Guaranteed Approval Credit Cards

Guaranteed credit card approval is something of a myth. No credit card offers 100% guaranteed approval. There’s always some requirement you have to meet, whether it’s reaching a certain creditworthiness level, spending less than you earn each month or simply having a Social Security number. But offers that require a refundable deposit come pretty close to being guaranteed approval credit cards. The deposit on these so-called secured credit cards usually acts as your spending limit, which prevents you from spending more than you can afford to repay. And that reduces the risk for credit card issuers, allowing them to approve more applicants. Secured cards also report information to the major credit bureaus on a monthly basis. So if you pay your bill on time and avoid maxing out your spending limit, your credit standing will improve.

Take note, however, that even the approval requirements for secured cards vary by issuer. For example, some credit card companies will reject applicants who have a recent bankruptcy or open tax lien listed on their credit report. Keep that in mind as you consider the (nearly) guaranteed approval credit cards listed below (some of which are from WalletHub partners). If you’d like a recommendation, you can also check out WalletHub’s picks for the best credit cards with high approval odds, at the bottom of the page.… show moreshow less