Unfortunately, if you’re on the hunt for a credit card that offers a guaranteed approval and a limit of $1000, you may run into some roadblocks. Unless you possess an exceptional credit score, it’s unlikely that you’ll be able to find a card that meets these exact specifications.
To begin with, it is important to note that there is no credit card issuer that provides guaranteed approval. Even sub-prime options that don’t conduct a credit check will require you to demonstrate your age, employment status, and income. Additionally, it can be quite challenging to obtain an unsecured credit card with a credit limit of $1000 when you have bad credit.
Looking for a solution to the problem of getting accepted for a credit card? Look no further than secured cards. These cards not only offer a higher chance of acceptance, but they often provide credit lines of $1000 or more. It’s important to note that the credit you receive is typically equal to the amount of security deposit you put down. While we can’t guarantee acceptance or a credit limit of $1000, the below options are your best bet for achieving both.
1. Total Visa Card
The Total Visa credit card is a great option for those who have no credit history, as it almost guarantees acceptance of your application. Even if you don’t have any credit history, you’ll still have a high chance of being accepted for this card.
Before signing up for the credit card, there are a few things to consider. Your credit limit will be based on the security deposit you provide. To receive a credit limit of $1000, you must ensure that your deposit is of equal value.
Total Visa’s APR of 29.99% is among the highest in the market. Additionally, the card requires an upfront initial fee of $89, an annual fee of $79, and a monthly fee of $6.25 starting from the second year. While this may seem like a lot, if you have no other options, this card can still help you establish your credit score before you can move on to more preferable alternatives.
2. OpenSky Secured Visa Credit Card
The OpenSky Secured Visa Credit Card is an option worth considering. What sets it apart from other cards is that it doesn’t require a credit check during the application process. To be approved, you only need to provide verification of your age, income, and employment status.
If you’re 18 years or older and have a steady income, you’re likely to be approved for the card with a minimum security deposit of $200 and an annual fee of $35. This option is great for individuals who want to establish or fix their credit history because the card reports to all three major credit bureaus. However, keep in mind that this is a secured card, so you’ll need to deposit $1000 to enjoy the same spending power.
3. Green Dot Primor Visa Gold Secured Credit Card
The Green Dot Primor Visa Gold Secured Credit Card is an excellent option for several reasons. Notably, it provides a credit line of $200 to $5000, which depends on the value of your initial security deposit. Additionally, it has a fixed interest rate of 9.99% on purchases, which is highly reasonable, and it doesn’t have any hidden fees or penalty charges.
In addition, it provides credit reports to all three major credit bureaus, giving you the opportunity to enhance your credit score by being financially responsible. Moreover, there is no minimum credit score required to be eligible for this service. Whether you have no credit history or a poor credit score, you can still benefit from this program with a high chance of success.
4. First Progress Platinum Prestige Secured Mastercard
Take a look at the First Progress Platinum Prestige Secured Mastercard, which boasts some useful features. One of its major advantages is its high acceptance rate. You don’t need to have a minimum credit score to apply for it, and it’ll even consider those with no credit history. Additionally, your credit line is secured by a deposit of $200 to $2,000, which is fully-refundable.
Once the deposit is paid, you gain access to numerous benefits such as round-the-clock online account accessibility, the flexibility to clear your balance and retrieve your deposit at your convenience, acceptance worldwide, and a highly competitive variable APR of 10.74%.
5. Wells Fargo Secured Credit Card
By obtaining the Wells Fargo Secured Credit Card, you can enjoy an array of benefits such as a credit line that matches your security deposit, the opportunity to upgrade to an unsecured credit card by exhibiting responsible credit card usage, auto rental collision damage waiver, emergency card replacement, roadside dispatch, travel and emergency assistance services, cell phone protection, and many more consumer protection plans.
6. Discover It Secured
If you’re looking for a credit card but have bad credit, then you might want to consider Discover it Secured. This card offers some great benefits for its users, including a credit limit that matches your initial security deposit. Plus, if you use the card responsibly for 8 months, you’ll get your deposit back. But that’s not all – Discover it Secured also offers an impressive 2% cashback on purchases at restaurants and gas stations, along with 1% cashback on all other purchases. This is a rare perk for a card designed for those with bad credit, making it a very appealing option.
7. Aeromexico Secured Credit Card
Once you make a security deposit of $1000, you can enjoy some incredible benefits. It’s important to note that the security deposit is necessary to receive the equivalent amount in credit. However, once you complete this step, you can access some fantastic perks.
The Aeromexico Secured Credit Card not only provides protection against fraudulent activities and quick emergency cash and card replacement, but it also offers an impressive range of travel rewards. Members can earn one mile for every dollar spent on eligible purchases, receive 3500 bonus miles on first use, enjoy free baggage allowance, and earn double miles on purchases made at gas stations and grocery stores. Additionally, cardholders receive a complimentary companion certitude and a $99 companion certificate upon renewal of their credit card.
8. Harley- Davidson Secured Credit Card
Don’t worry if you have a less than perfect credit score or no credit history at all – you can still apply for a Harley-Davidson Secured Credit Card. This option offers a range of benefits such as automatic Bill Pay, online banking, no annual fee, card protection plans, travel benefits, and the opportunity to improve your credit rating. Your line of credit will be determined by the amount of your security deposit, as with all other secured cards mentioned.
9. First National Bank of Omaha Secured Visa Card
If you’re looking for a credit card option without any annual fee, the First National Bank of Omaha Secured Visa Card might be worth considering. You have the freedom to choose your credit limit, ranging from $300 to $5000, by providing the same amount as a deposit. If you keep up with your monthly payments, the deposit will be refunded in 11 months. Additionally, after 7 months, you can apply for a credit increase without any extra deposit. With a reasonable APR of 20.24%, this card is definitely worth exploring.
10. First Progress Platinum Elite Mastercard Secured Credit Card
Similar to the First Progress Platinum Prestige Secured Mastercard, the First Progress Platinum Elite Mastercard Secured Credit Card offers several impressive perks. You can secure a credit line that is equivalent to your security deposit, rebuild your credit score, benefit from a 20.74% APR, and there is no need for a minimum credit score or any credit history whatsoever.
If you meet the requirements for the Prestige card, you will also meet the requirements for the Elite card, and vice versa. While both cards offer similar benefits, the main factor to consider when choosing between them is whether you prefer the lower annual fee of the Elite ($29 compared to $49 for the Prestige) or the lower APR of the Prestige (10.74% versus 20.74% for the Elite).
Also Read:
- 10 Best Bad Credit Guaranteed Approval Credit Cards with $1000 Limits
- How to Obtain a Background Check for Free without a Credit Card?
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