easy approval credit cards
Getting credit can be easy when you know where to look and you do your research. There are different kinds of credit cards that are easy approval. Knowing where to look can be challenging, but the reward can be significant.
There are websites that will allow you to compare different cards. This way you can find out what kind they are, what interest rates they charge, and what company you will be doing business with.
If you are struggling with poor credit or no credit, what you need is an easy approval credit card. In fact, all charge cards are genuinely simple to get–all that is required is a straightforward online application and backers will let you know whether you qualify in only a few minutes.
However, if your FICO score is causing you to struggle with getting approved for a new credit card, you will be happy to know that you still have a lot of good credit card options out there. Many of these cards are lower limit cards. If you utilize these cards for normal monthly expenses and pay them off up to 90% each month, you will notice your FICO increase month over month.
These kinds of cards have an easy application process and great results for easy approval. These are used by people to build credit or rebuild credit. They require that the applicant put money down. The way it works is that the applicant puts a few hundred dollars on the card and they can use that money to buy things.
As they continue to make purchases and make timely payments, the company will approve additional credit that can be used for purchases. This is a great way to rebuild credit if it has been damaged in the past. Therefore, the interest rates are sometimes higher. Some companies that offer secured credit cards include:
Unsecured credit cards are issued by banks with no need for a deposit. They provide a quick and easy approval. When you apply for the card, the issuing bank will decide how much money they want to give you access to for purchases. The better credit history you have, the higher the credit limit will be. Additionally, as you make payments on time and use the card responsibly, the bank will increase your credit line. Some of the companies offering unsecured credit cards include:
The better your credit, the lower the interest rate and the higher your credit limit. If you have poor credit, you might only get approved for cards that have high interest rates, processing fees, and even monthly fees.
Sometimes, store credit cards are the best cards for getting an easy approval. They can only be used at the store you are applying to and many offer easy approval odds. Many store cards will come with store discounts and other benefits.
Just like with all other credit cards, the issuing bank will decide if they find you a good risk to offer credit to. There are many different store and catalog credit cards that you can consider applying for. For instance, Kohl’s, Macy’s, Best Buy, and Walmart have their own cards that they offer for use in their stores or online.
Catalog companies are a little bit different. You can only use them to buy things offered in their catalog or online. This kind of credit is good to help you rebuild bad credit, but the items in the catalogs are sometimes more expensive than items found in traditional stores.
Some of these stores include Fingerhut, Swiss Colony, Seventh Avenue, and Harry and David. Your odds of easy approval are probably the highest with a catalog company.
Fair credit simply means that your credit score is in the “reasonable” range (650-699). So your credit is a little discolored, however, nothing that can’t be altered with a little help. There are currently five great choices for easy approval cards that ought to be simple for you to get.
Each of the following cards has decent incentives attached. For example, cash back, or rewards towards travel and so forth. With fair credit, you should be able to obtain a card with no annual fee.
The above cards are all great choices for individuals with a fair to good credit rating. The odds of easy approval are very good.
Now if your credit score has dipped below 650, all is not lost. There are easy approval options out there for you as well. The cards listed below are some you may want to consider to help you rebuild your credit.
Credit One Bank–Credit One has helped millions of people rebuild their credit by approving them for a credit card. This card has been especially designed to help individuals rebuild their credit. Their first year annual fee is $0-$99. You will most likely get a limit of credit set at $300 when first opening account. Your account will be reviewed periodically for increase of credit line.
Indigo is a company that will most likely approve a person with bad credit for a card. Granted, there is an annual fee to and interest to consider. The annual fee of $0-$99 will definitely limit your use of the card but if you are simply looking for a card to help you restore your credit, this is one you may consider. Use it sparingly and pay it off each month and you will see the results in a gradual rebuilding of your credit score.
Milestone Master Card–This credit card has an annual fee of $35-$99. The credit limit for this card is $300. Annual fee is charged on the first statement which of course will lower your spending limit. This credit card even offers cash back awards of 1% on many purchases.
Surge Master Card–Rest assured that this card as well as the others listed are legitimate. Of course, you will still have the annual fee of $75-$99 to deal with. In addition, after your first year, there will also be monthly fees of $10 to be aware of. However, the potential for a higher credit limit is greater than other cards. If your credit limit reaches $750, monthly fees will not be imposed.
The above cards have benefits that you need to consider. They all report to the three major credit bureaus. Responsible use of your card will improve your credit rating. In addition, you can “pre-qualify” for these cards without harming your credit score. Their sole purpose is not for a lifetime of use but rather to help you improve your credit.
The easiest way to apply for a credit card is usually online on a company’s website. You will just have to fill out some basic information, like name, address, phone number, social security number, and income. It is an easy approval process. The company then uses an algorithm to determine if you are creditworthy.
If you are approved, you usually get the decision within seconds and your card will be sent to your address with all the accompanying paperwork. With the advent of the internet, companies have made it very easy to get a credit card. Gone are the days of filling out the form, mailing it in, and waiting to see if you get approved. Some cards, like Kohls, will give you your account number through email so you can use it right away.
The ultimate goal of obtaining any of the above cards is to raise your credit score. Once you achieve this, your options will be wide open. It will take time and diligence but a low credit score does not have to remain there.
The above options will help you to achieve that goal. Once you have raised your score, you are free to apply for a card with no annual fees and lower interest rates and one that even offers rewards. Consider the above cards as stepping stones to a higher credit score.
Getting a credit card is one of the most ideal approaches to start repairing your credit. In any case, there are a couple “principles” to keep in mind to direct you towards the most ideal result. Before you apply, here are some essential tips to consider:
Knowing your credit score is essential if you want easy approval on some of the best credit cards. Knowledge is power. Once you know you can begin working on it. You are entitled to receive a copy of your credit report at no cost every year. You can visit the website AnnualCredit Report and request a copy. Also, consider monitoring your credit with a free online credit monitoring site. CreditKarma is one that millions use.
As you examine your credit report, look for ways you can improve your score. Look for items that may affect your score adversely and focus on repairing these. Not only will checking your credit regularly help you comprehend what’s going with your credit report, it can also likewise shield you from future negative effects of identity theft or credit card fraud.
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