Unsecured Credit

An unsecured credit card is one in which an individual does not have to use collateral to secure the credit. Their credit history is usually strong enough to qualify for that particular card; their income also reflects that they will not have a problem making payments on the account.

If a person has bad credit history, they will generally find that it is a lot harder for them to obtain a credit card that is unsecured; this particular individual will need to look at seeking a secured credit card.

To ensure that a person will qualify for an unsecured credit card, that individual will need to be sure to make timely payments when paying on accounts and to pay at least the required minimum payment each month.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!