Instant approval bad credit cards are also known as credit cards for bad credit. It doesn’t matter whether you have an impressive credit history or not, as long you can submit the security cash deposit, you’ll surely be able to open an account.

Nevertheless, being instantly approved doesn’t mean these bad credit credit cards should be taken for granted. When used correctly, obtaining a credit card with guaranteed approval can be your stepping stone towards rebuilding good credit. Below are some tips on finding the perfect instant approval credit card:

Compare your options carefully. Just like with a regular credit card, you should spend time shopping around for potential guaranteed approval cards. Being approved instantly doesn’t mean you should choose in a hurry. Carefully examine the rates and fees associated with your bad credit credit card to make better comparisons.

Strive for a better credit score. Rebuilding bad credit history should not be impossible if you strive to be consistent in submitting your payments. Payment history makes up 35% of your FICO score so this is one aspect you need to pay close attention to. To be sure that you won’t miss or delay a single payment, avoid charging very expensive purchases to your card.

Stay away from hidden charges or vague clauses. There are instant approval cards that may attract prospective customers with incredibly low rates. Watch out! These cards may come with hidden charges or expensive miscellaneous costs to make up for the low rate. Furthermore, the initial low APR can change right after you’ve signed up for the credit card.

Look for a credit card that reports to the credit bureaus. It’s very important to make sure that your guaranteed approval credit card will report your payments to the major credit bureaus as this is the only way you can improve your credit status.

Look for a guaranteed approval credit card with upgrades. You deserve the chance to be able to upgrade your secured credit card account to a non-secured account if your credit report shows progress in the past 6 months or a year. If your guaranteed approval card doesn’t automatically upgrade, make sure that you call your issuer and request for it. Switching to a non-secured account gives you more privileges as a cardholder such as lower APR, higher credit limit, and the chance to join reward programs.

Allison May is a credit consultant and a writer for Credit Creators. The resource provides consumers with valuable advice and information on credit cards for bad credit,credit cards for good credit and other credit-related issues. Its main objective is to help people build good credit. Copyright © 2008

Page copy protected against web site content infringement by Copyscape

By Allison May

Allison May is a credit consultant and a writer for Credit Creators. The resource provides consumers with valuable advice and information on Guaranteed Approval credit cards, Unsecured credit cards for Bad Credit and other credit-related issues. The main objective here is to help people build good credit. Add Allison on