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Guaranteed Approval Credit Cards: $1,000 to $5,000 Limits for Bad Credit

Below is a list of guaranteed approval credit cards for those with poor credit and and bad adverse credit scores. Acceptance of your application is mostly assured because there is no hard inquiry and the requirements to be approved are relatively easy (eg security deposit for a secured Visa card, some minimum income or simply having a debit card) even if you have very low credit scores. Credit limits range from $1000 to $5000 and are quite generous.

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Extra Card

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $7 
$7 
APR: N.A. 
N.A. 
Credit Limit:  
 
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Self -Credit Builder Account + Secured Visa® Credit Card

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 23.24%*V 
23.24%*V 
Credit Limit: Min $100 
Min $100 
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OpenSky® Secured Visa® Credit Card

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Annual Fee: $35 
$35 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 17.64%*Variable 
17.64%*Variable 
Credit Limit: $200 to $3,000 
$200 to $3,000 
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First Progress Platinum Prestige Mastercard® Secured Credit Card

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Annual Fee: $49 
$49 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 10.24% 
10.24% 
Credit Limit: $200 - $2,000 
$200 - $2,000 
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First Progress Platinum Select Mastercard

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Annual Fee: $39 
$39 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 14.24%*V 
14.24%*V 
Credit Limit: $200 - $2,000 
$200 - $2,000 
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First Progress Platinum Elite MasterCard® Secured Credit Card

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Annual Fee: $29 
$29 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 20.24%*V 
20.24%*V 
Credit Limit: $200 to $2,000 
$200 to $2,000 
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Buy On Trust Lending

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: Varies 
Varies 
Credit Limit: Up to $5,000 
Up to $5,000 
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Net First Platinum

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $14.77 
$14.77 
APR: 0% 
0% 
Credit Limit: $750 Limit 
$750 Limit 
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Freedom Gold Card

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $14.77 
$14.77 
APR: 0% 
0% 
Credit Limit: $750 
$750 
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Merit Platinum

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $14.77 
$14.77 
APR: 0% 
0% 
Credit Limit: $750 
$750 
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Unique Platinum

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Annual Fee: $0 
$0 
Application Fee: $0 
$0 
Monthly Fee: $19.95 
$19.95 
APR: 0% 
0% 
Credit Limit: $1,000 
$1,000 
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Oakstone Secured Mastercard® Gold Credit Card

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Annual Fee: $39 
$39 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 14.24%*V 
14.24%*V 
Credit Limit: $200 - $5,000 
$200 - $5,000 
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Oakstone Platinum Mastercard

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Annual Fee: $49 
$49 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 9.99% 
9.99% 
Credit Limit: $200 - $5,000 
$200 - $5,000 
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Reflex MasterCard®

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Annual Fee: See Terms* 
See Terms* 
Application Fee: See Terms* 
See Terms* 
Monthly Fee: See Terms* 
See Terms* 
APR: 24.99%-29.99%*V 
24.99%-29.99%*V 
Credit Limit: $300-$1,000 
$300-$1,000 
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Surge MasterCard®

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Annual Fee: See Terms* 
See Terms* 
Application Fee: See Terms* 
See Terms* 
Monthly Fee: See Terms* 
See Terms* 
APR: 24.99%-29.99%*V 
24.99%-29.99%*V 
Credit Limit: $300-$1,000 
$300-$1,000 
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Destiny Mastercard

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Annual Fee: $59 - $99 
$59 - $99 
Application Fee: $0 
$0 
Monthly Fee: $0 
$0 
APR: 24.9%*V 
24.9%*V 
Credit Limit: $300 
$300 
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Our Current Best Recommendations for 2022

Below is a list of our recommended credit cards and debit cards that guarantee approval with very minimal requirements that do not require a hard inquiry.

Extra Card

extra debit card


Who is this card for? - The Extra Card is a debit card that is for the rebuilder who has a checking account and does not need or want a credit line and get into more debt (which is impossible with a debit card). It is ideal as a rebuilder who wants to rebuild his/her credit without any risk of getting into more debt. Those with other card with low credit limit can also make use of this card as a tool to charge all your expenses.

Requirements - All you need is a checking account.

Why We Like This Card? - We like this card because being a Mastercard Debit Card, you can use it anywhere Mastercard is accepted. Furthermore, as the Extra Card is one of the extremely rare debit cards that report to credit bureaus, you can rebuild your credit without getting into more debt. The $7 monthly fee is also very reasonable.

Cardholders Comments - Here are a couple of cardholder comments on the Extra Card.

After a nasty divorce my credit score went down from 750 to 580. Even with a 580 credit score I got denied by my bank's secured credit card and other unsecured cards. I got easily approved for Extra and for me, the $7/month is definitely worth it to rebuild my credit. At the same time, I got a Self acccount and later their secured Visa and after a year and a half, my credit score has increased by 100 points to 680.



Monthly Fee - $7
Regular APR - None as it is a debit card
Requirements - Need a checking account.

Read our review of the Extra Debit Card


Self Secured Visa

Self Secured Visa


Who is this card for? - The Self Secured Visa is ideal for those who want to rebuild with a secured credit card but do not have the funds for the security deposit. As a credit builder card, Self allows you to deposit a fixed amount into your Self account every month until you meet your security deposit target. Once that is achieved, you will get your secured credit card.

Requirements - No credit checks. You simply need to make your payments to fund your security deposit.

Why we like this card? - We like the Self Secured Visa because it allows those of you who are strapped for cash to slowly build up savings by starting a "credit builder account" with them. While you build up your savings via a monthly deposit, you build up your credit as well because they are reported to the credit bureaus. Self also does not check your credit so you will definitely be approved.

Cardholders Comments - Here are a couple of cardholder comments on the Extra Card.

I’ve had them for 1.5 years and currently have a secured card for $1850 through them. They have absolutely raised my score and updated all positive history.

Annual Fee: $0
Regular APR: 23.24%
Requirements - None
Credit Limits - Varies

Read our Self Secured Visa


Opensky Credit Card

opensky


Who is this card for? - The Opensky Secured Visa Credit Card is for rebuilders who want to rebuild their credit using secured credit cards and have been denied for other secured credit cards (you may be surprised that this happens more often than you think). It is also for rebuilders who only have Western Union or Moneygram because Opensky allows you to fund your security deposit via Moneygram or Western Union. The minimum security deposit requirement is low at $200 (which is refundable when you close the card) is very affordable to start your rebuilding process.

Requirements - Approved if you fund your security deposit.

Why We Like This Card? - We like Opensky because it is one of the best known and reputable secured credit card in the rebuilder world. Lots of people recommend this card because it has been around long enough and is very reliable in their credit bureau reporting. Their $35 annual fee is also very reasonable considering that they will guarantee your approval as long as you fund your security deposit.

Annual Fee - $35
Regular APR - 17.39%
Requirements - Fund your security deposit
Credit Limit - $200 - $3,000

Read our review of the Opensky Secured Visa


First Progress Platinum Select Mastercard Secured Credit Card

first progress select mastercard
Who is this card for? - The First Progress Select Mastercard is for those looking for a secured credit with a reasonable annual fee and APR. It is ideal for rebuilders with very low credit scores or even those who have been discharged from bankruptcy and are looking for a secured credit card to rebuild without incurring any hard inquiries. As there are no credit checks, it is essentially a guaranteed approval secured credit card with a credit limit up to $2,000.

Requirements - No credit checks. Acceptance is assured as long as you fund your security deposit (which sets your credit limit).

Why we like this card? - We like the First Progress Select Mastercard because there is no credit checks and you will definitely be approved as long as you fund your security deposit. Both the annual fee and APR are reasonable and you will be able to check your Vantage score from Experian every month for free.

Annual Fee - $39
Regular APR - 19.99%
Credit Limit - $200 - $2,000.

Read our review of the First Progress Platinum Select Mastercard.


Oakstone Gold Mastercard Secured Credit Card

oakstone gold mastercard


Who is this card for? - The Oakstone Gold Mastercard is a guaranteed approval secured credit card with credit limit up to $5,000 (your credit limit is guaranteed based simply on your deposit amount). It is for the rebuilder who wants to rebuild with a secured credit card but does not want to incur a hard inquiry on their credit report. Oakstone does not perform any credit checks and your application will definitely be accepted as long as you fund your security deposit and have a checking account. The credit limit ranges from $200 to $5,000 and your credit lines is determined by you and guaranteed based on your deposit.

Requirements - You need a checking account and have to fund your security deposit (which sets your credit limit) to get approved.

Why we like this card? - The Oakstone Gold Secured Mastercard is another card that guarantees your approval as long as you fund your security deposit and if you have a checking account. You can deposit up to $5,000 and hence set your credit limit at that amount. The annual fee of is $39 and APR of 19.99% is pretty reasonable as well. In addition to this, you will also get a free Vantage score from Experian.

Annual Fee - $39
Regular APR - 19.99%
Credit Limit - $200 to $5,000

Read our review of the Oakstone Gold Secured Mastercard.


Buy On Trust Lending

buy on trust lending


Who is this card for? - The Buy On Trust Lending is an electronic store on the web where you can make purchases and get them picked up at your nearest Best Buy store. Buy on Trust reports to all three major credit bureaus and does not perform any credit checks or hard inquiry. They are ideal for rebuilders who would like to get their electronics on a "lease to buy" basis and rebuild their credit at the same time, who want to avoid a hard inquiry and also a credit instrument that can get them up to $5,000 in credit limits.

Requirements - You need a monthly income of at least $1,000 for 3 months from the same source/employer and also a checking account with no NSF issues. There are no credit checks performed.

Why we like this card? - We like Buy On Trust because not you can buy any electronics that is available at Best Buy Stores and is one of the very rare lease to buy electronics store tht actually reports to credit bureaus. There is also no credit checks (no hard inquries) which will be greatly appreciated by those who cannot afford another hard inquiry on their credit report. Instead, the requirements are that you need to show you have 3 months of income of at least $1,000 from the same source and a checking account with no overdraft or NSF. It is ideal if your income is direct deposited into your bank account. If you meed these requirement, then your approval is almost assured and guaranteed and your credit limit can max out at $5,000.

Annual Fee: $0
Membership Fee: $0/month
Credit Limit: Up to $5,000

Read our Review of Buy on Trust Lending


Unique Platinum

unique platinum


Who is this card for? - The Unique Platinum is a guaranteed approval credit card with a $1,000 credit limit without no security deposit rewquired that is ideal for those who have been constantly rejected and denied for other rebuilder credit cards and are looking for a credit line with a decent limit and no credit checks. People who have really bad credit scores in the low 500s or even 400 can get approved.

Requirements - Requires you to have a debit card. There are no credit checks and approval is guaranteed as long you have a debit card.

Why we like this card? - We like the Unique Platinum because you can get a starting credit limit of $1,000 which you can use at www.myuniqueoutlet.com. Unique Platinum also reports to TransUnion and you also get benefits like Roadside Assistance and Legal Assistance as part of their membership benefits.

Annual Fee: $0
Membership Fee: $19.95/month
Regular APR: 0%
Starting Credit Limit - $1,000.

Read our Review of the Unique Platinum


FREQUENTLY ASKED QUESTIONS

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What's a guaranteed approval credit card?

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What's a guaranteed approval credit card?


A guaranteed approval credit card is one which does not perform any credit checks and you will definitely be approved as long as the information on your application form is correct or if you meet certain very easy requirements. For example, the secured credit cards listed on this page will approve you as long as you fund your security deposit.

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Can I get declined for any of these credit cards on this page?

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Can I get declined for any of these credit cards on this page?


As long as you fill in your application correctly (no wrong addresses for example), you should be approved. In the case of the secured credit cards listed on this page, you will be approved but will only get your card once you have deposited your security deposit.

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Are there guaranteed approval credit cards with $1,000 limits with no deposit?

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Are there guaranteed approval credit cards with $1,000 limits with no deposit?


Yes there are. For example, the Unique Platinum gives you a starting credit limit of $1,000. Buy on Trust Lending will give you a credit limit of up to $5,000. Secured credit cards allow you to set your own credit limit based on your deposit and you can deposit $1,000 if you have some spare cash.

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Are there guaranteed approval credit cards with $10,000 limits?

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Are there guaranteed approval credit cards with $10,000 limits?


No there isn't. But what you can do is to combine a few of these credit cards on these page and cumulatively, you could get a credit limit approaching $10,000.

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Can I get a credit card with 500 credit score?

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Can I get a credit card with 500 credit score?


All the cards on this page will approve you even if your score is 500 or below.


This list of guaranteed approval credit cards is independently curated by Ask Mr Credit Card Inc.

 

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