Guaranteed Approval Credit Cards
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Immediate Guaranteed Approval of Credit Cards?
Lately, there are many advertisements on the internet offering immediate approval for credit cards with all kinds of benefits for customers with any credit situation. You are probably used to ads with exaggerated claims like these, but yet, you may wonder whether it is possible to obtain immediate approval for a credit card online without the hassles and paperwork that common credit card applications imply.
Truth is that though those ads that offer credit cards without conditions are mere exaggerations of credit card offers made by third parties and the advertisers just want to get hold of a customer like any other salesmen, there are still interesting offers on credit cards online that offer a swift approval process without many hassles. Nevertheless, you need to understand what kind of products you can obtain this way.
Fast Approval Process? What Is The Catch?
Guaranteed Approval Credit Cards
Online applications for credit cards are processed fast because the information is available instantly and everything, though reviewed manually in most cases, is processed first automatically. Once you fill the online application, the information is compared to credit records and you obtain an immediate prequalification that is almost always confirmed when reviewed.
This process limits the ability of those with very low credit scores to obtain credit cards by these means. Also, since the credit verification is not thorough and some mistakes can be made, the financial institutions often compensate this by offering immediate approval for credit cards with not so advantageous terms like high interest rates, renewal fees, etc. Sometimes the terms can be improved if you agree to upgrade your product and provide additional documentation backing up your claimed income.
Credit Card Online Offers: Limitations
Guaranteed Approval Credit Cards
Though you get approved almost instantly, you can not use your card right away because the card has to be issued, activated, etc. Thus, the only thing that is instant is approval; the rest of the process involved in obtaining your card takes the usual time, maybe a little less. Yet, knowing right away whether you are approved or not for the credit card you want is better than finding out a week later by mail that you have been rejected.
Also, as explained above your credit score and history will limit your ability to obtain a credit card online. Though there are some offers specially tailored for those that have a bad credit score, no credit at all or even past bankruptcies on their credit histories, the credit card products they can obtain usually come with high rates, low credit limits and sometimes even deposit requirements (secured credit cards).
The Advantage Of Online Application: Comparisons
One of the benefits you will obtain with online applications for credit cards is that you can analyze different credit card offers right away and make comparisons so as to see which product best suits you needs. This is very advantageous because you will be able to compare fees, costs and most importantly the APR which will give you an overall idea of how expensive will be financing with that particular credit card product so you can decide whether it fits your budget or not.
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Guaranteed Approval, Credit Card for Bad Credit?
I need a guaranteed credit card, no minimum balance, no checking/saving/credit card to apply. I have bad credit, but I’m a mom in need of some money quickly, but can pay it back. I need an actual CREDIT card with a credit line tho, not a prepaid credit card. HELP?!
Do any BANKS offer a guaranteed approval secured credit card?
The only one I found that offers 100% approval is Bank of America and that wont work because I owe them money.
I think its funny to deny someone a secured card when there is money backing it.
Applied Bank you have to have a checking account (which I do not have).
I am trying to fix my credit and thought secured would be the best way.
Thanks but I am sticking to only using my greendot cards for checking accounts.
Public Savings Bank has one of the best if not the best in the country http://www.Publicbankcard.com
Where can I find a guaranteed approval unsecured credit card for terrible credit?
Ive had a capital one already, thats the only one. Ive looked everywhere online and cant seem to find one, any help would be greatly appreciated, thanks
BAD
They do charge you 250 that is your limit you will be charges fees and high Rates
ONCE you cancel your FICO Score and CREDIT RATING is screwed
DO NOT DO IT
IT IS A SCAM
PERSONAL EXPERIENCE
After being scammed by Anacott Financial, has anyone found a “reputable” guaranteed approval credit card?
There are so many of us who feel we’ve been scammed by Anacott Financial … has anyone discovered a “reputable” guaranteed approval credit card … I’m pretty desperate–the transmission went on my car 3 weeks ago and I need to come up with $2500-$3000 FAST!!!
There are NO legitimate guaranteed approval credit cards, except for the secured cards. (Obviously, that won’t do you any good for this situation.) If you apply for any other so-called guaranteed card, your chances of being scammed are high, and your chances of being disappointed are pretty close to 100 percent.
If you are dealing with a transmission specialty shop rather than just a regular mechanic, I suggest you talk with the shop to see if they can arrange direct financing for your repair. Many transmission places know that it costs a bundle and have worked out deals for their customers. Ask if that’s possible at the shop you are going to.
Good luck. I know this is not what you wanted to hear, but I hope it helps.
The only ones that I know are legit are Orchard Bank, & Premier….I personally have had both cards…
FYI If you’re looking to get one of these two please go with Orchard Bank…First Premier Bank they have outrageous fees associated with their card for EVERYTHING whereas Orchard Bank I believeonly an annual fee that is pretty reasonable!