Did you know that millions of Americans struggle with bad credit? According to recent studies, approximately 34% of Americans have credit scores below 670 – a range considered to be below average or poor credit. This can make it difficult for individuals to get approved for traditional credit cards or secure loans.
Fortunately, there are options available for those with bad credit who need access to credit. In this article, we’ll explore the 12 best cards for guaranteed credit approval with no deposit. These credit cards offer a lifeline to individuals looking to rebuild their credit profiles and regain financial stability.
Key Takeaways:
- Millions of Americans have below-average or poor credit.
- Having bad credit can limit access to credit cards and loans.
- The 12 best cards for guaranteed credit approval with no deposit provide a lifeline to those with bad credit.
- These cards allow individuals to rebuild their credit profiles and regain financial stability.
- It’s important to consider the fees, APR, and credit limits when choosing the best card for your needs.
Total Visa Card
The Total Visa Card is an unsecured credit card designed specifically for individuals with bad credit. This card offers guaranteed approval and does not require a security deposit, making it an attractive option for those looking to rebuild their credit.
Although the Total Visa Card provides a pathway to credit for individuals with poor credit scores, it’s important to note that it does come with some fees. These fees include a program fee, an annual fee, and monthly and annual fees in subsequent years.
Despite the fees, the Total Visa Card can still be a suitable choice for those who are unable to provide a security deposit. By responsibly managing the card, individuals can improve their creditworthiness over time.
The Total Visa Card is a practical tool for improving one’s credit standing without the need for a deposit. While it’s essential to consider the associated fees, this credit card can offer a valuable opportunity for individuals to regain control of their financial future.
Revvi Card
The Revvi Card is another unsecured credit card that is specifically designed for individuals with bad credit. It offers guaranteed approval, making it an attractive option for those who have been denied by other credit card issuers. One of the key features of the Revvi Card is that it does not require a security deposit, which can be a significant advantage for individuals with limited funds.
In addition to guaranteed approval and no deposit requirement, the Revvi Card also provides cardholders with the opportunity to earn cash back on their purchases. With a 1% cash back reward rate on all purchases, individuals can start rebuilding their credit while enjoying the benefits of cash back.
Furthermore, the Revvi Card does not impose a minimum credit limit, allowing cardholders to have more flexibility in managing their finances. This can be particularly helpful for individuals who are looking to responsibly build their credit without being limited by a low credit limit.
“The Revvi Card offers guaranteed approval, no deposit requirement, and the opportunity to earn cash back – making it a great option for individuals with poor credit.”
It is important to note that while the Revvi Card provides many benefits, it does come with some costs to consider. The card does have one-time fees, which will be charged upon approval. Additionally, the Revvi Card has a high regular APR, so it is advisable to pay off the balance in full each month to avoid accruing high interest charges.
Overall, the Revvi Card is a valuable option for individuals with poor credit who are looking to rebuild their credit history. With guaranteed approval, no deposit requirement, and the opportunity to earn cash back, the Revvi Card provides a pathway towards financial stability and improved credit standing.
Revvi Card at a Glance:
| Features | Details |
|---|---|
| Guaranteed Approval | Yes |
| No Deposit Requirement | Yes |
| Cash Back Rewards | 1% on all purchases |
| Minimum Credit Limit | None |
| One-Time Fees | Yes |
| Regular APR | High |
Milestone Mastercard
The Milestone Mastercard is a great choice for individuals with below-average credit scores who are seeking guaranteed approval credit cards with no deposit. This card offers a $0 security deposit requirement and provides a credit limit of up to $700. It is an excellent opportunity for those looking to rebuild their credit without having to put down a deposit.
However, it’s important to note that the Milestone Mastercard comes with certain fees and charges. Cardholders will need to pay high membership fees, and there is also a high regular APR associated with this card. Additionally, there are foreign transaction fees for any purchases made outside of the United States.
Benefits of the Milestone Mastercard:
- Guaranteed approval for individuals with poor credit
- No security deposit required
- Credit limit of up to $700
Considerations:
- High membership fees
- High regular APR
- Foreign transaction fees
Despite the fees and charges, the Milestone Mastercard can still be a valuable tool for improving credit scores and financial stability for individuals with poor credit.
| Card Name | Security Deposit | Credit Limit | Membership Fees | Regular APR | Foreign Transaction Fees |
|---|---|---|---|---|---|
| Milestone Mastercard | $0 | Up to $700 | High | High | Yes |
Overall, the Milestone Mastercard is a viable option for those who are looking for guaranteed approval credit cards with no deposit. It provides an opportunity for individuals with poor credit to rebuild their financial standing, although it is essential to carefully consider the associated fees and charges before making a decision.
Indigo Mastercard
The Indigo Mastercard is another unsecured credit card option for individuals with bad credit. It offers guaranteed approval and does not require a security deposit, making it an attractive choice for those looking for no deposit credit cards with easy approval. With a credit limit of $700 or more, cardholders have the opportunity to manage their expenses effectively.
While the Indigo Mastercard provides an opportunity for individuals to rebuild their credit, it’s essential to consider the associated costs. The card does come with high membership fees and a high regular APR, which could impact the overall cost of using the card. Additionally, individuals who frequently travel internationally should be aware that foreign transaction fees apply.
Key Features:
- Guaranteed approval
- No security deposit required
- Offers a credit limit of $700 or more
Considerations:
- High membership fees
- High regular APR
- Foreign transaction fees
Quote:
“The Indigo Mastercard provides individuals with bad credit the opportunity to access credit without requiring a security deposit. However, it’s crucial to carefully review the associated fees and APR to make an informed decision.”
Fortiva Mastercard
The Fortiva Mastercard is a credit card designed specifically for individuals with bad credit. It offers guaranteed approval and does not require a security deposit, making it an attractive option for those looking to rebuild their credit. One of the notable features of the Fortiva Mastercard is its cash back rewards program, allowing cardholders to earn rewards on their purchases.
With the Fortiva Mastercard, individuals can enjoy a credit line of up to $1,000 without the need for a security deposit. This can provide financial flexibility and help individuals cover unexpected expenses. However, it’s important to note that the Fortiva Mastercard comes with some fees and charges that cardholders should be aware of.
One of the drawbacks of the Fortiva Mastercard is its high membership fees. Cardholders may be required to pay an annual fee and other associated fees, which can add up over time. Additionally, the Fortiva Mastercard has a high regular APR, which means that cardholders should be mindful of carrying a balance and paying it off in full each month to avoid accruing interest charges.
Another factor to consider is the foreign transaction fees associated with the Fortiva Mastercard. If cardholders plan to use their card while traveling abroad or making purchases from foreign merchants, they can expect to incur additional fees for these transactions.
Overall, the Fortiva Mastercard can be a suitable option for individuals with poor credit who are looking to rebuild their credit history and enjoy the convenience of a credit card. Its cash back rewards program and no security deposit requirement make it an appealing choice. However, it’s crucial to weigh the membership fees, regular APR, and foreign transaction fees against the benefits of the card before making a decision.
Fortiva Mastercard Details:
| Feature | Details |
|---|---|
| Credit Line | Up to $1,000 |
| Security Deposit | No deposit required |
| Cash Back Rewards | Available |
| Membership Fees | High |
| Regular APR | High |
| Foreign Transaction Fees | Applicable |
Surge Platinum Mastercard
The Surge Platinum Mastercard is a legitimate credit card designed specifically for individuals with bad credit. It offers guaranteed approval, making it an accessible option for those who may have been denied by other credit card providers. The card reports to the three major credit bureaus, which is a crucial feature for individuals looking to rebuild their credit history. By making timely payments and managing their credit responsibly, cardholders can gradually improve their credit scores over time.
While the Surge Platinum Mastercard provides an opportunity for individuals with poor credit to access credit, it’s important to consider the associated fees and terms. The card does have high membership fees, which can impact the overall cost of using the card. Additionally, it has a high regular APR, so it’s essential to pay off the balance in full each month to avoid accruing interest charges. Cardholders should also be aware of foreign transaction fees if they plan to use the card for international purchases.
Benefits of the Surge Platinum Mastercard
- Guaranteed approval for individuals with bad credit
- Reports to the three major credit bureaus to help rebuild credit
- Opportunity to access credit without a security deposit
Considerations for the Surge Platinum Mastercard
- High membership fees
- High regular APR
- Foreign transaction fees for international purchases
Overall, the Surge Platinum Mastercard can be a valuable tool for individuals with poor credit who are looking to improve their creditworthiness. However, it’s crucial to evaluate the associated fees and terms to ensure that the card aligns with your financial goals and needs.
Pros
Cons
Guaranteed approval for individuals with bad credit
High membership fees
Reports to the three major credit bureaus
High regular APR
Opportunity to access credit without a security deposit
Foreign transaction fees
Considerations for the Surge Platinum Mastercard
- High membership fees
- High regular APR
- Foreign transaction fees for international purchases
Overall, the Surge Platinum Mastercard can be a valuable tool for individuals with poor credit who are looking to improve their creditworthiness. However, it’s crucial to evaluate the associated fees and terms to ensure that the card aligns with your financial goals and needs.
Pros
Cons
Guaranteed approval for individuals with bad credit
High membership fees
Reports to the three major credit bureaus
High regular APR
Opportunity to access credit without a security deposit
Foreign transaction fees
Overall, the Surge Platinum Mastercard can be a valuable tool for individuals with poor credit who are looking to improve their creditworthiness. However, it’s crucial to evaluate the associated fees and terms to ensure that the card aligns with your financial goals and needs.
| Pros | Cons |
|---|---|
| Guaranteed approval for individuals with bad credit | High membership fees |
| Reports to the three major credit bureaus | High regular APR |
| Opportunity to access credit without a security deposit | Foreign transaction fees |
Conclusion
For individuals with bad credit, guaranteed credit card approval with no deposit is a viable option. The Total Visa Card, Revvi Card, Milestone Mastercard, Indigo Mastercard, Fortiva Mastercard, Surge Platinum Mastercard, and other such cards provide various benefits and features to suit different financial needs.
It is crucial to consider the fees, including program fees, annual fees, and monthly/annual fees in subsequent years, as well as the APR and credit limits when choosing the best credit card for your specific circumstances.
By selecting the right no deposit credit card for bad credit, you can take a step towards rebuilding your credit history and improving your financial situation. Explore the options available and make an informed decision to secure a better future.
FAQ
What are the best credit cards for guaranteed approval with no deposit?
The best credit cards for guaranteed approval with no deposit include the Total Visa Card, Revvi Card, Milestone Mastercard, Indigo Mastercard, Fortiva Mastercard, and Surge Platinum Mastercard, among others.
Is the Total Visa Card a good option for individuals with bad credit?
Yes, the Total Visa Card is a good option for individuals with bad credit as it offers guaranteed approval and does not require a security deposit. However, it does charge high fees.
What are the benefits of the Revvi Card?
The Revvi Card offers guaranteed approval with no security deposit required. Cardholders can also earn 1% cash back on all purchases. However, it does have one-time fees and a high regular APR.
What is the Milestone Mastercard?
The Milestone Mastercard is a credit card for individuals with below-average credit scores who don’t want to put down a security deposit. It offers a
FAQ
What are the best credit cards for guaranteed approval with no deposit?
The best credit cards for guaranteed approval with no deposit include the Total Visa Card, Revvi Card, Milestone Mastercard, Indigo Mastercard, Fortiva Mastercard, and Surge Platinum Mastercard, among others.
Is the Total Visa Card a good option for individuals with bad credit?
Yes, the Total Visa Card is a good option for individuals with bad credit as it offers guaranteed approval and does not require a security deposit. However, it does charge high fees.
What are the benefits of the Revvi Card?
The Revvi Card offers guaranteed approval with no security deposit required. Cardholders can also earn 1% cash back on all purchases. However, it does have one-time fees and a high regular APR.
What is the Milestone Mastercard?
The Milestone Mastercard is a credit card for individuals with below-average credit scores who don’t want to put down a security deposit. It offers a $0 security deposit requirement and a credit limit of up to $700. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
How does the Indigo Mastercard work?
The Indigo Mastercard is an unsecured credit card for individuals with bad credit. It does not require a security deposit and offers a credit limit of $700 or more. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
What are the features of the Fortiva Mastercard?
The Fortiva Mastercard is a credit card for individuals with bad credit that offers cash back rewards. It provides a credit line of up to $1,000 with no security deposit required. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
Is the Surge Platinum Mastercard a legitimate credit card for individuals with bad credit?
Yes, the Surge Platinum Mastercard is a legitimate credit card for individuals with bad credit. It reports to the three major credit bureaus, allowing cardholders to build credit. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
What should I consider when choosing a guaranteed approval credit card with no deposit?
When choosing a guaranteed approval credit card with no deposit, it’s important to consider factors such as fees, APR, and credit limits to ensure it aligns with your financial needs.
security deposit requirement and a credit limit of up to 0. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
How does the Indigo Mastercard work?
The Indigo Mastercard is an unsecured credit card for individuals with bad credit. It does not require a security deposit and offers a credit limit of 0 or more. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
What are the features of the Fortiva Mastercard?
The Fortiva Mastercard is a credit card for individuals with bad credit that offers cash back rewards. It provides a credit line of up to
FAQ
What are the best credit cards for guaranteed approval with no deposit?
The best credit cards for guaranteed approval with no deposit include the Total Visa Card, Revvi Card, Milestone Mastercard, Indigo Mastercard, Fortiva Mastercard, and Surge Platinum Mastercard, among others.
Is the Total Visa Card a good option for individuals with bad credit?
Yes, the Total Visa Card is a good option for individuals with bad credit as it offers guaranteed approval and does not require a security deposit. However, it does charge high fees.
What are the benefits of the Revvi Card?
The Revvi Card offers guaranteed approval with no security deposit required. Cardholders can also earn 1% cash back on all purchases. However, it does have one-time fees and a high regular APR.
What is the Milestone Mastercard?
The Milestone Mastercard is a credit card for individuals with below-average credit scores who don’t want to put down a security deposit. It offers a $0 security deposit requirement and a credit limit of up to $700. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
How does the Indigo Mastercard work?
The Indigo Mastercard is an unsecured credit card for individuals with bad credit. It does not require a security deposit and offers a credit limit of $700 or more. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
What are the features of the Fortiva Mastercard?
The Fortiva Mastercard is a credit card for individuals with bad credit that offers cash back rewards. It provides a credit line of up to $1,000 with no security deposit required. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
Is the Surge Platinum Mastercard a legitimate credit card for individuals with bad credit?
Yes, the Surge Platinum Mastercard is a legitimate credit card for individuals with bad credit. It reports to the three major credit bureaus, allowing cardholders to build credit. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
What should I consider when choosing a guaranteed approval credit card with no deposit?
When choosing a guaranteed approval credit card with no deposit, it’s important to consider factors such as fees, APR, and credit limits to ensure it aligns with your financial needs.
,000 with no security deposit required. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
Is the Surge Platinum Mastercard a legitimate credit card for individuals with bad credit?
Yes, the Surge Platinum Mastercard is a legitimate credit card for individuals with bad credit. It reports to the three major credit bureaus, allowing cardholders to build credit. However, it does have high membership fees, a high regular APR, and foreign transaction fees.
What should I consider when choosing a guaranteed approval credit card with no deposit?
When choosing a guaranteed approval credit card with no deposit, it’s important to consider factors such as fees, APR, and credit limits to ensure it aligns with your financial needs.