When you have bad credit, you may find it hard to get approved for a variety of things. Whether you are looking to sign up for broadband, a mobile phone contract, or buy a car, a poor credit score can make it difficult to do so. However, there are options available to you. One such option is guaranteed approval credit cards. These cards offer guaranteed approval, with minimal requirements.
Can I get approved for a credit card with a score of 500?
In order to qualify for guaranteed approval credit cards for bad credit uk, you should have a stable income and an active checking account. Some credit cards also require a security deposit. This amount is refundable after you’ve used the card responsibly.
While you’re looking for a guaranteed approval credit card, you’ll need to carefully compare your options. Compare the fees, rewards, and other features to determine whether the card is right for you. You should also check your credit score before applying. Checking your eligibility won’t hurt your credit score, but will give you a good indication as to whether you’ll be approved.
Guaranteed approval credit cards can be a great way to help you establish or rebuild your credit. Although they usually come with a higher interest rate, they’re worth the cost in the long run. Always pay your bills on time and charge the minimum balance to keep your credit rating high.
If you’re looking for a card to help you build your credit, check out credit builder cards. These are designed to help people who have limited credit histories to get a positive credit rating.