Guaranteed Approval Credit Cards With $1000 Limits for Bad Credit

Credit cards are no longer just a luxury; they have become a necessity. They are perfect for fulfilling your urgent financial needs. With the help of a credit card, you can easily make transactions without worrying about whether you have money at the moment or not. You can pay the entire bill at the end of the month. However, obtaining a credit card is based on your credit score. If you have a bad credit score or no credit history at all, you will likely be issued a credit card with a low credit limit.

But there’s no need to worry, as we have conducted thorough research for you. There are lenders that offer credit cards with a credit limit of up to $1000. So, regardless of how bad your credit score is, you can obtain guaranteed approval credit cards with a good credit limit.

In this article, we will provide information about the best guaranteed approval credit cards with $1000 limit for individuals with bad credit. We will also discuss their features, advantages, and disadvantages, enabling you to determine which credit card is perfect for you. So, let’s get started now.

Credit Cards for Bad Credit: Types of Credit Cards

You may be well aware of the fact that there are two types of loan or money transactions. The first is secured, and the second one is unsecured. Now the main question is when your credit score is not good,  what would you choose to meet your financial need or pay off old loans? That will help you choose the road map for your upcoming debt journey. After all, a credit card is a right solution for all your “need money now” needs.

Secured Credit Card

As the name suggests, secured credit cards are those credit cards where you need to pay a security deposit in order to get the credit card. This security deposit can be somewhat between $200 to $2000. In the case of secured credit cards, your credit limit is generally equal to your security deposit. So that if you fail to pay the credit card bill, the card issuer can recover the bill amount from your security deposit. These credit cards are generally for people with bad credit scores and help them start their credit score journey at a good speed.

Meanwhile, one must remember that it is entirely redeemable if you manage your credit card well and pay the bill on time every month. Also, there are no hidden charges to create trouble in the future. Moreover, many credit card companies also offer you a chance to upgrade your unsecured credit card to a secured one if you pay the bills on time for a good time. 

Merits of Secured Credit Cards

• It helps you build your credit.
• All your credit activity is reported to the credit bureaus immediately.
• Easy to get for people with bad credit scores, as they have to pay a security amount.

Demerits of Secured Credit Cards

• You will have to pay a security deposit, and it can be high if your credit score is low.
• Fees and charges can be high.

Unsecured Credit Card

Talking about unsecured credit cards, they are just opposite of the secured credit cards. This means that you do not need to pay any security amount in order to get this credit card. They are generally offered to people with high creditworthiness, where the credit card company is sure that the holder would be able to pay the credit card bills on time.

If your credit score is 500 or more, you can easily get an unsecured credit card. These credit cards come with high rewards and cash back so they directly help you save a lot of money. But these days, some unsecured credit card companies also offer guaranteed approval credit cards with $1000 limits for bad credit. So now even if you have a bad credit score, you can get unsecured credit cards with a high credit limit.

Merits of Unsecured Credit Cards

• No security deposit is needed.
• Good offers and cash backs.
• Most of the reputed companies offer unsecured credit cards.

Demerits of Unsecured Credit Cards

• People with poor credit might qualify for cards only from three or four companies.
• More chances of debt.

Credit Cards With Highest Credit Limits for Bad Credit 

The highest credit limit is always a question that is impossible to determine on a single point, whether it is for a good score or guaranteed approval credit cards for bad credit. Firstly, you will have to keep in mind that these guaranteed approval credit cards with $1000 limits for bad credit come with high fees, APR, and interest rates. So even if you go for a high credit limit credit card with a bad credit score, you will have to pay for it in the form of fees, APR, and interest rate. It is among the most complicated businesses. 

Down payments also ensure your credit card limit from the card lenders. Although you have a bad score, if you are ready to make a down payment according to your approved limit, you are good to go. 

Now, look at GBR reports where it has confirmed that about 45 percent of Americans amount only 0 to $300 in their “Savings Accounts.” How can you expect this $1000; if you recognize yourself as part of this research or survey? 

Let’s forget that and move forward where Experian has found that people (Aged 18-22) witness only $8000 with many cards. Meanwhile, look at where people(Aged 23-38) can acquire. The Highest Limit for Credit Cards in American Banks & Financial Institutions is $20,400. That also depends on banks and their norms. 

But if you still want to go with credit cards that have the highest credit limit, then you can go with options like:

1. First Progress Platinum (Mastercard)

If you’re considering getting a credit card, you may be interested in the First Progress Platinum Mastercard. This card offers a few key benefits that you should know about before applying. Let’s take a closer look at what this card has to offer.

$2,000 Credit Limit
One of the most attractive features of the First Progress Platinum Mastercard is that it offers users a credit limit of up to $2,000. This is significantly higher than many other credit cards, which can make it easier to cover larger purchases. However, you will need to cancel your current card before you can benefit from this increased limit – there is no automatically upgraded feature available.

Low Fees
The membership fee for the First Progress Platinum Mastercard is quite low when compared to similar cards on the market, making it an affordable option for those looking to get their first credit card. Additionally, the annual fee for this card is also quite reasonable.

No Credit History Necessary
One of the best parts about this card is that you don’t need to have any established credit history in order to qualify for it. This means that even if you don’t currently have any credit cards or loans in your name, you can still apply and possibly be approved for this one – making it ideal for those just starting out with building their personal credit history.

2. Bank Americard Secured CC

Are you looking for a secure way to build or rebuild your credit? You should consider the Bank Americard Secured Credit Card. It is one of the best-secured credit cards on the market and it has numerous advantages that make it worth considering. Let’s take a look at some of these benefits.

Annual Fees

One of the best things about this card is that there’s no annual fee. This means that you can use it without worrying about having to pay an annual fee each year. This makes it perfect for those who want to build their credit but don’t want to pay a lot in fees.

FICO Scores

Another great benefit is that you get free access to your FICO scores with this card. This makes it easier for you to track your credit score and make sure that you are always on top of what your score is so that you can improve it if necessary.

Unsecured Credit Card

The Bank Americard Secured Credit Card can be converted into an unsecured credit card after 12 months of making on-time payments and showing responsible use of your account. This makes it convenient if you are looking for a way to eventually get an unsecured credit card without needing to apply for a new one altogether.

APR

Finally, this card also has zero penalties APR, which means that even if you miss payments or make late payments, your interest rate won’t be affected negatively. This helps ensure that you aren’t getting hit with additional fees or penalties due to not being able to keep up with payments.

3. OpenSky CC (By Visa)

OpenSky allows you to get your hands on a high credit limit without worrying about a credit check or needing to have a bank account. This card gives people with bad credit scores access to funds they would not be able to have otherwise. Furthermore, OpenSky secured credit card offers low APR rates compared to other cards available for those with bad credit scores. In addition, OpenSky charges no annual fees and provides an online application process that is simple and fast.

Educational Resources

OpenSky also offers educational resources so that you can understand how best to use their cards in order to improve your overall financial health and build your credit score over time. These resources include webinars, blogs, and articles that provide advice on how best to use the card responsibly in order to ensure steady growth in your financial stability and credit score over time.

Fraud Protection

Finally, OpenSky offers fraud protection so that your information is safe from any potential data breaches or malicious software attacks. They also provide customer support 24/7 if you ever find yourself confused or uncertain about anything related to their services or products; this customer service is incredibly helpful if you are new to using and managing a secured Visa Credit Card or have any questions regarding fraudulent activity on your account.

Credit Cards With $1000 Limits for Bad Credit 

It is entirely your cause of concern which way you want to, whether Secure or Unsecure. What! We can alert you at some point to acknowledge while targeting anything that is not totally in your favor. A secured credit card is secure for you, but not for your security deposit in case of repayment. 

Contrary, an Unsecured credit card is not safe for most of your upcoming lifestyle, where you will earn and pay heavy interest to the credit lenders. 

Initially, you may be eligible for an amount between three hundred dollars to five hundred dollars to start with on unsecured mode. Depending on your performance and repayment history, the amount could be increased up to $1000 as you need now. You must have patience in this situation.

Wait! Still, you need the exact amount- it is good to visit your nearest bank branches to lend you a credit card. Maybe! Any bank can help you by checking your credit record and providing some good options. 

Guaranteed Approval Secured Credit Cards With a $1000 Limit for Bad Credit 

1. First Progress Platinum Prestige MasterCard

The First Progress Platinum Prestige MasterCard is a secured credit card that requires only a 3% deposit of your total cash advance as a fee. This is significantly lower than the typical 10-20% deposit required by most other secured cards. It also has no minimum credit score requirement, so it’s perfect for those who are trying to build or rebuild their credit.

This card can be used at any time and anywhere that accepts Mastercard, including online and in stores, so you can use it to pay bills, shop online, and more. It also doesn’t charge foreign transaction fees and offers 24/7 customer service.

The First Progress Platinum Prestige MasterCard has several benefits, including its low annual fee of $49 and its ability to help users build or rebuild their credit with no minimum credit score requirement. However, there are some drawbacks to this card as well, such as its lack of rewards rate or signup bonus and its higher-than-average regular APR of 13.74% (variable).

2. First Progress Platinum Elite MasterCard

The beauty of the First Progress Platinum Elite MasterCard lies in its no minimum credit requirement. Unlike other cards where you must have a good or excellent credit history, this card gives everyone a chance to obtain a line of credit. All that is required is an initial deposit of $200, which is fully refundable after six months when you close your account.

If you love traveling, then you’ll love this card even more! With it, you will receive discounts on rental cars and hotel bookings as well as rewards from select merchants worldwide. That makes booking a trip easier than ever before! Plus, since there’s no annual fee, it won’t cost anything extra for these perks. And don’t forget about all of those sweet reward points that add up over time!

This card also comes with a low purchase APR of 23.74% (Variable). That means that if you need to carry a balance from one month to another or just want to pay off your purchases in installments, then this card makes it easy and affordable to do so without accumulating too much interest or fees along the way. Plus, there’s no monthly fee so you can enjoy all these benefits without breaking your budget.

3. BankAmericard Secured Credit Card

The BankAmericard Secured Credit Card works just like any other type of secured credit card. It requires a security deposit from you upfront (usually from $300-$4,900) and then sets your available line of credit at the same amount. You can use the funds in your account to make purchases or cash advances up to that amount and then repay it with interest over time. The interest rate on this secured card is 25.75% (Variable), so it’s important to pay your balance in full each month if possible.

The BankAmericard Secured Credit Card offers several benefits that make it a great option for those looking to rebuild their credit scores or establish a good credit history. First, there are no annual fees associated with this card, so you won’t have to worry about paying extra fees just for having an account open with them.

Additionally, this card has no minimum required credit score, making it accessible to almost anyone who is looking for a way to build their overall score. Finally, once you’ve established yourself as a reliable customer with this card, you may be eligible for an increase in your available line of credit which could help further improve your financial standing even more.

4. Secured Mastercard by Citi

A Secured Mastercard is essentially a credit card that requires you to put down a deposit as collateral and is a perfect fit for all your emergency money needs. This amount can range anywhere from $200 to $2,500, depending on your credit score. The more collateral you put down, the higher your limit will be. For example, if you have no credit score and make a deposit of $2,500, then your limit will also be set at $2,500.

Note that this card does not require any sort of annual fee and there are no rewards associated with it – it’s just meant as a tool to help build or rebuild your credit score.

The main benefit of using this card is that it allows you to establish or rebuild your credit without having to worry about being charged high fees or interest rates. In addition, Citi offers some great customer service benefits such as 24/7 customer support and access to their online account management system which makes managing your account much easier than with other cards. Another great feature is their fraud protection service which gives you peace of mind when making purchases online or in person.

If you want to use the Citi Secured Mastercard responsibly, then there are a few things that you should keep in mind First off, always make sure that you pay off your balance in full every month so that you don’t incur any interest charges. Second, try not to go over 30% of your available credit limit. Thirdly, always check for any promotions or rewards that Citi might be offering; and lastly, avoid late payments if at all possible as these can lead to extra charges and fees.

5. Wells Fargo Secured Credit Card

The Wells Fargo Secured Credit Card has no minimum credit limit and offers users the ability to set their own limits ranging from $500 to $25,000. There are also no annual fees associated with this card, making it an ideal option for those who are just starting out or recovering from past financial issues.

Unfortunately, this particular credit card does not offer any welcome bonus or introductory rewards upon signup. However, there are still plenty of rewarding benefits associated with using this card, such as cash-back rewards on every purchase made with it. Users can earn up to 5% cash back on all qualified purchases when they use their Wells Fargo Secured Credit Card. This is an excellent way for users to make their money go further while also building up their credit score in the process.

This secured credit card is designed to help people build up their poor or nonexistent credit scores over time. As such, there is no minimum required credit score needed in order to qualify. However, applicants should note that they will need to provide proof of income in order to be approved for a line of credit with this card. The lender will then review your application and decide whether or not you are eligible based on your income and other factors.

Guaranteed Approval Unsecured Credit Cards With a $1000 Limit for Bad Credit 

1. Surge Mastercard

The Surge Mastercard is ideal for those who have poor or limited credit as it does not have any minimum credit score requirement. Good and bad scorers can both apply for this card and get an initial limit of $300-$1000 depending on their current financial situation. Moreover, if you make timely payments over six months, you could get your limit doubled.

Another great perk of this card is that it offers monthly reports to three major Credit Bureaus which helps in improving your overall credit score. This card also provides an easy online application process that can be completed within minutes and your response time is quite fast. Plus, it has a low APR with no annual fee if you use it responsibly. However, it does not offer any reward points or cashback rewards like other cards do.

2. Indigo Platinum MasterCard

If you have a bad credit score and you don’t want to pay a security deposit, then the Indigo Platinum MasterCard may be just what you are looking for. This card is known for its fast and easy approval process, as well as its reasonably high APR of 24.99%. Let’s take a closer look at what this card has to offer.

The Indigo Platinum MasterCard does not offer any welcome bonuses or rewards programs. However, it does not have an annual fee associated with it. Depending on your creditworthiness when applying for the card, you could end up with either no annual fee or with an annual fee of up to $99.

The regular APR associated with the Indigo Platinum MasterCard is 24.90% (variable). Keep in mind that this rate could go up or down depending on your financial situation and credit history. It is important to note that while this card may be attractive to those who have bad credit, the high APR associated with it means that carrying a balance can quickly become expensive.

One of the most appealing aspects of the Indigo Platinum MasterCard is that it requires no minimum credit score for approval. This means that even if your credit score is zero or terrible, you still have a chance of being approved for this card—which can be invaluable for those trying to build or rebuild their credit scores from scratch.

3. Destiny MasterCard

If you’re looking to repair your credit score, the Destiny MasterCard might be just the card for you. It’s an unsecured credit card that can help you build your credit history. Here are some of the important details about this card, so you know exactly what to expect.

The minimum credit required for qualification is zero or bad, so even if you have a poor credit score, you still may qualify for this card. There is an annual fee that ranges from $59 up to $99 depending on your individual credit score. The Annual Percentage Rate (APR) is fixed at 24.90% and there is a Penalty APR of 29.90%.

The Destiny MasterCard also offers various benefits such as online banking and access to fraud protection services at no extra cost. You get real-time account updates and are able to track spending in one place via their app or website portal. In addition, they offer free access to your Experian Credit Score which allows users to monitor their scores and receive alerts when changes occur in their reports. Although there is no rewards program associated with this card, it does provide customers with a great opportunity to fix their credit score and get back on track financially.

4. Milestone Gold MasterCard

If you’re in search of a credit card that offers great perks, but still fits within your budget, then you should consider the Milestone Gold MasterCard. With three different cards to choose from, there’s sure to be one that suits your needs and credit score. Let’s explore what each card has to offer and why these cards are popular among users.

Depending on your credit score and needs, you can choose between three types of Milestone Gold MasterCard. The first is the Gold 300 with an annual fee of $35; this is often best for those with bad or no credit history who want a simple way to build their score. The second option is the Gold 301 with an annual fee ranging from $75-$99; this will give users more rewards while they rebuild their credit score. Finally, the third option is the Gold 302 with an annual fee of $59; this card provides members access to a higher level of rewards and benefits than the other two cards.

Unfortunately, there is no welcome bonus available for any type of Milestone Gold MasterCard. However, all three cards come with a regular APR of 24.90% (variable). The minimum credit score required for approval depends on which card you apply for but it can be as low as zero or bad in some cases.

5. Credit One Bank Platinum Visa Card

The Credit One Bank Platinum Visa Card offers 1% cash back on all purchases. You can also get exclusive discounts from participating online stores and restaurants when you use your card. Plus, you can check your credit score for free with Experian every month so that you can stay apprised of how your credit is doing.

This card has an annual fee of $0, which is great news if you’re trying to save money. However, it does have a variable APR of 26.99%, so make sure that you pay off your balance as quickly as possible to avoid getting hit by high-interest rates.

To qualify for this card, you’ll need to have a good or excellent credit score (above 670). This means that if your credit score isn’t quite up to par yet, it might be worth taking some steps to improve it before applying for the Credit One Bank Platinum Visa Card. All in all, Credit One Bank Platinum Visa Card is the right choice for you if you are looking for credit card approval with no deposit.

Facts to Note to Get Guaranteed Approval Credit Cards  

• Repayment Competence

Nothing can restrain you from grabbing a credit card when you formerly have bad credit limits if you currently have repayment competence. Not just that, sometimes, a good score is ignorable if one has no repayment potential. You must present yourself nicely to the banks or financial institutions to acknowledge you as a good fit for allocating credit cards like its other clients. 

• Visit the Bank of Account

Now, it is always wise when you go to the bank already having your account, & you are taking its services for a long time. They can easily find your record, & based on its analysis, offer you the amount.

• What is the Source of Your Income?

It determines your repayment competence. Guaranteed approval of unsecured credit cards for bad credit (Not 100%, but possible with time) starts its record check from the sources you will reveal to the money lenders for their payback. It includes several sources, like your business (small, medium, large) and job. (private or government)

If private, it’s history. As an estimate of the official sources and general trend, 2 to 3 years of job consistency ensures higher chances of credit card amount. 

More Tricky Points to Figure Out  

The Trick is – to study the institution norms; you wish to deal with: That will help you prepare a clear image of the credit limit you will acquire via the scoring record or any other possible ways banks’ apply. Now, you can examine yourself with One more example where the most demanding card issuers, like Capital One/Citi, engage trustworthy individuals between $5,000-$10,000 credit card limits. 

Now for the average scorers, it determines the range from $1000-$2000, possibly going to $5000, and so on. The possibility is with a good score – $15000 with a good source of income. Moreover, Chase & American Express provide $30000-$50000 CC.

Ways to Increase Credit Card Limit

How to increase credit or credit card limits is every borrower’s question. There are numerous reasons why you need money instantly. And you don’t have enough sources to fulfill that need except taking out a loan or credit card assistance. 

But the question is if you don’t even have a good credit score and a good source of income in the form of a job or any other thing, how can a credit card issuer release the limit of your choice? Notwithstanding, you request the credit provider to rethink the limit with a few adjustments. Credit providers ask for your basic details with contact numbers. Thus, they can then make a check or verify it with another known person. 

On the personal inquiry, they ask for the highest credit score, an official record of the increment of professional life with salary, your expenses check report, proof of decrement in the expenditures, or the record of previous debts and their history. Be prepared and attentive while fixing your credit limit on your own because you have to pay it & fewer expenses and more income will help you pay on time and increase your credit limit with your score.

Notice the Following Points

• If you think you have many options to hold yourself back with a handsome credit limit, then you are wrong here. It will be terrific because the numerous cards will pull several inquiries and the number of interest payment dates and principal amount. Better to request a limit increase for the same service provider. 
• If you already have a credit card, then limit yourself to checking their terms and conditions from time to time. It will affect your credit score, or ultimately your credit limit will not increase. 
• Limit your expenses & it is better to show them with official documents to increase the limit. 
• Never overuse the new credit card. Use it less than the prescribed limit. 

Will I Qualify for a Rewards Credit Card if I Have Poor Credit?

Who does not love Reward Credit Cards? After all, you get rewards, discounts, and several cashback for spending money, so that you can save some on your upcoming expenses. But it can be difficult for you to get a reward credit card if you have a bad credit score. But the doors are still not closed for you.

• You might not qualify for the best reward cards, but you can still get your hands on second-class cards. They also give you good rewards and cash back, though not the same as reward cards.
• You do not apply for all credit cards. Because several hard inquiries by banks can actually decrease your credit score. This can affect you even more if you have a low credit score. Just apply for 2 or 3 reward cards or second-class cards, where you are sure that your credit card application will be approved.

If you are looking for a good reward card then you can go with Aspire Cashback Reward Card. Depending upon the credit approval, it can give you a $1000 limit. Apart from that, you don’t have to pay the program fee and access vantage 3.0 Score via Equifax. Meanwhile, one can earn 3% cash back on gas, utility payments & groceries with a 1% cashback facility on other purchases. You can access this on any device. 

Frequently Asked Questions (FAQs)

Q1. Can I get approved for a credit card with a score of 500?

Yes, 500 is considered an average credit score. You can easily get approved for a credit card with this score. Most credit card companies have a minimum credit score limit of 300 and provide credit cards to all people whose credit score is more than 300. Though the credit limit may vary.

Q2. Which bank gives credit cards easily?

If you want to get a credit card easily, without getting into too much paperwork and hassle, then you can go with banks like Bank of America. You can easily get credit cards like Aspire Cashback Reward Card and Bank Americard Secured CC without any hassle.

Q3. What credit score is needed for a $1000 credit card?

In case you are looking for a credit card with a credit limit of $1000, then at least you need to have a credit score of 500 – 700. If your credit score is low, then also, some credit card companies may provide your credit card with a credit limit of $1000. But then your APR and interest rate will be high.

Q4. What card has the highest limit?

Out of all the credit cards, First Progress Platinum (Mastercard) provides the highest credit limit. They provide a credit limit of $2000, but it also depends on your credit score.

Q5. What is the average card credit limit?

$700 to $1000 is the average credit card limit. Most credit card companies provide a credit limit of $1000. If you have a credit score of 500-700, then you can easily get a credit card with a credit limit of $1000.

Conclusion

The complete analysis of this article will help you make an ideal choice. In such a scenario, you cannot ignore any point because the question is directly and indirectly related to your life. Guaranteed approval of unsecured credit cards for bad credit is possible. You have to perform better. The description contains an overview of secured and unsecured credit cards, how you can get guaranteed approval of $1000 with a bad credit score, limit increment, and more. Feel free to reach out to us with your queries to get professional assistance immediately.