You've defaulted on past credit agreements and this has been reported to credit reference agencies. "I have a horrible credit and need a credit card," describes your position perfectly. Don't despair as issuers offer a variety of pre-paid, secured and unsecured credit cards for damaged credit on revised terms.

Your application for a credit card has recently been declined because issuers have tightened their eligibility criteria in the face of rising default rates. Credit cards for poor credit scores don't involve credit scoring. Issuers minimize the risk they face by requiring a cash deposit or by offering a lower credit limit.

Unsecured Credit Cards for Poor Credit

Before you lower your credit score, you used to have an unsecured card. This undoubtedly explains why so many people with adverse credit have a preference for these cards. Unfortunately, unsecured bad credit history credit cards have a number of potential drawbacks.