Are there credit cards for bad credit with no deposit and instant approval?

There are credit cards for bad credit with no deposit and instant approval. But it’s not quite as simple as it sounds. Credit cards for bad credit with no deposit are unsecured cards. There are lots of them. And there’s the possibility of instant approval with any card you can apply for online. But it’s never guaranteed. Instant approval tends to happen when your credit and income are better than the card’s requirements. You’ll also need to make sure all your personal information is correct. The company needs to verify it to instantly approve you.

The best credit cards for bad credit with no deposit and instant approval are the Credit One Bank Platinum Visa and the NASCAR Credit Card from Credit One. The Platinum Visa card offers a credit line of at least $300 and charges $0-99 in fees per year. The NASCAR Credit Card also gives you a $300+ spending limit and charges $0-99 per year. Both are available to people with poor credit and let you apply online, and both give you at least 1% cash back on all purchases.

There are some other contenders, too. They include the Milestone Mastercard and the Indigo Mastercard for Less than Perfect credit. Neither of these cards give rewards, but they also won’t charge one-time fees, which certain unsecured cards for bad credit do. 

Best credit cards for bad credit with no deposit and instant approval:

• Credit One Bank Platinum Visa for Rebuilding Credit: 1% cash back on eligible purchases. $0-$99 annual fee, depending on your credit. Minimum credit limit of $300.
• NASCAR Credit Card from Credit One Bank: 2% cash back at NASCAR.com, 1% cash back on other eligible purchases. $0-$99 annual fee, depending on your credit. Minimum credit limit of $300.
• Milestone Mastercard: No rewards. $35-$99 annual fee, depending on your credit. Minimum credit limit of $300.
• Indigo Mastercard for Less than Perfect Credit: No rewards. $0-$99 annual fee, depending on your credit. Minimum credit limit of $300.
  
• First Access Visa: No rewards. $89 one-time fee. $75 annual fee first year, $48 after. Minimum credit limit of $300. 
• Total VISA Credit Card: No rewards. $89 one-time fee. $75 annual fee first year, $48 after. Minimum credit limit of $300.

As you can see, several cards come with a one-time fee. Most cards call this a “processing fee” and make you pay it before you can use your account. It’s basically like an extra annual fee for just the first year. 

Yes, there are. One of them is the Credit One Platinum Visa for rebuilding credit, which even gives you 1% cash back on your purchases.