If you have limited credit history or bad credit, you know how difficult it can be to get a credit card… and how stressful it can be to wait for your application decision. Fortunately, credit exists, even for borrowers with low credit scores, and not all issuers take an age to decide whether or not they want you as a customer. It is true that they are not always easy to find, and some will charge excessively high interest rates to mitigate the risks of making loans to clients with poor or unproven credit history. Fortunately for you, help is available; If you’re looking for 10 of the best instant approval credit cards for bad credit, read on.
1.OpenSky Secured Visa Credit Card
As long as you are at least 18 years old and have enough income to deposit the minimum $ 200 security deposit and keep up with ongoing monthly payments and the $ 35 annual fee, the OpenSky Secured Visa Credit Card offers guaranteed acceptance. . Other benefits include the ability to rebuild your credit rating (the issuer reports to the top three credit bureaus on a monthly basis), no monthly fees, and a very reasonable variable APR of only 19.6%.
2. One Bank Visa Platinum Credit for Credit Reconstruction
Just a few of the benefits of the Credit One Bank Platinum Visa for Credit Rebuilding include instant approval, a 1% refund on all eligible purchases, a decent $ 300 credit limit (with the opportunity to increase if required). responsible for your refunds), and a reasonable annual fee of $ 0 to $ 99 depending on your creditworthiness. If you’re looking for an instant approval credit card to help you build your credit score, this may be it.
3. Secured Credit Card First Progress Platinum Elite Mastercard
With an expedited processing option, you will know in less than a minute if your First Progress Platinum Elite Mastercard secured credit card application has been accepted. If it is (and with the broad acceptance policy from issuers, it most likely is), you will gain access to a $ 200 to $ 2000 line of credit (depending on the amount you deposit as a security deposit), the Pay your balance option and receive a full refund of your deposit, worldwide acceptance and, thanks to your monthly reports to the three loan agencies, the opportunity to rebuild your credit rating.
4. Capital One Platinum Credit Card
With no annual fee to consider, no foreign transaction fees, flexible payment terms, fraud protection, and free access to your credit rating, the Capital One Platinum credit card is a valuable addition to the wallet of anyone looking to a card to help you. rebuild your credit rating. While the initial credit line may not be the highest, Capital One will happily increase your credit limit after the first 5 months as long as you meet your monthly repayment schedule.
5. Find out for sure
Not many bad credit cards offer rewards other than easy acceptance, but Discover it Secured certainly does. Thanks to your 2% cash back offer on restaurant and gas station purchases, and 1% cash back on all other purchases, you have one of the most generous benefit packages of any card on our list. Please note, this is a secured credit card – to access a reasonable line of credit, you will need to deposit a security deposit of at least $ 200. While the initial deposit can be inconvenient, keep up with your monthly payments and in 8 months, Discover will ensure your return.
6. Capital One Journey Student Rewards
The first caveat: you must be a student to apply for this. If so, this is a great option to build your credit history and show your creditworthiness to future lenders. Along with instant approval of your application, Capital One’s Journey Student Rewards offers a variable APR of 20.24% -26.24% (which, while higher than premium cards, is still fair), a $ 300 credit limit that is subject to increase if you Make your first 5 payments on time and an unlimited 1% cash back on all eligible purchases. Unfortunately, there is an annual fee to consider, but at just $ 99, it’s more than reasonable considering the benefits on offer.
7. Amazon.com store credit card
It is true that this is a store card rather than a credit card, but if you are a frequent user of …