Only secured credit cards require a security deposit, which acts as a credit limit and prevents the cardholder from spending more than they can afford to pay back. With this card, though, your credit limit will be at least $300, without having to place a deposit.
Lastly, it's also worth mentioning that although most cards that accept bad credit scores are secured, the Indigo Credit Card is one of the very few exceptions.
Your Indigo Credit Card approval odds are pretty good as long as you aren’t carrying too much debt and you don’t have major red flags such as an ongoing bankruptcy on your credit report. You’ll need enough income to pay your bills each month, too. Applicants can get approved with a bad credit score of 639 or below, however, so even a low credit score shouldn’t hold you back.… read full answer
The Indigo Credit Card can help cardholders build or rebuild their credit scores. But before applying for the Indigo Credit Card, you should compare it to the other credit cards for bad credit that are currently on the market, to make sure you find the right fit. If you end up getting denied for the Indigo Credit Card, consider applying for a credit card with no credit check.
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