Secured Credit Cards for Bad Credit with After-Deposit Approval 5/5 (3)

secured credit cards for bad credit

Get secured credit cards for bad credit.

Secured Credit Cards for Bad Credit with After-Deposit Approval. One thing to consider with credit card approval is that many of them get credit cards. A secured credit card requires you to put down a security deposit, usually the amount of credit that will be extended to you – minus the processing fees, if any. This deposit is fully refundable if your account remains in good standing, and may even receive a small amount of interest in the process.

The advantage of a secured credit card is that even people with bad credit can usually get it. And because the issuers of these cards report to the three major credit bureaus, their proper and responsible use can help rebuild credit values.

First Progress Platinum Prestige Mastercard® Secured Credit Card

  • Receive Your Cards Faster with Faster Processing Options
  • No Credit History or Minimum Credit Score for Approval is required
  • Fast and Complete Online Application
  • Complete Secured Platinum Mastercard® Credit Card
  • Good for Car Rental, Hotels; Credit Card Anywhere Accepted!
  • Monthly Reporting for all 3 Major Credit Bureaus to Establish Credit History
First Progress Platinum Prestige Mastercard® Secured Credit Card

The First Progress Platinum Prestige Mastercard® is a secure card with a minimum deposit of $200 and allows up to $2,000. No credit checks are needed, making this a very good choice for those who have bad credit. This version of the Prestige card has an annual fee, but comes with a very competitive April, which makes this a better choice for people who carry balances from month to month. The use of this card is reported to the three credit reporting agencies.

OpenSky® Secured Visa® Credit Card

  • No credit check is required. OpenSky believes in providing opportunities to everyone.
  • Refundable deposits * that you provide are your credit line on your Visa card. Choose yourself, starting at $200.
  • Build credit quickly. OpenSky reports to the 3 major credit bureaus.
  • 99% of our customers who started without a credit score obtained a credit score record with the credit bureau in just 6 months.
  • We have a community of Facebook people like you; there is a forum to share experiences, and insights from others on our Facebook Fan page. (Search for “OpenSky Cards” on Facebook.)
  • OpenSky provides special credit tips and credit education pages on our website to support you so far.

The OpenSky® Secured Visa® Card allows for a credit limit of at least $200 and up to $3,000, with the appropriate security deposit. Applying for this card does not require a credit history, and there is no credit check. That makes an OpenSky secure Visa card ideal for someone with bad credit. The use of this card is reported to the three credit reporting agencies.

First Progress Platinum Elite Mastercard® Secured Credit Card

  • Receive Your Cards Faster with Faster Processing Options
  • No Credit History or Minimum Credit Score for Approval is required
  • Fast and Complete Online Application
  • Complete Secured Platinum Mastercard® Credit Card
  • Good for Car Rental, Hotels; Credit Card Anywhere Accepted!
  • Monthly Reporting for all 3 Major Credit Bureaus to Establish Credit History
First Progress Platinum Elite Mastercard® Secured Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card has the lowest annual fee of the guaranteed card. However, it does have a relatively high April variable. Therefore, the First Platinum Elite Progress card is a good choice for those who do not plan to bring the balance from month to month. Credit limits are between $200 and $2,000 based on your security deposit. There is no minimum credit score or credit history required for approval. The use of this card is reported to the three credit reporting agencies.

See also:   How to Increase Your 100 Points Credit Score in 4 Weeks

Prepaid® or Mastercard® Visas are Other Options

If you are one of those people who like the convenience of using a card but don’t like the idea of a dealing with credit or potential interest fees, a prepaid Visa or Mastercard might be right for you. Prepaid cards will not require a credit check to qualify, your payment behavior will also not be reported to the credit bureau.

Prepaid cards can be used instead of credit cards for many situations, including making purchases both in-store and online. However, unlike credit cards, prepaid cards are not attached to the credit line; instead, the card will use pre-loaded funds to pay for purchases. This can also be reloaded as needed, sometimes at a very simple cost, or even free. Here are some of our main options:

Pink Netspend® Visa® Prepaid Card

Pink Netspend® Visa® Prepaid Card
  • With Netspend Direct Deposit, you can be paid faster than paper checks
  • There are no late fees or interest fees because this is not a credit card.
  • Use the Netspend Mobile Application to manage your account on the go and get a text message or email alert (Message & data rates may apply).
  • Get your tax return deposited directly into your account and no longer queue up to cash your checks!
  • Cards issued by MetaBank®, FDIC Members. Cards can be used wherever a Visa Debit Card is accepted. “Register Now” for full details.

Brink® Prepaid MasterCard

Brink® Prepaid MasterCard
  • Brink will provide comfort and peace of mind that you really deserve. Securing cash and valuables since 1859.
  • With Brink Direct Deposit, you can get paid faster than paper checks.
  • There are no late fees or interest fees because this is not a credit card.
  • Use the Prepaid Money Brink Mobile Application to manage your Card Account on the go and register to get a text message or email alert (Message & data rates may apply.)
  • Depends on card activation and ID verification. Applicable Terms and Fees. Issued by Axos Bank®, FDIC Member. Click for full details.
  • See additional MasterCard Prepaid Brink Details.

Netspend® Visa® Prepaid Card

  • With Netspend Direct Deposit, you can be paid faster than paper checks
  • There are no late fees or interest fees because this is not a credit card.
  • Use the Netspend Mobile Application to manage your account on the go and get a text message or email alert (Message & data rates may apply).
  • Get your tax return deposited directly into your account and no longer queue up to cash your checks!
  • Cards issued by MetaBank®, FDIC Members. Cards can be used wherever a Visa Debit Card is accepted. “Register Now” for full details.

Prepaid cards are a great way to experience plastic comfort, without the potential for debt or the difficulty of skipping credit circles. However, the fact that a prepaid card doesn’t report to a credit bureau can be a double-edged sword, because even if you don’t have to worry about your card that has an impact on your credit, you also can’t use a prepaid card to create or build a credit profile.

In other words, prepaid cards can be a good choice for consumers who want to make a comfortable and cash-free purchase, but that is not a good choice for people who want to improve their credit history or credit score. https://bit.ly/2Ufu6Ql

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