Several major banks offer credit cards that are relatively easy to get approved for, especially for individuals looking to build or rebuild their credit history. These often include secured credit cards, which require a cash deposit that typically acts as your credit limit, making them less risky for the issuer.
Banks known for offering accessible credit cards include Bank of America, Capital One, Citibank, and Credit One.
Credit Cards Known for Easier Approval
Many cards designed for those with limited or poor credit scores fall into the "easier approval" category. Here's a list of specific cards from major issuers that are generally more accessible:
| Issuer | Card Name |
|---|---|
| Bank of America | Bank of America® Customized Cash Rewards Secured Credit Card |
| Capital One | Capital One Platinum Secured Credit Card |
| Citibank | Citi® Secured Mastercard® |
| Credit One | Credit One Bank® Platinum Visa® for Rebuilding Credit |
Why Are These Cards Easier to Get?
Credit card approval largely depends on your credit score and financial history. Cards that are "easier to get" typically target individuals who are just starting their credit journey, have a low credit score, or have experienced financial difficulties in the past.
- Secured Credit Cards: A significant number of easy-approval cards are secured. This means you put down a security deposit, which typically becomes your credit limit. This deposit minimizes the risk for the bank, making them more willing to approve applicants with less-than-perfect credit. As you use the card responsibly and make on-time payments, you build a positive credit history, which can eventually lead to unsecured cards.
- Cards for Rebuilding Credit: Some cards are specifically designed for individuals looking to rebuild their credit. While they might come with higher fees or interest rates, their approval criteria are often more lenient.
Tips for Easier Credit Card Approval
Even with cards known for easier approval, there are steps you can take to increase your chances:
- Check Your Credit Score: Before applying, know where you stand. Many banks and online services offer free credit score checks.
- Apply for the Right Card: Research cards that align with your credit profile (e.g., secured cards if you have bad or no credit).
- Ensure You Meet Basic Requirements: All credit cards require you to be at least 18 years old and have a Social Security Number or Individual Taxpayer Identification Number (ITIN).
- Provide Accurate Information: Always be truthful on your application regarding your income and employment status.
- Consider a Co-signer (if applicable): While less common for easy-approval cards, a co-signer with good credit can sometimes improve your chances for certain types of cards.
Building Credit Responsibly
Once approved for an easy-to-get credit card, responsible usage is key to improving your credit score and unlocking better card offers in the future.
- Pay on Time: Always make at least your minimum payment by the due date. On-time payments are the most significant factor in your credit score.
- Keep Your Utilization Low: Try to keep your credit usage below 30% of your credit limit. For example, if your limit is $500, try not to charge more than $150.
- Monitor Your Credit: Regularly check your credit report for errors and track your progress.
