Debt that is not guaranteed by collateral. No assets are committed in the event of a default. If the issuer cannot collect on the loan, the value is lost. Most credit cards are unsecured.
An Unsecured Credit Card does not require any cash deposit or any other collateral before the credit card is issued. The unsecured credit card is backed only by your credit history and your financial resources available. If your credit card application is approved, an unsecured line of credit is available for your use. The limit of such credit line is determined by the credit card issuer.
a credit card that DOES NOT require a security www