited for their easier approval odds:
| Card Name | Key Features Often Seen (General) | Typical Target Audience |
|---|---|---|
| Indigo® Mastercard® | Focus on rebuilding credit, may offer pre-qualification | Bad to fair credit |
| Mission Lane Visa® Credit Card | Reports to all 3 bureaus, potential for credit limit increases | Poor to fair credit, limited credit history |
| Prosper® Card | Helps build credit, often no security deposit required | Fair credit, those looking for better terms |
| Milestone® Mastercard® | Designed for credit building, sometimes has pre-qualification option | Bad credit, limited credit history |
Maximizing Your Credit Building Journey
Once you secure an easy-to-get unsecured card, focus on responsible usage to improve your credit score:
- Pay Your Bill On Time, Every Time: Payment history is the most significant factor in your credit score.
- Keep Your Credit Utilization Low: Aim to use less than 30% of your available credit limit.
- Don't Apply for Too Many Cards at Once: This can signal risk to lenders.
- Monitor Your Credit Score Regularly: Keep track of your progress and identify any potential issues.
By using these cards responsibly, you can establish a positive credit history, which can eventually lead to qualification for cards with better terms, lower interest rates, and more rewards.
