A guaranteed approval credit card takes the worry out of the credit card process, especially if you have had problems in the past or you aren’t sure where your credit stands.
You can use these cards for online and in-store purchases and building or rebuilding your credit at the same time. The best part is that you don't have to worry about your credit score because approval is guaranteed. This is one of the fastest ways to start working on your credit history without being buried in a mountain of debt.
Many lenders focus on your credit score and the details of your credit history to determine if you are worthy of their credit cards. With guaranteed approval credit cards, this is not an issue. If you apply to a lender and the application and the credit card doesn’t guarantee approval, your credit history may be reviewed. That lender may still offer you a credit card, even if it wasn't the one you were applying for, or you could be denied completely.
You also don't want a list of credit inquiries on your credit report because it can reduce your credit score even further.
Even though it may be time-consuming, it's a good idea to do your research before you apply. Compare features such as fees, interest rates, and benefits so that you get the card that serves you best. Many card issuers that guarantee approval also have some very appealing offers that come with the card, like reduced rates on specific purchases, opportunities to earn rewards and many other benefits.
A guaranteed approval credit card can get you on your way to developing a sound credit history. The difference between these cards and many other cards is that you don't have to worry about being denied because of your credit score.