The Top 10 Best Guaranteed Approval Credit Cards with $1000 Limits for Bad Credit
Finding a guaranteed approval credit card with a $1000 limit can be a challenging task unless you have an excellent credit rating. Unfortunately, if your credit score is not up to the mark, you may struggle to find the card you need.
To begin with, it’s important to note that there are no credit card issuers that offer guaranteed approval, even if you opt for sub-prime options that don’t perform a credit check. You will still need to provide proof of your income, age, and employment status. Moreover, obtaining an unsecured credit card with a credit limit of $1000 can be quite a challenge if you have bad credit.
If you’re struggling to get approved for a credit card, consider exploring secured cards as a solution. These cards not only provide a higher chance of approval, but they also typically offer credit lines that can exceed $1000. Keep in mind that the credit limit is usually equal to the amount of security deposit you provide. While we can’t guarantee acceptance or a credit limit of $1000, we recommend exploring the following options for the best chance at both.
1. Total Visa Card
The Total Visa credit card tops our list for its exceptional feature of almost guaranteed acceptance, making it an excellent choice even for those without any credit history. Your application is highly likely to be accepted, regardless of your credit background.
Before signing up, it’s important to consider a few things when it comes to determining your credit limit based on the amount of security deposit you provide. For instance, if you wish to have a credit limit of $1000, you’ll need to make sure your deposit is of equal value.
Total Visa’s APR of 29.99% is one of the highest in the market. Additionally, an upfront initial fee of $89, an annual fee of $79, and a monthly fee of $6.25 from the second year are required. Although this may seem like a lot, if you have exhausted all other options, the card can help you improve your credit rating before moving on to more favorable alternatives.
2. OpenSky Secured Visa Credit Card
The OpenSky Secured Visa Credit Card is a unique option as it doesn’t require a credit check for approval. All you need to do is demonstrate your age, income, and employment status.
If you’re 18 years old or older and have a steady income that can cover the $200 minimum security deposit and $35 annual fee, approval for the card is highly likely. This is a great choice for individuals who want to improve or establish their credit since the card reports to all three major credit bureaus. However, keep in mind that this is a secured card, which means that you’ll need to deposit $1000 as security if you want to have the same spending power.
3. Green Dot Primor Visa Gold Secured Credit Card
The Green Dot Primor Visa Gold Secured Credit Card is a noteworthy inclusion in our list due to several reasons. Firstly, it provides a credit line ranging from $200-$5000 based on your initial security deposit. Secondly, it offers a very reasonable fixed interest rate of 9.99% on purchases, with no hidden fees or penalty charges.
In addition, it provides credit reports to all three major credit bureaus, giving you the opportunity to boost your credit score by practicing responsible financial habits. What’s more, there is no minimum credit score needed to apply for this service. This means that individuals with either no credit history or a low credit score have a high chance of being approved.
4. First Progress Platinum Prestige Secured Mastercard
The First Progress Platinum Prestige Secured Mastercard boasts several useful features that are certainly worth considering. Its most notable advantage is its high acceptance rate, which means you won’t need a minimum credit score and can still apply even if you have no credit history to show. Additionally, the credit line is secured by a deposit ranging from $200 to $2,000, which is fully refundable.
Once the deposit has been paid, you will gain access to numerous benefits, such as 24/7 online account access, the flexibility to pay off your balance and retrieve your deposit at any time, global acceptance, and a highly attractive variable APR of only 10.74%.
5. Wells Fargo Secured Credit Card
With the Wells Fargo Secured Credit Card, you get a credit line that matches the amount of your security deposit. Moreover, if you use your card responsibly, you can upgrade to an unsecured credit card. The card also offers additional benefits, such as auto rental collision damage waiver, emergency card replacement, roadside dispatch, travel and emergency assistance services, cell phone protection, and various other consumer protection plans.
6. Discover It Secured
If you have bad credit, you might find that Discover it Secured is the perfect option for you. This card comes with some excellent benefits for cardholders, including a credit limit that matches your security deposit. After eight months of sensible use, you can expect your deposit to be returned. Plus, you’ll earn an impressive 2% cashback on purchases made at gas stations and restaurants, and 1% cashback on all other purchases. It’s worth noting that not many credit cards for bad credit offer rewards, which makes Discover it Secured an even more appealing choice.
7. Aeromexico Secured Credit Card
Again, you’ll need to put down a security deposit of $1000 if you want the equivalent in credit, but once you do, you’ll get access to some very nifty benefits. In addition to offering zero fraud liability protection and emergency cash and card replacement, the Aeromexico Secured Credit Card has a great line up of travel rewards, including a membership scheme that gives you one mile per $1 dollar spent on all eligible purchases, 3500 first use bonus miles, complimentary baggage, double miles on purchases at gas stations and grocery stores, a complimentary companion certitude, and a $99 companion certificate with credit card renewal.
8. Harley- Davidson Secured Credit Card
Even if you hold no credit history or have a less then stellar credit score, you’re still in with a shot of getting a Harley- Davidson Secured Credit Card. Perks include access to automatic Bill Pay, online banking, no annual fee, card protection plans, travel benefits, and the chance to re-establish your credit rating. As with all other secured cards mentioned, the security deposit will determine your line of credit.
9. First National Bank of Omaha Secured Visa Card
With no annual fee; the option to determine your own credit limit of anything between $300 and $5000 by providing the equivalent in deposit (which will be returned in 11 months if you keep up with your monthly payments); the opportunity to apply for a credit increase without any additional deposit after 7 months; and a reasonable APR of 20.24%, the First National Bank of Omaha Secured Visa Card is well worth checking out.
10. First Progress Platinum Elite Mastercard Secured Credit Card
Like the First Progress Platinum Prestige Secured Mastercard (see number 4 on our list), the First Progress Platinum Elite Mastercard Secured Credit Card comes with some great benefits, including the option to claim a credit line equal to your security deposit, the chance to re-establish your credit rating, an APR of 20.74%, and no requirement for a minimum credit score (or indeed, any credit history at all). If you qualify for the Prestige, you’ll also qualify for the Elite (and vice versa). With both offering the same general benefits, the key to deciding between the two is working out if you prefer the lower annual fee of the Elite ($29 vs $49 with the Prestige) or the lower APR of the Prestige (10.74% vs 20.74% with the Elite).
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