Gone are the days when a good credit history was the only way one could be approved to possess and use a credit card. Although a good credit report is a big plus for every individual, nowadays you can still get approved even if you have a bad credit or even lacks one! This is a milestone that credit card issuers must be thankful for since this move discriminates no one. The instant credit cards are approved within 24 hours in most cases after you place your application.
The application process is shorter since the card issuer doesn’t cross examine your credit history or even employment status. Since your credit history is not considered when making the card approval, some of the instant approval credit cards will need you to deposit a certain amount of cash into your account before using the card. When the money in your account gets depleted, you won’t be able to use the card unless you refresh the account. This is one of the best ways you can build up your credit. When you use your prepaid credit card responsibly, you will eventually be issued with a post-paid card just like other individuals.
There are credit card companies that issue instant credit cards to individuals with all types of credit ratings- no credit, poor credit, fair credit and average credit. The cards are issued almost immediately after the application. Here is a vivid description of the best instant approval credit cards for every credit score that is issued almost instantly.
Surge MasterCard Credit Card
This is among the best instant approval credit cards available for individuals without considering their credit rating or credit history. The application process is quite easy and the approval wait time is almost immediate. It comes with an initial credit limit of $500 for first applicants and depending on how responsibly you use the card and pay, it won’t take long before the limit is raised.
The good thing to those people who commit in making timely payments, the payment activity is reported to the three credit agencies on a monthly basis. This creates a large platform for you to improve your credit reports from either bad to fair or fair to good depending on where your score is today. You will also access your account online to stay in control of all the transactions that you make. Furthermore, Surge MasterCard can be used in all locations where MasterCard is located.
Fingerhut Credit Account
If your credit score is either bad or fair, then Fingerhut is ready to issue you with an instant credit card that you can use immediately. This credit card comes at a 0 percent annual rate which gives you the freedom to continue using it all year long as long as you make your monthly payments on a regular basis. It also gives you a chance to increase your buying power by reporting all timely monthly payments you make to the three credit reporting agencies. To make it even easier for you, there are no application fee charges. Since no good credit history is needed and application fees do not apply, then anyone can qualify and receive this credit card at their own time.
There is also no APR introduction charges as well as charges related to balance transfers.
With all these benefits, then you are guaranteed a boost in your credit rating as long as you make your monthly payments on time.
24K Prepaid Visa RushCard
This is a prepaid credit card that requires you to first deposit cash into your account before using it to make payment for any transaction. There is no credit check and the only thing required of you is the ID verification only and you are good to go. To add onto this, there is no minimal balance required for the card to be issued or to remain in force. In case your balance is running low, an alert is at work to remind you that you need to top up your balance to continue enjoying the services. The same applies if the deposit you make is successful.
The Zero visa visibility policy ensures that your card is fully protected in case it gets lost or stolen.
This means that you do not have to worry on how to recover your balance the two aforementioned cases happen. In terms of bill payment, you can actually pay your rent or any other bills online which is very convenient. However, there are monthly fees each member pays for using the card.
Pink NetSpend Visa Prepaid Card
This card gets approved without having your credit score in mind. Only you need to do is to deposit cash into your account and start paying for bills. The prepaid version is most suitable for guys who could be having bad credit, damaged credit or without credit history at all. Since it is not a credit card, NetSpend helps you build on your poor credit history and eventually get yourself out of the bad credit bracket to a fair or even good bracket category. This is possible because all the payments you make are reported to the credit agencies.
Since Pink Netspend is not an ideal credit card, there is no late fees or credit card debt that you may incur. You can also earn yourself cash back rewards by signing up for the payback rewards. In addition, you can stay in control of your account. There are real-time message alerts to keep you tracking your transactions and in case there is an alarm. Lastly, you can enjoy managing your account at the comfort of your home by downloading and installing the mobile application on your cell phone.
Prima Secured Visa Gold Card
The prima secured visa gold card is a type of secured credit card suitable for individuals with limited credit or no credit at all. Once you place an application, it is approved instantly and in no time you will be able to deposit any amount of money in your account and start making purchases. Throughout this process, you will live without any type of credit card debt which will automatically boost your credit score. If you constantly put money in your savings account, you will end up being given a real credit card with a credit limit. This means you can make purchases using the credit card depending on your credit limit and pay for it at the end of every month.
There is no credit needed for your application to be approved. All you need is your personal information and you leave everything to the card issuer to finish the remaining part. If you use this card responsibly, you will be able to repair your damaged credit. This gives you a chance to get yourself a good rating since all payments that you make on a timely basis are reported to the credit agencies.
First Progress Platinum Prestige MasterCard Secured Credit Card
There is no credit history or even minimum credit score required for your card request to be approved. Anyone who is willing to have it can have it without hassle. The application is basically online and thus it is time-saving. The application takes a very short time and can lead to an instant approval. You can quickly secure a credit line after paying a fully refundable deposit of between $200 and $2,000 which should be paid at the time of application. The good thing is that this money is refundable once you clear off your balance.
You also have unlimited access to your account through the online portal. One can also use First Progress prestige secured MasterCard to pay for hotel accommodations, car rentals and just anywhere credit cards are accepted. The annual fee payable for using this card is $44. That is the only expense any member has to incur every year.
OpenSky Secured Visa Credit Card
Don’t worry or get concerned about how your credit score is right now because with OpenSky secured visa credit card, there is no cross-examination of your credit history before your credit card request is approved. This card issuer believes that every person deserve a credit card and no one should be barred from getting one irrespective of their credit history or credit rating. Immediately after your application has been accepted, you can deposit a refundable deposit with the lowest amount being $200. The amount you deposit becomes your credit limit and upon payment, your deposit will immediately be refunded to your account.
Since OpenSky reports all payments to the three credit reporting agencies, making timely payments can be a big plus for you and with time your credit score will quickly change and become better. Moreover, you can get yourself real tips on how to quickly improve your score by reading the tips provided on their website. The annual fees for using this particular credit card is $35 and the regular APR is about 18.14 percent although this is variable.
Horizon Gold Credit Card
This is another incredible credit card that gets approved instantly after you submit your application. You can just submit your application online and as soon the application is received, you only need to wait for a few hours and get your card. If you have bad credit or fair credit, you shouldn’t worry at all. You have no reason to hesitate to submit your application. Your bad credit is not an issue. It is not even considered. It comes with a 0 percent APR and the initial credit line is $500. Apart from all types of credit approval, your employment is also not checked. This means that every individual who wants to get this instant credit card can actually have it at any time.
Another good point one should note with Horizon Gold Credit Card is that its credit limit is unsecured. Besides this, all your payments are reported to the credit reporting agencies and this can have a huge positive impact especially if your payments are made on time. The annual fee every individual is required to pay for this card is $24.95 and if you have plan membership benefits, they will be auto debited monthly.
Unity Visa Secured Credit Card
If you have been a victim of bad credit and you have been looking for a credit card issuer that does not consider your bad credit as a risk to their business, then Unity Visa Secured Credit Card is one of the best in the market. To start with, there is no application fee charged on new applicants who want to have this credit card. Secondly, all card holders have 24/7 access to their account and can, therefore, monitor their spending habits in real time.
At the time of submitting your application, one needs to have a fully refundable FDIC security deposit of at least $250. This will also act as your credit card limit. Upon making the first payment, your deposit will be fully refunded to your account. On the other hand, all the payments that you make will be reported to the credit bureaus. This can be a good approach if you are looking forward to enhancing your credit score. It has a regular fixed APR rate of 17.99 percent and the annual fees is $39.
Having bad credit or no credit history should not be an obstacle for you to obtain a credit card. The self-disastrous thing you can do unto yourself is to allow your current poor credit score dictate your future financially. That should never be the case. You have to use that score as a stepping stone to get better things instead. Start by getting an instant credit card for your own personal use. After that, use the card to build your financial muscle and creditworthiness with time, you will realize you are in the good credit score bracket. The above list contains the best instant approval credit cards for every credit score giving you a variety to choose from.