Are Unsecured Credit Cards Good or Bad?
Most credit cards are unsecured. The bank gives you access to a credit line that you tap into by using the card in person or entering the account number for online shopping. Unsecured credit cards do not have collateral, like a car or property, guaranteeing your repayment. Secured credit cards force you to deposit money for security. Unsecured credit cards have good and bad aspects.
