Are there any no approval credit cards?

no approval credit cardsNo approval credit cards are better known as guaranteed approval or instant approval credit cards. Going through a credit check is one step in the credit card application process. For those who have poor or no credit history, most credit cards would deny their application.

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For those who have a poor credit history, there are still options for credit cards. These credit cards work differently than regular cards, but on the surface and to the major credit bureaus they are the same. The cards that have guaranteed or instant approvals are known as prepaid or secured credit cards.

Credit History is Important to Credit Card Companies

Credit cards work as loans. When you make a purchase with one, you are essentially borrowing money from the credit card company. To make it worth their while, the companies then charge you an interest for the money you borrowed.

It is in your best interest to pay your credit card balance off completely every month. Most credit cards will give you a grace period after making a purchase to pay it back before the interest begins.

As with most other lenders, it is important to credit card companies to know how financially responsible the borrower has been in the past.

If there is a history of late payments, missed payments, or bankruptcy, there is a good chance that this trend will continue. That is why most credit companies will not approve an application of someone with poor credit. They are concerned they will not be paid.

Ideally, you want to increase your credit score as soon as you can. Although this takes time, you can do a number of things to help. Go to for tips on improving your credit score.

Getting a Credit Card with Poor Credit

If you have poor credit, your chances of getting a traditional credit card are slim; yet using a credit card responsibly can help to improve your credit score so it is a bit of a catch-22. Fortunately, there are other options for you if you cannot be approved for a traditional card.

any no approval credit cardsThere are two types of credit cards that you can get without having your credit checked. These are the prepaid credit card and the secured credit card.

The prepaid card is just as it sounds. You put money on the card and then you can use it like a normal credit card. You can have money deposited into an account that the card is linked to or you can go to your bank or credit union and pay cash for a card.

The prepaid card works similarly to a gift card or a debit card. You can only use it for the cash amount that is linked to the card. Once that money is gone, you can no longer use it. You can always continue to add money to the card or account so that its use is not interrupted.

A secured credit card is similar to a prepaid one. This is usually a card that you can get through your financial institution and is linked to one of your accounts; usually your savings account. Your credit limit on the card is equal to the amount of money you have in your account.

Fees That Might Be Associated with a No Approval Credit Card

Some prepaid and secured cards have fees associated with them, but they can vary greatly so it helps to do your research. Some cards will have an activation or deposit fee. Some may also have a monthly fee associated with the card. Others may have a fee that you pay on an annual basis. Some cards have one or two of these fees while others may have all of them.

Finding No Approval Credit Cards

You can find secured or prepaid cards in a number of places. If you do an internet search, you will find many companies who offer these cards. If you have had a credit card in the past, you may decide to contact the company and ask if they have any prepaid cards available.

A good place to check for secured or prepaid credit cards is where you do your banking.

Your bank is familiar with you already so it may be easier to get a credit card from there. One of your best bets for getting a secured credit card may be your credit union if you belong to one. There are usually fewer or no fees and the money that you don’t spend remains in your savings account earning dividends. To find a credit union near you, go to

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!