If you are looking for guaranteed approval in the world of credit cards then you will be searching for a long time. Especially if it is something as specific as guaranteed approval credit cards with $1,000 limits for bad credit. But, there are still options that are available that give you the best chance of approval and you can probably get a $1,000 limit.
By Matthew Coan
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The main option would be with secured credit cards. Secured credit cards require you you put down a security deposit that usually acts as your credit limit. So if you have access to $1,000 then you can get approved for a secured credit card and have a $1,000 limit on it. After you have used your secured credit card to help improve your credit score to the level that you want it at, as long as you have paid off your balance on your card, then you will get your initial deposit back.
Use our partnered CardMatch Tool to find cards that give you a good chance at guaranteed approval with a $1,000 limit. The Cardmatch program works to find you a specific credit card issuer that has targeted offers geared towards you and your credit profile.
Even if you have a bad credit score it is possible to find offers with the Cardmatch Tool. And you don’t have to be worried about credit checks. This tool uses a soft credit check so there will be no impact on your credit report.
If you find that none of the cards in the results from the Cardmatch Tool fit your needs, then you can check out other options for credit cards for bad credit. Like we said before you can always apply for a secured credit card, put a deposit down, and then use it to help with your daily spending and improve your credit score.
As far as unsecured cards and getting guaranteed approval credit cards with $1,000 limits for bad credit, it can be quite hard to do. First off, it is hard to predict what you credit limit will be on any unsecured credit cards. More often then not you won’t know your credit limit until after you are approved.
And getting approved for an unsecured credit card with poor credit is quite difficult as well. Again your best option is to see what your results are in the Cardmatch Tool.
Best Secured Options For Guaranteed Approval
But we have options for you. You can go the secured credit card route in getting a guaranteed approval credit card with $1,000 limit for bad credit. All you need to do is compare all of the available options, select the card that works best for you, fill out the applications, send in your deposit, and you will be good to go. Secured credit cards are actually a great option for people looking for guaranteed approval who have bad credit.
Many of them come with tools that help you monitor your credit score and show how much progress you are making and what else you can do to improve it. Here is what we think are great options for a secured credit card that you can qualify for with bad credit and get a $1,000 limit.
Opensky Secured Visa Credit Card
The OpenSky Secured Visa Credit Card is a good option if you are looking for a guaranteed approval credit card with $1,000 limits for people with bad credit. Again, approval is not guaranteed with any credit card application, but if can put down a deposit then you increase you approval odds.
This secured card reports to all major credit bureaus and they have helpful tools to help you monitor and improve your credit score along the way. Most secured credit cards do have an annual or monthly fee, but the fee for the Open Sky secured credit card is on the low end when it is compared to other cards.
- The Opensky Secured Card Is One Of The Best Cards Available. Here Are Some Key Features In Our Opensky Credit Card Review
- Visa branded, which means it’s accepted at most places worldwide
- Super fast and easy application process
- In as few as 6 months you could be eligible to move to Opensky’s unsecured option
- Reports monthly to all 3 major credit bureaus
- Your initial deposit will be your credit limit
- You can choose any available payment due date to fit your schedule
We have found that the Opensky Secured Card is one of the best options available when you are looking into a guaranteed approval card. And when you are done using this card, or you move to their unsecured option, as long as you are in good standing with them you get your initial deposit back.
Making it a fully-refundable deposit as long as you make all of your payments on time and have paid off any remaining balance that you have. The tools and tips that they provide are top notch compared to other credit cards in this category. Which will give you the best chance to improve your credit card.
Capital One Platinum Secured Credit Card Is A Great Option From A Well Know Company.
Here Are Some Key Takeaways
- There is no annual fee with the Capital One Secured Card
- Additional fees are kept at a minimum compared to other secured cards
- Find out if your approved in seconds (find their application through our Credit Cards For Bad Credit page)
- It is possible to have a credit limit higher than your initial deposit
- Over time, with responsible use, you could be granted a higher credit limit without making an additional security deposit
- Capital One has many unsecured cards that you can graduate to after you improve your credit score
- Find out more about the Capital One Platinum Secured Credit Card by going through our Credit Cards For Bad Credit Page
Discover it® Secured Credit Card Is A Rewards Card That Also Helps You Improve Your Credit Score.
Here Are Some Key Features
- No annual fee, which is awesome for a secured card
- You have the ability to actually earn rewards with the money you spend on it
- Get your updated credit score included with your monthly statement
- After a certain period of time, your account gets reviewed to see if you can graduate to one of Discovers unsecured card options
- Included are some other great benefits that come with other of Discovers unsecured card options
- You can find out more and the application for this card by going through our Credit Cards For Bad Credit Page
These are our top 3 options when it comes to finding guaranteed approval credit cards with $1,000 limits for bad credit. We think that if you go with one of these options you give yourself the best chance to find what you are looking for along with being set up right to improve your credit score over time. Get your credit score up won’t happen over night. But if you have the right plan in place and you stick to it, with the right credit card helping you, you will see the results you want.
Then you will find that you can start taking advantage of the best unsecured credit card offers available to help maximize your finances to get the most out of them. Remember to do your homework. If you decide to apply for one of these 3 cards (or any other secured credit cards) make sure to understand everything that comes with them and also how to stay on track with what you spend as well.
CardMatch Tool
As we mentioned before it is always good to check the CardMatch Tool and see what you results are before you apply. It is a free option that allows you to enter some simple personal information and it generates credit card results that are being targeted towards you and your credit profile. If you are looking for guaranteed approval credit cards with $1,000 limits for bad credit then the CardMatch Tool is a great place to start to see what options might be available.
Again, just because a card shows up in your CardMatch results does not mean that you are guaranteed to get approved. It just gives you options for an issuers financial product that you are most likely to qualify for. The best part is that there is no hard credit check when using this tool. So you can check your results as often as you want to see if there are any new offers.
Guaranteed Approval Credit Cards With $1,000 Limits For Bad Credit Tips:
We know that it can be hard to find the best credit cards to qualify for when you have bad credit credit. We have outlined some of the best ways to do just that and give you the best chance to qualify no matter what fico scores you have. Here are some important things to remember when looking into getting a secured or unsecured credit card.
There will most likely be annual fees associated with the card that you want. This annual fee is just part of the business in providing people with bad credit the financial products they need to help improve their credit score. It also helps most of these products provide you with tools and tips to help get your credit score higher. The best option that we have found is the Opensky Secured Credit Card as far as fees go.
You can expect higher interest rates with any credit cards products that are focused on people with bad credit. So be sure to make on-time payments so that you don’t incur any interest charges.
Choosing the right financial institution for your guaranteed approval credit card with $1,000 limit for bad credit is very important. You want a company that has a good reputation and that actually wants to help you improve your credit. The 3 cards we featured above are great options.
Once you have your credit account established with your new credit card be sure to check all the benefits and features that come with it. Some of these can be very helpful in telling you what to focus on to help you get a good credit score.
If you apply for an unsecured credit card and get approved it is possible that your credit card limit will be lower than what you expected. That is ok because you can still use it to help bring your credit score higher if you use it correctly. Remember to pay your bill on time and in full to maximize the results you get with it.
After a decent period of time, as long as you are in good standing with your secured credit card, you may be given the opportunity to move to an unsecured credit card. If so then you will get your initial security deposit back that you used for your secured card.
Be on the look out for additional fees when it comes to any credit card products. There are some companies that throw these in and they may catch you by surprise. The 3 featured credit cards above do a great job at keeping these at a minimum.
Don’t be tempted by things like cash advances and balance transfers. These are things that will not help you in the long run when trying to get the credit score that you want.
You got this. While it may not be the glamorous thing to get an unsecured credit card, the sooner you start with it the sooner you can get to the credit score you want. Take advantage of the things that come with them. Remember that secured credit cards exist to mainly help people improve their credit score so that they once again have a good credit history and get where they want to be financially.
By now you should know all of the best options when it comes to finding guaranteed approval credit cards with $1,000 limits for bad credit. Along with all the tips and tricks that you need to utilize it to help you get the excellent credit score that you are looking for. We know that it can be hard and intimidating when trying to get a credit card when you have bad credit.
The first year of trying to improve your credit can be a hard one, but well worth it if you stick to a plan. And the first part of that plan is getting the right credit card, with the tools and tips you need. Just by doing the research you are right now is a huge step on the right direction.
Credit card companies offer these products for a reason and there are many people that take advantage of them. So you are not alone. Bad credit credit cards are a big business and someone like you can use it to your advantage to help you get to a better financial situation.
About the author: Matthew Coan is the founder of Casavvy and a credit card expert. He has appeared in various media outlets including Yahoo Finance, Credit Karma, Market Watch, Mens Journal, and more. Continue reading