Discover the top five strategies for obtaining guaranteed approval credit cards, including secured cards, prepaid options, student cards, authorized user benefits, and pre-approved offers. Tips to improve your chances and recommended cards are also highlighted for quick approval, making credit accessible regardless of your credit history.

Guidelines for Securing Guaranteed Approval Credit Cards

Credit cards offer easy access to funds and safe transactions, but approval can be difficult for some individuals. Fortunately, there are effective strategies to obtain guaranteed approval credit cards, even with limited or no credit history.

1. Choose Secured Credit Cards

These cards don’t require a credit check. Instead, applicants provide a security deposit matching the desired credit limit, acting as collateral. For instance, a $10,000 credit line necessitates a $10,000 deposit, simplifying approval regardless of credit score.

2. Opt for Prepaid Credit Cards

Prepaid cards are obtainable at banks and retail stores. Users load funds onto the card, which can be used like regular credit. They often offer benefits like cash back and no interest fees, with no approval process involved—ideal for those concerned about creditworthiness.

3. Apply for Student Credit Cards

Designed for students with limited credit history, these cards often do not require income verification or credit checks. Eligible students enrolled at certain institutions can get guaranteed approval, usually with no annual fee.

4. Add as an Authorized User

If a person with good credit adds you as an authorized user on their card, you can benefit from their approved status. This bypasses the approval process since the primary cardholder’s credit score is already established.

5. Look for Pre-qualified or Pre-approved Offers

Lenders often pre-screen candidates and extend pre-approval offers. Accepting these opportunities and applying promptly enhances your chances of approval, often with minimal additional checks.

Tips to Increase Guarantee of Credit Card Approval

Maintaining a high credit score, paying bills on time, ensuring steady income, and checking your credit reports regularly can improve approval rates. Avoid multiple hard inquiries, as they lower your score. Keep your reports clean and accessible to facilitate a smooth approval process.

Recommended Guaranteed Approval Credit Options

EQ Bank Secured Visa Card

Authorized user options - Scotiabank SCENE+ Visa, BMO CashBack Mastercard

Student cards - BMO CashBack Mastercard, CIBC Aeroplan Visa for Students