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*Guaranteed credit card with no credit check. Get an instant approval credit card with no turndown and no credit check.
* See website for Terms and Conditions
Tip: Do not get blinded by high rewards cards otherwise you may subject yourself to huge fees
If you have bad credit and have been turned down for an unsecured credit card, you can get a secured card or an unsecured merchandise card with instant approval
About guaranteed credit cards - Credit cards that offer guaranteed approval generally fall into two types 1) Stored value cards or 2) Shopping cards.
Guaranteed approval, stored value cards: These are credit cards in which you load funds into the account to pre-pay for any purchases made using the card. They are similar to bank debit cards, and can be useful to limit spending and avoid high interest charges associated with a standard, unsecured credit card.
Instant approval shopping cards: These cards allow you to make purchases, on credit, from a select catalog or online store. These are similar to retail credit cards, such as those offered by Sears, Home Depot, etc. Although the card can only be used for making purchases at only one resource, it nonetheless offers unsecured credit, meaning you do not have to pre-pay. For some purchases; however, that are a high dollar value, the issuer may require a partial pre-payment, but will extend credit for the remaining balance.
With an unsecured line of credit, even bad credit people have the ability to make purchases and repay on a monthly payment plan. As long as you are not currently in bankruptcy, and if you have a source of income and are a U.S. resident residing in the U.S., you already qualify for Shopping Platinum Credit Card. (See application Terms and details for qualifications).
Guaranteed Credit Card Approval Tips - Submitting a credit card application and crossing your fingers for approval isn't the smart way to apply. Credit card companies that offer high limit, low interest credit cards with rewards such as cashback, typically ask a host of questions including employment information. On top of that, they want permission to review your credit report as part of the application process.
Whether or not you will get approved for a high limit, low interest credit card with rewards depends on your credit history. So does the interest rate you'll be charged, the fees you'll pay, your credit limit and so forth.
So whether or not a credit card application requires a credit check depends on the risk the credit card company will face. Once again, those high credit limit, low interest rewards cards put the issuing company at high risk should a cardholder default.
When shopping for a credit card, shop similar to the way you'd look for a new car. If you have bad credit and don't have a lot of money, you'll need to borrow with an auto loan. If you know; according to your credit and income, that you won't qualify for a large loan amount, you won't even set foot on the lot of a luxury dealership.
To get guaranteed credit card approval, shop for credit cards in the same manner. Instead of applying for high risk credit cards that require a credit check, submit low risk bad credit card applications.
Although limited, there are credit cards for bad credit people. If your credit is so bad that you still can't qualify for a low limit, low risk unsecured credit card, consider a secured credit card. A secured credit card can also help rebuild credit, just be sure the issuer reports your timely payments to at least one credit bureau.
Tip: Some people think that if a credit card doesn't report to a credit bureau, that they can default on fees, payments, etc. But the truth is, even a credit card that doesn't report good timely payments will nonetheless report bad activity.
Wish you could get an instant approval credit card? Now you can! Choose your *guaranteed credit card above and *see website for terms and conditions.
Read our article about a platinum guaranteed credit card.
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If you don't activate a credit card, it can still be considered an available line of credit, unless it's from an issuer you never applied to. If; for example, you received a preapproved credit card in the mail and all you have to do is call the number to activate it, that would not be considered an available line of credit by the credit bureaus. But, if you applied for the card and it is then sent to you pending your "activation", then it is indeed considered an open, available line of credit by the bureaus. Some issuers require activating the credit card merely as a method to confirm to the issuer that you received it. Some issuers won't allow transactions on the account until that activation occurs. So if you applied for a credit card from the issuer and received it pending activation, it will likely appear on your credit report regardless if you activate it or not.
AccountNow.com Review - © Copyright 2010
AccountNow, Inc. All Rights Reserved.
* Data Source: Reloadable Prepaid Card Analysis, by Bretton Woods,
Inc., March 2011. Calculations based on Western Union and Ace Cash Express
fees. Cheaper alternatives may be available. For instance, the USPS charges
$1.10 each for Money Orders in the amount of $500 or less, as of June 2011.
Save up to $329 a year
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