Both a prepaid credit card and a secured a credit card offer guaranteed approval for applicants. If you have a bad credit or no credit history, here is your guide to acquiring a guaranteed approval credit card:

 

Check out a credit card comparison website. You have a wide range of choices of cards with instant approval in the market. To save time looking at the other cards that do not meet your needs, you can visit a credit card review website or a comparison website. Go straight to their list of prepaid credit cards or secured credit cards to know your potential choices.

Spend more time evaluating. Since you are guaranteed to get an approval, take time evaluating your choices. Read credit card reviews, consider the rating given to each card and check out forums that discuss about guaranteed approval cards.

Compare costs and features. For a secured credit card check out the APR, late penalty fee, over-the-limit fee, annual fee, and other transaction charges. For a prepaid debit card, check the “per transaction” fee and annual fee as well. Consider the features offered and see if they complement your lifestyle.

[Article: Who Would Benefit From Using Guaranteed Approval Credit Cards?]

Ensure credit reporting system. See to it that your prepaid card or secured credit card issuer will report your payments to the major credit bureaus. You can’t use it for rebuilding your credit if it does not provide this service.

Analyze the fine print. The terms and conditions for each credit card differ, depending on the type of card and the issuer. Some people don’t bother to read the fine print and they soon find themselves stuck with the wrong card. If you don’t want unwelcome surprise, read and understand the terms and conditions in your contract.

Carefully fill out your online application. After doing research and comparison, it’s time to fill out your application. Before clicking on the SUBMIT button, double check your application to make sure that you have not entered any incorrect information. Never submit multiple applications to different issuers as doing so can badly affect your credit score. Submit only an application once you’re sure that you have found the right guaranteed approval card for you.

[Article: Instant Credit Approval Credit Card – Is It A Wise Choice?]

About the Author
Melanie Mathis is a credit analyst and a writer for 8 years. She has been participating in the programs of NHBS, Inc such as their continuous effort in giving out Free Credit Repair and Building Ebook. NHBS also has a list of recommended Instant Approval Credit Cards
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About Melanie Mathis

Melanie Mathis is a credit analyst and a writer for 8 years. She has been participating in the programs of NHBS, Inc such as their continuous effort in giving out Free Credit Repair and Building Ebook. Connect with Melanie Mathis on Google+

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