Instant Approval Guaranteed Credit Cards For Bad Credit

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Getting approved for a new credit card can be a great way to help you rebuild your credit, even if you have bad credit. But it’s important to know what type of card you’re applying for.

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Some credit cards are unsecured, meaning you don’t have to put any money down when you get them. However, unsecured cards typically have higher interest rates, making it harder to pay off debt. In addition, unsecured cards may not offer any rewards.

A secured card, on the other hand, is a good option for people with thimbl. – guaranteed credit cards for bad credit. It’s more likely to help you build credit because it presents lower risk to the lender. Also, secured cards often have lower APRs. These lower APRs make them more affordable in the long run.

The Bank of America Custom Cash Secured Card is one of the best instant approval secured credit cards for bad credit. It offers a wide range of options, and requires a credit line of $300. A $200 deposit is required. It also features a low annual fee, and offers 1% cash back on gas and grocery purchases.

Another great choice is the Discover it(r) Secured Credit Card. This card offers a zero annual fee, 1% cash back on gas and grocery purchases, and reports payment activity to the major credit bureaus. Upon responsible use, you’ll get your security deposit back.

When applying for a credit card, pay close attention to the fine print. It’s easy to be confused by the terms of an unsecured card targeted to people with bad credit. Some of these cards have high fees and opaque terms.

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