A common misconception is that bad credit doesn’t allow you to obtain any type of credit card. Contrary to popular belief, there are actually a number of easy approval cards that you may be eligible for, even with little or bad credit.
Credit Cards in this category are categorized into two separate groups, unsecured cards and secured credit cards. Both options are made available for people with questionable or faulty credit history and scores. No matter what card you end up choosing, make sure to do careful research to help you understand which card will best suit your financial needs and assist you in repairing your credit score once and for all.
Secured Credit Cards
Secured credit cards can be used once you place an initial deposit down towards the card, generally within the same range as the maximum credit amount. The amount will vary based off of your company and plan, but you can generally find cards with max-out rates with as little as $50 or as high as $1,000.
These cards are generally designed and used to help individuals with corrupted credit scores to start the process of improving their credit. As one continues to make payments and build good credit with the card, the information will be recorded and then sent out to the payment bureaus helping people get back on the track of obtaining good credit.
Unsecured Credit Cards
Unsecured cards are the second route for people attempting to resolve their negative credit history. These cards generally come with significantly lower additional fees. However, when applying for these cards, many reports it can be a bit more of a difficult process and a number of people who qualify are far more limited.
Best Easy Approval Credit Cards
The Total Visa Card
This card is well known and appreciated by many with damaged credit scores looking for quick and efficient credit redemption. The application process is basic and once submitted, takes about one minute to receive a quick approval or denial. If you are successful in gaining approval for this Card, you will be billed a small fee for initial processing. The Total Visa Card will make reports every month regarding your payments and credit status so that you can stay on the path to efficient and easy credit rejuvenation.
Primor Secured Visa Gold Card
This is a popular option for easy approval credit cards and has a low, minimum initial payment of $200. This card provides people with an outstanding APR rate of 9.99%, making this an extremely practical choice for many people trying to receive quick approval and build their credit rapidly. Another plus side to this card is that unlike many cards, there is no monthly fee. They simply charge a yearly fee of $49, making this one of the most valued options regarding percentage rate. *Discover
Discover It Secured Card
Like the Primor Secured card, this credit card also has a bare minimum start-up deposit of $200. However, possessing this card cost no yearly fees. It also has a respectable 23.74% fixed APR that allows you to deposit a precise amount which will then generate an equal amount of credit for you to use. As long as you continue to stay on top of your bill and pay it fully each month, using this card will give you the capability of revamping your credit by simply spending cash you would have to spend anyway throughout the month.
Build Credit Responsibly
Simply put, load the initial amount you need to spend for the month on your card, and use it throughout the month to watch your credit score soar beyond belief. The most important thing you want to remember when using this card is to ALWAYS PAY IT ON TIME. If you keep this up, you will have the opportunity to build your credit every single day while not paying a dime of interest.