Guaranteed Approval Credit Cards With $1000 Limits For Bad Credit

Credit cards for bad credit are the best solutions when you are looking to build your credit history. However, the biggest challenge with bad credit cards is that they tend to have low limits, which may not be useful to most people. You may also need to use the card for at least a year before you can get a limit review, which may not work for those who need a higher credit limit instantly. If you are tired of low limit credit cards, you should consider applying for guaranteed approval credit cards with $1000 limits for bad credit.

You can find secured and unsecured credit guaranteed approval credit limits. The unsecured guaranteed approval cards for bad credit tend to have low limits. The provider will review maximum limits after a few months, but you are less likely to get limits similar to secured credit cards.

If you need a quick solution with a limit of $1,000, you have better chances with secured cards. Secured guaranteed approval credit cards with $1,000 limits for bad credits require you to place a refundable security deposit. The deposit funds your credit limit, reducing the risk for the credit insurer.

This article helps you find the best guaranteed approval credit cards with $1000 limits for bad credit that you can use to build your credit history.

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The 10 Best Guaranteed Approval Credit Cards With $1000 Limits For Bad Credit

1. The First Progress Platinum Elite MasterCard Secured Credit Card

The First Progress Platinum Elite MasterCard Secured Credit Card does not require any credit history for approval, making it ideal for individuals with no or low credit ratings. It is a full-feature secured card that requires you to put some deposit down when applying. The application process is straightforward and will not affect your credit rating.

First Progress Master card

It is quick and easy to apply for the First Progress Elite Secured Card with an online application. Your fully-refundable deposit determines your credit limit. The provider requires you to deposit $200 to $2,000 during the application process for approval. It has an annual fee of $29 and a Regular APR of 19.99%. You can receive the card more quickly with an expedited processing option. The credit card is available nationally with the exception of NY, IA, AR, or WI.

Highlights

  • No credit history required
  • $29 annual fee
  • 19.99% regular APR
  • Reports to all three major credit bureaus
  • 24/7 online access to your account
  • $200 to $2,000 credit line
  • Expedited processing option available

Pros

  • It does not require any credit rating for approval
  • You can access your account online at any time
  • You build your history with all three major credit bureaus
  • It offers a higher credit limit
  • Applying will not negatively impact your credit score
  • You can use it anywhere credit cards are accepted

Cons

  • It has an annual fee
  • It is not available in NY, IA, AR, and WI

2. First Progress Platinum Elite MasterCard Secured Credit Card

Anyone looking to build their credit history can apply for the First Progress Platinum Elite MasterCard Secured Credit Card, as long as they meet the provider’s minimum requirement. The credit card does not require any credit history and the application is quick and easy online. You can apply in just a few moments without worrying about negatively impacting your credit score as the provider does not undertake credit queries.

First Progress credit card

The First Progress Platinum Elite Credit Card is a full-featured card that lets you buy anything you want at the stores that accept credit cards. It is good for hotels and car rentals. The credit card helps you build your history with all three major credit bureaus with monthly reporting. It has a credit limit of between $200 and $2000, but you will need to put down a fully-refundable deposit.

Highlights

  • Monthly reporting to all three major credit bureaus
  • 24/7 online access to your account
  • $39 annual fee
  • 13.99% regular APR
  • No credit history required
  • $200 to $2,000 credit limit
  • Quick online application

Pros

  • People without credit score can apply
  • It will not negatively affect your credit score with a hard inquiry
  • You can access your account 24/7 online
  • It offers a high credit limit
  • You can use it for anything, anywhere credit cards work
  • It lets you build credit history with all three major credit bureaus

Cons

  • It is not available in IA, AR, NY, and WI
  • It attracts an annual fee

3. First Progress Platinum Prestige MasterCard Secured Credit Card

People looking for a credit card with a high credit limit and low APR will find the First Progress Platinum Prestige MasterCard Secured Credit Card, highly attractive. It does not have a minimum credit score requirement, making it attractive to people with bad or no credit ratings. The credit card does not have limitations on how you can use it once you get approval. You can use the Platinum Prestige credit card for car rentals, hotels, and shopping at stores that accept credit cards.

First progress master card

The First Progress Platinum Prestige Secured Credit Card requires a fully-refundable deposit of $200 to $2,000. The deposit determines your maximum credit amount. You can receive your deposit at any time once you pay off your balance. The application happens online, making it less complicated.

You can access your account 24/7 online for increased flexibility. The First Progress Prestige Credit Card is perfect when you need to build your credit history with all bureaus as it offers monthly reporting to all three major credit bureaus.

Highlights

  • No minimum credit score required
  • Full-feature secured credit cards
  • 24/7 online access to your account
  • Monthly reporting to all three major credit bureaus
  • $200 to $2,000 credit limit
  • $49 annual fee
  • 9.99% regular APR

Pros

  • It attracts low APR for bad credit
  • It does not require a credit check
  • You can access the account online 24/7
  • It offers a high credit limit
  • It helps you build credit history with all three major credit bureaus
  • The online application is quick and easy

Cons

  • It has an annual fee
  • It is not available in NY, AR, WI, and IA

4. Capital One Secured MasterCard

The Capital One Secured MasterCard has a pre-approval process that lets you know whether you qualify for the card, making it ideal for individuals looking for guaranteed approval credit cards with $1000 limits for bad credit. The card requires you to make minimum security of $49, $99, or $200 during the application process.

Capitalo ne credit card

The minimum deposit requirement gives you access to a $200 credit line, but you can deposit more for a higher credit limit of up to $1000. Holders of the credit card can get a higher credit line review in as little as six months.

The Capital One Secured Card offers a few benefits that include personalized text and email reminders and 24/7 access to a list of merchants with recurring transactions. You can also set up Autopay for automatic payments every month. You can also add an authorized user and track the spending by that user. It is also possible to transfer your higher-rate balances onto the credit card.

Highlights

  • Add an authorized user to the account
  • Personalized email and text reminders
  • Balance transfer
  • Autopay feature
  • 26.99% average APR
  • $0 annual fees
  • $0 transfer fees
  • $200 to $1000 credit limit

Pros

  • It does not attract annual and transactional fees
  • You can qualify for more credit line than your deposit
  • Set up auto payments
  • You can set up personalized account alerts

Cons

  • It has higher APR rates
  • You cannot tell the maximum credit line you will receive until you get approval

5. Discover It Secured Credit Card

Discover it Secured Credit Card can help you build credit history with the three major credit bureaus. You only need to put down a security deposit to get a matching credit line. Beyond helping you build your credit history, the credit card offers you two percent cash back at restaurants and gas stations every quarter and one percent unlimited cash back on all other purchases. The credit card lets you monitor the FICO score progress easily with free monthly statements.

Discover master card

Discover it Credit Card does not attract annual fees, making it perfect for those looking to save money and build credit history with guaranteed approval credit cards with $1000 limits for bad credit. However, the card attracts a standard APR of 22.99%.

The credit card comes with a freeze feature that lets you stop new purchases, balance transfers, and cash advances. The minimum security deposit is $200, but you can put down more for a credit limit of up to $2500.

Highlights

  • $0 annual fees
  • 2% cashback bonus in gas stations and restaurants
  • 1% unlimited cash back on all other purchases
  • Daily identity alerts
  • Freeze new transactions
  • $200 to $2,500 credit limits
  • $0 annual fees
  • 22.99% regular APR

Pros

  • You can easily freeze the credit card to stop new transactions
  • It offers cashback on all purchases
  • Free monthly FICO credit score
  • It does not attract annual fees
  • It lets you monitor new entries to your credit history on monthly reports

Cons

  • You may need to close your account to get a deposit refund
  • The maximum credit line depends on your income and ability to pay

6. Citi Secured Mastercard Credit Card

You can use the Citi Secured MasterCard Credit Card worldwide in stores that accept MasterCard. The credit card comes with helpful tools to help you stay on track, including account alerts, auto-pay, and flexible payment due dates.

You can use the Citi Secured Credit Card to build your credit responsibly with little or no credit history. The credit card does not have annual fees, but your transactions can attract a 22.49% APR. You will need to put down a security deposit of at least $200.

Citi Diamond master card

Your credit line is equal to your deposit with a maximum limit of $2,500. The credit card comes with a host of benefits that include Citi identity theft solutions and 24/7 customer service. The Citi Secured Credit Card further protects you against unauthorized charges on your account. You can choose when your payments are due with three payment options.

Highlights

  • $0 annual fees
  • 22.49% APR for purchases
  • Automatic account alerts
  • Flexible payment dates
  • Identity theft solutions
  • $0 liability on unauthorized charges
  • Free online FICO score reports

Pros

  • It does not charge an annual fee
  • Offers identity theft solutions
  • It protects you from unauthorized charges on your account
  • You can track your score online at no cost

Cons

  • It attracts a host of fees, APRs, and penalties for different transactions
  • Transactions updates take time to reflect on your credit history

7. BankAmericard Secured Credit Card

BankAmericard Secured Credit Card can help you establish, rebuild or strengthen your credit rating easily and responsibly. The credit card has a minimum refundable security deposit of $300 and a maximum of $4,900, making it perfect for those looking for the best guaranteed approval credit cards with $1,000 limits for bad credit.

Bank of America Master Card

You can get a credit line of up to $4,900, but it will depend on your security deposit, income, and ability to pay. The credit card further offers you access to free monthly FICO scores.

BankAmericard does not have annual fees or introductory APR. However, the standard APR is 22.99% variable and charges a 3% transfer fee for each transaction. Nevertheless, it comes with a host of benefits that you will love. It keeps your account protected by blocking potential fraud if abnormal patterns are detected. It also comes with optional overdraft protection that prevents declined purchases and returned checks. Account alerts keep you updated on due payments.

Highlights

  • $0 annual fees
  • 22.99% standard APR
  • 3% balance transfer fee
  • $300 to $4,900 credit line
  • Deposit return
  • Free monthly FICO score reports
  • $0 liability guarantee for fraudulent transactions

Pros

  • It protects your account from potential fraud activities
  • You can have overdraft protection
  • You can track your score updates monthly with free reports
  • It sends you account alerts to keep you updated on paid and due payments
  • It does not attract annual fees

Cons

  • You cannot add an authorized account holder
  • You will need a Bank of America account

8. OpenSky Secured Visa Credit Card

Rebuilding your credit history is not impossible with OpenSky Secured Visa Credit Card, irrespective of the damage. It does not require a credit check for approval, making it a notable choice among the guaranteed approval credit cards with $1000 limits for bad credit. The credit card requires you to put down a security deposit.

Open Sky master card

The deposit determines your credit limit and can be anything from $200 to $3000. You have the freedom to choose the best credit limit for your needs. It does not have usage restrictions. You can use it on your everyday purchases like groceries, gas, and recurring bills.

OpenSky Secured Credit Card helps you build credit history with all three major credit bureaus. You get monthly reports to help you monitor your progress. The credit card attracts $35 annual fees and 17.39% standard APR for purchases and cash advances.

Highlights

  • $200 to $3000 credit limit
  • 17.39% standard APR
  • $35 Annual fees
  • No credit check

Pros

  • Anyone can apply irrespective of their credit score
  • Your limit depends on your security deposit
  • You can use it for your everyday purchases
  • It works with all three major credit bureaus
  • You can set up automated email alerts

Cons

  • It does not offer cashback offers
  • It charges an annual fee

9. First National Bank Of Omaha Secured Visa Card

You can get a credit limit of up to $5,000 with the First National Bank of Omaha Secured Visa Card. The credit card requires you to put a security deposit of between $300 and $5,000 in multiples of $50. The cardholders can qualify for a limit increase without an additional deposit in just a few seven months.

First National Bank Secured Visa Card

You may also get your deposit back automatically in just 11 months when you maintain good payment history. The credit card does not have an annual fee, but the purchases and balance transfers attract a variable 20.24% APR.

Highlights

  • $300 to $5,000 APR
  • $0 annual fee
  • 20.24% standard APR
  • Limit increase without an additional deposit in just seven months

Pros

  • It does not have annual fees
  • You can get a deposit back in as little as 11 months
  • You may qualify for a credit increase without an additional deposit
  • Visa zero liability

Cons

  • It does not offer cashback

10. Harley-Davidson Secured Visa Credit Card

The Harley-Davidson Secured Visa Credit Card helps you build your credit history while earning rewards at all your favorite Harley gear, service, and accessories. The credit card offers a host of benefits, including online account access, automatic bill payment, H-D visa mobile app, lock/unlock card, zero fraud liability, and free credit score.

Harley-Davidson Secured Visa Credit Card

You can fund your card and get a credit limit of between $300 and $5,000. The credit card lets you redeem your points at H-D at a rate of 2,500 points for $25. Furthermore, every purchase you make with the card offers you entry into the H-D free ride sweepstakes. Cardholders also enjoy travel benefits, including auto rental collision damage waiver and emergency cash and card replacement.

Highlights

  • $300 to $5,000 credit limit
  • 22.99% standard APR
  • $0 annual fees
  • Automatic bills payments
  • Free credit score reports
  • Reward points

Pros

  • It does not have annual fees
  • Higher credit limit than most bad credit cards
  • It has a host of rewards

Cons

  • You can only redeem points at H-D stores

Frequently Asked Questions (FAQ)

What credit card do millionaires use?

Millionaires usually use credit cards with the most perks like Chase Sapphire Reserve, Ink Business Preferred Credit Card, JP Morgan Chase Palladium Visa, and Citigroup Chairman Card.

Can I get a credit card with a 450 credit score?

Yes. You need to look for cards that do not require a credit history to qualify like the First Progress Platinum Elite MasterCard Secured Credit Card.

However, you will need to put in a security deposit during the application process to get approval. Most cards match the security deposit with the credit line limit, enabling you to have control of your credit line.

What is the most elite credit card?

Several credit cards belong to the elite category, but the most popular include American Express Centurion Card and JP Morgan Palladium Card. The American Express Centurion Card is the most exclusive card with personalized concierge and shopping services.

The card lets you enjoy unrivaled perks and benefits like VIP airport arrival services, airport lounge access, and amazing rewards. However, the card has a $10,000 initiation fee and a $5,000 annual fee.

The JP Morgan Palladium Card comes with remarkable benefits that include 3x points on worldwide travels, primary rental car insurance, comprehensive travel insurance coverage, $300 flexible travel credit, special benefits at the luxury resorts, and a $0 foreign transaction fee.

What credit card do celebrities use?

The most popular credit cards with celebrities include the Amex Green Card and the Gold Rewards Business Card. The Amex Green Card offers a host of benefits that make it popular with celebrities like $100 clear credit, membership reward points, $100 lounge buddy credit, $0 foreign transactions fees, trip delay insurance, extended warranty and purchase protection among other benefits.

The Gold Rewards Business Card allows holders to maximize rewards with 4x points that apply to the first $150,000 in combined purchases. The card further offers a 25% airline bonus when you pay with points. The Gold Rewards Card does not have foreign transaction fees and offers $100 hotel credit on qualifying spa, dining and resort activities, making it for celebrities who travel frequently.

Conclusion

When you are looking for the best-guaranteed approval credit cards with $1000 limits for bad credit, you should consider the features and benefits offered by the credit card. Almost all credit cards for bad credit do not require you to have a credit score to apply.

However, some credit card providers undertake a hard query, negatively affecting your credit score. You should look for credit cards that do not require a credit check and offer reasonable credit limits. It should also have low APR and reasonable fees.

You can save by choosing a credit card that does not attract annual fees. You may also get better value from credit cards that offer cash back, rewards, and credit limit increments without an additional deposit.