Easy Credit Cards To Get Approved For
Easy credit cards to get approved for help you build credit when you don't have any credit history or your credit isn't very good. Although the cards that are easy to get approved for generally have low limits, fees and may require you submit a deposit, you can use these easy-approval cards to strengthen your credit down the road. You should thoroughly read and research any offer of credit before you accept a card, since easy credit cards to get approved for are often more expensive to use than typical credit cards.
- Capital One Secured Mastercard. The Capital One Secured Mastercard is an easy credit card to get approved for. You must provide the same sort of information you would for a normal credit card, such as your citizenship status and Social Security number, but your credit score and history is not a significant factor in approval. As with some secured cards, you must supply a minimum refundable deposit to Capital One as collateral for the credit line and your line is equal to your deposit amount; the minimum is $200 as of 2011. However, Capital One will still report your payment history to all three of the major credit bureaus -- Experian, Equifax and Transunion -- and you may get a credit limit increases if you make your payments on time. An APR of 22.9 percent applies as of 2011, and you may have to pay an annual fee of $29.
- Orchard Bank Classic Cards: Orchard Bank provides a line of easy credit cards to get approved for aimed at people who have fair or poor credit. An annual fee of up to $59 and a one-time processing fee of up to $39 may apply to new accounts as of 2011, and the limits are low, commonly around $200 to $300. The APR may go up to 19.90 percent as of 2011, but the secured card options have APRs of under ten percent.
- First Premier Credit Card. First Premier Bank offers a secured credit card that is easy to get approved for and extends the credit line beyond the security deposit amount. You can deposit the $95 minimum security for the card and receive a credit line of up to $300. The APR is 49.9 percent as of 2011, and other fees, such as an annual fee and processing charges, apply.