The best pre approved secured credit cards are the Indigo Platinum Mastercard and the Milestone Mastercard. Not only do they let you check for pre qualification, they require it before you can apply. By the way, getting pre approved for secured credit cards doesn’t mean you’re guaranteed acceptance when you apply. No credit card offers guaranteed approval. But if you do pre qualify for Indigo Platinum or Milestone, your chances of approval are very high.
Best Pre Approved Secured Cards - Milestone vs. Indigo:
Annual fee: Milestone charges a fee of $35, $59, $70, or $75 the first year, depending on credit worthiness. If it’s $70 or $75, it will go up to $99 after the first year. Otherwise, it stays at $35 or $59, whichever you originally had. Indigo also has three possible annual fees: $0, $59, or $75. The $75 fee is only for the first year, becoming $99 after.
APR: The Milestone APR and Indigo APR are both 23.9%.
Rewards: Neither card offers rewards.
Foreign transaction fee: Both cards charge a 1% foreign transaction fee.
Late fee: Both cards charge $38.
Pre approved secured credit cards don’t guarantee your approval. But the Milestone and Indigo cards both require you to pre qualify before you apply, and both make it easy to get approved. The biggest difference between the two cards is that with Indigo, you might end up paying a $0 annual fee, depending on your credit history.
I know Indigo has pre-approval as a requirement, like when you try to apply. As far as it being good, it's a secured card. Keep'em 'till your score goes up.
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