For the most part, those with decent or good credit have a fairly easy time being accepted for any credit card for which they might apply. And, considering I spend my days looking at credit card information in general, I thought I would share my input on what is the easiest credit card to get an approval for if you have a low or poor credit rating. Now, you shouldn’t see the card I mention here as though you are guaranteed to get approved for it, but your chances are really good.
Capital One Secured MasterCard
For those with bad credit, the Capital One Secured MasterCard can be a lifesaver to help rebuild your credit scores. Your initial credit line starts at $200 for this card and will require a deposit of somewhere between $49 to $200 depending on your current credit standing.
What you should take note of regarding this card, however, is that it is not a prepaid credit card, which means that if you make regular payments on the card and keep your credit moving in the right direction, you will be rewarded (so to speak) with higher and higher credit lines up to $3,000. Best of all, you won’t have to add any additional deposit if you wish to have your credit limit raised.
To apply, go click the “APPLY NOW” button over at the page for the Secured MasterCard From Capital One.
Why I Chose This Card
So here’s the thing, if you’re simply just looking for a card to have in your wallet that’s impossible to get denied for, just go get one from MasterCard’s Prepaid line. Those are not real credit cards, though, and they won’t do anything to help your credit score. The Secured MasterCard, on the other hand, will help you raise your credit (if you’re responsible with it, of course).
The fact of the matter is that if you have a low credit score, you’re just going to have a tough time with anything financial. I know, it’s rough that when you’re facing money problems that banks and financial institutions want to punish you by forcing you to pay more money because you don’t have any, but it’s just another part of the cold, unyielding reality of modern banks.