You may have heard of guaranteed approval credit cards if you have bad credit borrowers. These cards usually have very low requirements for credit card application.
An unsecured card may be available if your income proof and checking account are current. This type of card can be helpful for those with poor credit scores or bad credit history.
Credit Cards that can benefit people with poor credit or who wish to rebuild their credit rating will be discussed.
Unsecured Credit Cards with No Deposit
Unsecured credit cards do not require a security deposit. Credit card issuers can use them as a line credit. However, if used responsibly, they can help rebuild your credit and allow you to gain access to credit and achieve credit approval for a better-unsecured card.
These top-rated unsecured options for credit cards are worth considering:
1. Surge Mastercard(r)
- Credit limit up to $1,000 doubles to $2,000. Make at least six monthly payments on time to avoid late payments.
- All types of credit are welcome to apply, including those with a bad credit score.
- Register to e-statements to access your Vantage score 3.0 at Experian and keep track of your credit profile.
- Initial Credit Limit 300- $1,000 (subject to credit availability)
- Monthly reporting for major credit bureaus
- You may check to see if you are Pre-Qualified with an instant decision. This will not affect your credit score or result in additional credit inquiries.
The Surge MasterCard by Celtic Bank provides strong credit lines and fast preapproval decisions, such as instant approval credit cards, to those with low credit scores. Remember to make at least the minimum monthly payment to enhance your credit standing. This can help you build credit.
2. Reflex Mastercard (r)
- Instant-use credit cards with a credit limit of up to $1,000 double to $2,000 after you make at least six monthly payments on time.
- Check here to find out if you are Pre-Qualified with an acceptance rate. This will be fine with your credit scores.
- All types of credit are welcome to apply through our online application process.
- Sign up electronically to receive statements. You will have free access to your Vantage 3.0 score.
- Minimum credit limits of $300 – $1,000 (subject to credit availability)
- Monthly reporting for major credit bureaus with eligibility requirements
Reflex Mastercard (r) is an option for people with bad credit. Responsible usage will improve your credit score and provide quick access to higher credit limits.
3. Total Visa(r) Card
- Check your account
- Quick and simple online application process. Response in seconds
- All US merchants accept Visa credit cards.
- The monthly payment can be managed.
- Minimum credit limits of $300 (subject to credit availability)
- Monthly Reports to all three major credit agencies
Visa cards are accepted everywhere Visa is accepted. Apply online for a Total Visa(r) Card in minutes. Explore alternatives to credit cards, such as personal loans with competitive interest rates.
Secured Card with Approval upon Deposit
Secured credit cards are bad credit personal loans that guarantee approval and are very popular. They often require proof of income and provide instant access to funds upon approval. Interest might also be earned.
Secured credit card cards are open to all, regardless of credit history, and serve as excellent approval alternatives for those looking for alternatives to credit cards.
These secured credit cards can help you start your search. Review the loan agreement carefully before committing to any financial product.
4. Capital One Platinum Secured credit card
- There is no hidden or annual fee. Please refer to the instant approval process to determine if your application was approved.
- Capital One Platinum Secured may be a great way to build your credit and gain financial assistance.
- To get a $200 credit line, you must make $49 in refundable security deposits, allowing access to cash.
- Online lenders make applying for this secured credit card easier with low-interest and affordable interest rates.
- If you use your card responsibly and pay your bills promptly, your security deposit could be refunded, giving you better access to funds.
- Your credit limit automatically increases within six months, with no additional deposit and flexible payment options.
- It is possible to be sure that $0 Fraud Liability will not hold you responsible for any unauthorized charges.
Capital One Platinum Secured credit Cards offer a secured credit card with a $200 credit limit. It reports to all major credit bureaus. You can increase your credit line in 6 months by paying monthly fees.
5. OpenSky (r) Secured Visa (r) Credit Card
- No credit check is required. OpenSky believes that everyone should have the opportunity to succeed. With flexible repayment terms, getting quick cash is easier.
- The amount that you pay is the refundable limit on your Visa Card. Start at $200, perfect for covering unexpected medical expenses.
- You can quickly build credit. OpenSky provides credit reports to all three major credit agencies, helping you make an informed decision about your finances.
- Customers without credit scores could obtain credit score records from credit bureaus within six months, increasing their chances of approval for loans and credit cards.
- This group is for people just like you. To share your experiences and gain insights from others, visit our Facebook Fan Page, where we are dedicated to providing excellent customer service.
- OpenSky offers credit tips and a section dedicated to credit education on our website. This will help you in your credit journey and navigate the entire process.
A secured Visa(r) Card allows credit limits from $200 to $3,000 and requires a security deposit.
6. Secured Credit Card
First Progress Platinum Elite MasterCard(r).
- Get your card for individuals faster with the new expedited process option.
- There is no minimum credit score or credit history requirement to approve, offering flexible requirements.
- Apply online immediately and without credit checks through our straightforward application process.
- With Experian, you can view your credit score and monitor your credit.
- Secured credit card with full-feature Platinum Mastercard(r), Our Mobile App for Android Users! Perfect for emergency fund needs.
- These cards for individuals are perfect for renting cars and hotels and using other credit cards in our online marketplace.
First Progress Platinum Elite Mastercard(r) Secured Card has the lowest annual fees among all secured cards and is a convenient solution for many.
A prepaid Visa (r) and Mastercard (r) are also options.
A prepaid Visa/Mastercard is a good option for those who want to avoid paying interest or credit. Credit bureaus will not report your payment history.
Prepaid cards are available in the same manner as credit cards. Prepaid cards make it possible to pay for purchases online.
7. Brinks Prepaid Mastercard
- All our customers can feel secure and at ease with Brinks, especially when dealing with unexpected or emergency expenses.
- Brink’s direct debit makes it faster to get paid than with a paper cheque, offering Flexible amounts to adjust to your needs during financial hardship.
- The card is not a credit card, so there is no average interest rate or late fees, making it perfect for financial emergencies.
- The Brink’s Prepaid mobile application allows you to manage your account, providing convenient services such as text messages and email alerts.
- Member FDIC.Card issued and maintained by Republic Bank & Trust Company. This card can be used wherever Mastercard Debit cards will be accepted.
- Additional Brink’s Prepaid MasterCard(r) details.
8. PayPal Prepaid Mastercard(r)
- Transfer money to your prepaid account using your PayPal account.
- You can get real cash back just by using your card.
- Direct deposit works faster than paper checks, offering many transaction possibilities.
- The Bancorp Bank Member FDIC issued this card. This card can be used anywhere Debit Mastercards are accepted – an attractive option.
- For more information and to request a card, click PayPal Prepaid MasterCard(r). Experience a streamlined application process and exceptional service.
9. Prepaid card
With Netspend Direct Debit, you’ll get paid quicker than a paper check, ensuring timely payments.
- The card is not a credit card, so there are no late fees or interest, and Social Security backs it.
- There are no Overdraft fees for purchases made with your card.
- Manage your account from anywhere with the NetSpend mobile application. You also have the option to receive text messages and email alerts.
- Member FDIC. You can use your card wherever Visa Debit cards will be accepted.
- Additional NetSpend(r) and Prepaid Visa(r) details.
Prepaid cards offer convenience and ease without worrying about getting into debt. However, you can’t use the card to build or establish credit. For those who need a simple method for transactions without the risk of overspending, prepaid cards can be an excellent option.
Prepaid Cards can be a great option for people who want to make small and easy purchases. Prepaid Cards are only recommended for some who want to improve their credit score or credit history. Yet, they can be an ideal solution for immediate access to funds, as many prepaid cards offer Daily Cash deposits and approvals in minutes. This allows users to make a financial decision within minutes, making prepaid cards an excellent option for those seeking a quick, hassle-free payment method. However, for those looking to build long-term credit, it is important to consider other alternatives, as prepaid cards won’t contribute to credit building.