Credit Cards

[tboy1977]

Is there really a credit card that guarantees approval?

Yes.  If you want a 100 percent guarantee that you will be approved, apply for a secured credit card.  A secured credit card will help you build credit history with low risk to you.  Secured credit cards work just like regular credit cards and are also reported to the three major credit bureaus.   The only difference between a secured card and a regular credit card is that a secured card requires a security deposit and your credit limit matches the amount of the deposit you put down – the minimum is $200.  Your credit limit can be as little or as much as you choose – you can increase your limit by simply adding more to the amount that you initially deposited.  The great thing about a secured credit card is that it can act as a personal savings account while building your credit history at the same time.

[tboy1977]

I don't know about this.  I copied this off of myFico's website, but as BofA showed me.  That is FAR FROM TRUE!

[jamesdwi]

The only guaranteed credit is from "First Parents  Savings and Loan" mostly loan   but they only report to the family and their friends. 

[apandabear]

I've seen many people get declined for secured cards on these forums.

[RTOrockstar]

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jamesdwi wrote:

The only guaranteed credit is from "First Parents  Savings and Loan" mostly loan   but they only report to the family and their friends. 

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That was hilarious!

[Crashem]

Not all secured cards are 100% approval.  Actually most are not.  However there are some that are 100%

[pkhuu78]

it is a waste of your time to do business with BofA.  BofA SUCKS!!!!!!!!!!!! 

[2NE1]

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tboy1977 wrote:

I don't know about this.  I copied this off of myFico's website, but as BofA showed me.  That is FAR FROM TRUE!

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Open Sky Secured Visa® Credit Card

https://www.openskycc.com/pages/applicationscreen1.aspx?NID=1691

This one guarantees approval and there's no credit check!

[Wolf3]

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tboy1977 wrote:

Is there really a credit card that guarantees approval?

Yes.  If you want a 100 percent guarantee that you will be approved, apply for a secured credit card.  A secured credit card will help you build credit history with low risk to you.  Secured credit cards work just like regular credit cards and are also reported to the three major credit bureaus.   The only difference between a secured card and a regular credit card is that a secured card requires a security deposit and your credit limit matches the amount of the deposit you put down – the minimum is $200.  Your credit limit can be as little or as much as you choose – you can increase your limit by simply adding more to the amount that you initially deposited.  The great thing about a secured credit card is that it can act as a personal savings account while building your credit history at the same time.

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Secured cards are great, I've had 3 in the past few years.   But only a few are guaranteed approval, I have been turned down by US Bank for a secured card.

Only a few secured cards guarantee approval.    The "Open Sky" for example.   I got it when it first came out.

[tboy1977]

But at what cost with Open Sky?  BofA sucks......still no letter of denial from BankofAmerica