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Credit Cards

Credit Card Basics:
-Credit Card Benefits
-Applying for the Right Card
-Card Offer Pros & Cons
-Cash Advances
-Balance Transfer Tips
-Smart Credit Card Use
-Going Over-the-Limit
-Credit Card Scams
-Delinquency Rates
-Paying Bills on Time
-Credit Card Insurance
-Fees & Costs
-Student Card Guide
-Unsecured Offers

Card Offer Details

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Unsecured credit cards offer many great benefits. One of which is the low fee associated with card set-up. Dissimilar to a secured card, you are not required to pay the entire amount of your limit prior to being able to use the card. Instead, once you receive your card, you can spend as much as your available limit offers. In most cases, the card fees will be charged to your card after the first month. Therefore, you do not have to pay any fees in order to receive your unsecured card.


Orchard Bank 2% Cash Back MasterCard

Orchard Bank Secured

-- Great for people with poor credit!
-- Get 2% back on every purchase, everywhere - automatically!
-- 100% fraud liability protection
-- Great built-in MasterCard benefits

 American Express Blue

Blue from American Express®

-- Great for people with good credit!
-- 0% APR on purchases for 15 months
-- Low Balance Transfer APR - 4.99% Fixed APR for the life of the balance
-- Free Rewards Program - Earn points redeemable for travel, merchandise, and more

**In addition to the two offers above, we feature a variety of unsecured reward card offers as well as several bad credit unsecured cards.

Dealing with emergencies
Unsecured credit cards are an excellent resource when have to deal with an unforeseen financial crisis, i.e. car repairs, doctor bills, etc.. Instead of having to wait until you can afford to pay off your initial deposit, you have the ability of utilizing 100% of your available credit limit. So, if your car breaks down, you will not have to be concerned about how you are going to pay for the repairs. Instead, you have your unsecured card to use, and then make payments on the balance as you can afford to.

Higher limits = greater spending power
Almost every type of unsecured credit card has a higher spending limit than secured cards; giving you more spending power to use. If you necessitate a large amount of money to pay for a service or good, it is likely that you will be able use your credit card if it is an unsecured one. Being that secured cards are usually for those with bad credit, they will have lower available limits.

In addition, you may be in the beginning stages of obtaining your credit card, where you are still paying off your deposit. With an unsecured credit card, you will be able to utilize the fullest extent of credit immediately, giving you the spending power you need for those high ticket items and unexpected emergencies

Account activity reported to the credit bureaus
It is likely that your unsecured card issuer is going to report your credit card account activity to all three major credit reporting agencies more frequently than secured card issuers. Being that the company you obtained your card from is taking a bigger risk on you, the more reason for them to report your activity with them on a regular basis. As a result, if you use your credit card wisely and keep your account in good standing, i.e. no delinquent payments or over-extending of your account, the faster your credit rating and score will increase.

On the other hand, if you are late or miss a payment, you can be certain that your card issuer will report your tardiness to the credit agencies.

While this can make bad credit worse, so long as you manage your credit wisely, you are more likely to see an increased credit score by applying and being accepted for a credit card that is unsecured.

Keeping track of your finances and effectively managing your credit card payments will go a long way towards improving your credit score, and an unsecured credit card is the best credit card to have for this purpose, as it maximizes your flexibility and demonstrates responsibility in the credit card world.




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