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Key takeaways

  • The best credit cards for poor credit with instant approval and no deposit will allow you to improve your score with responsible use.
  • Instant approval means that applicants will find out within minutes whether they have been approved.
  • These cards often come with features that help users build or rebuild their score. Responsible use of these cards, such as making timely payments and keeping balances low, can positively impact a user’s score over time.

Credit cards for bad credit have low eligibility criteria making it easy for anyone to be approved. Having a bad or fair score can make life difficult. Luckily, it’s not a permanent state. Financial institutions know that people make mistakes and need another chance. That’s why a lot of them offer no credit check credit cards instant approval no deposit.

These cards have minimal approval requirements and can be used to improve your score. There is no such thing as guaranteed approval credit cards but the ones we’ve chosen come awfully close.

If your score is below par and you’d like an unsecured card, read on to discover your options.

Instant approval and no deposit: What does it mean?

Instant approval refers to the process by which financial institutions provide a decision on an application within minutes of submission. This is facilitated by automated algorithms that evaluate an applicant’s information against predetermined criteria set by the financial institution. Instant approval helps applicants know almost immediately whether they have been approved, simplifying the application process and reducing the waiting time.

In the context of cards, no deposit means that applicants are not required to pay a security deposit upfront to obtain the card. This is typical of unsecured cards, which do not require collateral as part of the agreement. No deposit cards are particularly attractive to individuals who may not have the upfront cash available for a secured card but wish to build or rebuild their score.

No credit check credit cards instant approval no deposit are ideal. They make accessing borrowing more straightforward and less financially burdensome. However, it’s important to consider other aspects of the card, such as interest rates, fees, and limits, which can vary significantly and impact overall cost and usability. If you have a lower score, you will likely be offered a modest initial credit limit, high APR, and card with extra fees – like annual fees – due to the perceived risk. If you want a high limit, you should improve your score.

A better option may be a secured credit card. These cards require a refundable security deposit but have a low to no minimum score requirement. They are easy to be approved for and are perfect for rebuilding credit.

Top 3 no credit check credit cards with instant approval and no deposit

There are a few instant approval credit cards with no credit check and no deposit. Our three top choices are Merit, Current, and Chime.

Merit Platinum Card

The Merit Platinum Card is an online merchandise card offered by Horizon Card Services. Cardholders can make purchases at the Horizon Outlet. The starting limit is $750. There is a monthly membership fee of $14.77 but there are no interest charges if you carry a balance.

Merit’s appeal lies in the fact that it does not require a credit check or employment check for approval. As long as you have a debit card to pay the monthly membership fees and for purchases, you will be approved. Consumers also get benefits including Roadside Assistance, Universal RX, Prepaid Legal Assistance, and Credit Monitoring services.

However, it’s important to note that the Merit Platinum Card and other merchandise cards from Horizon Card Services have stopped monthly reporting to the three credit bureaus since February 2022.

Current Build Card

Build Credit with Every Swipe

Current’s Build Card is technically a secured card but it does not have a minimum security deposit requirement. You can add as little as $1 to begin using your card. It also does not have a minimum score requirement nor does it do a hard inquiry meaning you can be approved no matter your rating.

You will have to open a Current bank account – called a Spend account – in order to get the card. Use it for everyday purchases and enable AutoPay so you never miss a bill. Current does report to TransUnion so you can use it to improve your score.

Chime Secured Credit Builder Visa®

A New Way to Build Credit

Chime is an innovative fintech app that developed a secured card with no security deposit, no credit check- there is no minimum score required for approval and no interest charges. All you need to do is open a Chime checking account and set up an eligible direct deposit.

Chime helps you improve your score by reporting to all three major credit bureaus. With the help of their Safer Credit Building feature you won’t miss a bill payment so can easily establish a positive payment history.

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Alternatives to no credit check credit cards

While no credit check cards can be very helpful, you may prefer a more typical card for poor scores. The following four are our best unsecured cards are all designed for consumers with low scores and do not require a security deposit.

Before you choose one of these cards be sure you understand the potential costs as the APRs and fees (like annual fees) they charge are often substantial.

Fortiva Mastercard® Credit Card

Higher Limits + Cash Back Rewards!

The Fortiva Mastercard® is a practical option for individuals who have less-than-perfect scores who don’t want to put down a security deposit.

Cardholders benefit from the cash back rewards up to 3%, 1% on other eligible purchases, free score monitoring, and periodic limit increases. It can be a helpful tool to boost your score. However, it’s important to be aware of the potential for high APRs and fees

Aspire® Cash Back Reward Card

Get the Limit You Need Up to $1,000!

The Aspire® Cash Back Reward Card is designed for individuals who have fair to good scores who want a cash back rewards card. This card offers a competitive cash back rate on all purchases, which is particularly appealing for regular spenders looking to get a return on their everyday transactions.

Aspire includes benefits like Mastercard zero liability protection and digital wallet compatibility. While it does involve a credit check, its approval criteria are more forgiving than premium cards, providing a viable option for those with slightly blemished histories.

FIT Platinum Mastercard®

Initial Limit of $400

Like the Fortiva card, the FIT Platinum Mastercard® is accessible to those with lower scores. The card reports to all three major credit bureaus, aiding in score repair efforts. Be mindful of the fees associated with this card, including a high annual fee and potential maintenance fees, which should be considered when evaluating its overall benefit. You will need a bank account to be eligible.

Indigo® Mastercard®

Now with Higher Limits!

The Indigo® Mastercard® is designed for those with less-than-perfect scores looking to rebuild their financial standing. It offers the opportunity for approval even to those with previous bankruptcies, making it a good choice for individuals who’ve made significant mistakes in the past.

This card reports to all three major credit bureaus, which can aid in improving a score over time with consistent, on-time payments.

The Indigo® Mastercard® features a straightforward application process and does not require a security deposit. However, it does come with an annual fee, the amount depends on the rating of the applicant. This makes it important to consider the potential costs against the benefits of easier qualification.

Bad credit rating

A bad rating is a low numerical score that represents how likely an individual is to pay back what they borrow. Scores range from 300 to 850, with ones below 580 being considered bad by most lending standards. Scores above 670 are good while ones from 580-669 are classified as fair. This rating is derived from various factors, including payment history, utilization rate, length of time you’ve had accounts, types of accounts, and recent inquiries.

Having a bad rating significantly affects the type of card you can qualify for. The cards available for individuals with poor scores often have higher interest rates, lower limits, and fewer benefits compared to cards offered to those with good scores. Such cards for poor scores include secured credit cards, which require a cash deposit that acts as collateral and sets the limit. And unsecured subprime cards.

While the options are more limited, there are still opportunities for individuals with a low score to obtain a card. These cards are specifically designed to help raising ratings when used responsibly. Make timely payments, keep your balances low and your score will go up.

Using a credit card to improve your credit score

To effectively use your card to improve your score, it’s important to adhere to several key financial behaviors:

Make payments on time

Paying your bill on time is the best thing you can do. Your payment history is the most important factor in calculating your score. Consistently making on time payments will bring your score up. If you’e afraid you’re going to miss a payment, contact your issuer. They may be able to help you out with a hardship plan or by waiving interest charges.

Keep balances L\low

Only use a small portion of your limit – less than 30%. Lower is even better.

A high utilization ratio can negatively impact your score. It tells lenders that you’re too reliant on borrowing money and makes them afraid you won’t pay them back. Try to keep your balance well below your limit. Make multiple payments throughout the month to help it stay there.

Monitor your credit

Regularly check your credit report for accuracy and to understand how your financial behavior affects your score. Checking your report can help you spot errors and pinpoint past mistakes. If you find any inaccurate marks on your account dispute them with the issuing bureau. Removing negative marks can give an immediate boost to your score.

A few cards we listed send you your score every month. Take a look at your score and see if it’s going up. If it’s not, consider your behavior to determine what you need to change.

Request credit limit increase

A higher limit makes it easier to keep your usage low. A lot of issuers will start you off with a low initial limit but you don’t have to be stuck there.

Request a limit increase after a few months of on time payments or if you’ve gotten a raise at work. A higher income or good payment history proves that you can handle a higher limit.

Keep old credit card accounts open

Think twice before you close an account. The more time you’ve had accounts open the more data lenders have and the better your score. A lot of secured cards allow you to upgrade to an unsecured one so that you won’t diminish the length of time you’ve had accounts open.

The exception is if the card has a high annual fee, in this case it’s better to close it.

While these cards might come with higher interest rates and fewer benefits compared to standard cards, they offer a valuable opportunity to establish or rebuild your score. Over time, maintaining good financial habits can help elevate your score, opening the door to more advantageous products in the future, such as lower interest rates and higher limits.

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Common mistakes that affect credit scores

Maintaining a healthy score is crucial for financial flexibility, yet many individuals inadvertently make mistakes that can negatively impact it. Here are some common errors to avoid:

  1. Late Payments: Even a single late payment can significantly reduce your rating. It’s crucial to make payments on time, every time, as payment history is a major component of your score.
  2. High Utilization: Consistently using a large portion of your limit can signal to lenders that you’re overextended and pose a higher risk, thereby lowering your score. It’s advisable to keep your utilization below 30% of your total limit.
  3. Applying for Too Many Cards at Once: Each time you apply for a card, the issuer conducts a hard inquiry, which can slightly lower your score by a few points. Multiple applications within a short time frame can compound this effect.
  4. Ignoring Credit Report Errors: Failing to regularly review your credit report for errors can lead to inaccuracies that adversely affect your score. It’s important to dispute any errors you find with the issuing bureau.
  5. Closing Old Credit Accounts: The length of time you’ve had open accounts impacts your score. Closing old accounts will shorten your credit history and potentially lower your score.
  6. Co-Signing Loans Indiscriminately: When you co-sign a loan, you are equally responsible for the debt. If the other party fails to make payments, your score could be affected.
  7. Neglecting Diverse Types of Accounts: A mix of account types (e.g., cards, auto loans, and mortgages) can benefit your score. Having only one type of account can make it harder to boost your rating.
  8. Failing to Settle Collections: Ignoring collections accounts can severely hurt your score. Even paying off a collection can positively impact your score, although the account may still show on your report.

By steering clear of these common mistakes, you can protect and improve your score, enhancing your overall financial health.

Rebuild your credit, no deposit required

Rebuilding your score without having to provide a deposit is possible with certain financial tools designed to help you get back on track. Here are some strategies that do not require an upfront deposit:

credit builder loan
  1. Unsecured Credit Cards for Poor Scores: Some card issuers offer unsecured cards specifically designed for individuals with poor scores. These cards do not require a deposit and often come with helpful features such as reporting to the bureaus or autopay.
  2. Credit Builder Loans: Unlike traditional loans, a credit builder loan allows you to make fixed payments into an account, and the total amount is disbursed to you only after you’ve made your last payment. This process is reported to credit bureaus, effectively helping you build your score.
  3. Authorized User Status: Becoming an authorized user on someone else’s account can be a powerful way to benefit from their good financial habits. You are not required to make a deposit or even submit an application, but their account activity, like on-time payments, can positively affect your score.
  4. Reporting Regular Bills: Companies like StellarFi report all your monthly payments. This enables you to improve your score with on time utility bill payments, rent, subscriptions and more! Paying your bills on time demonstrates that you are a reliable borrower and can help your financial situation.

By utilizing these no-deposit-required options, you can start rebuilding your score effectively while avoiding the financial burden of a security deposit. Each option offers a pathway to a better rating, provided that payments are managed responsibly and on time.

Frequently Asked Questions

Yes, it is possible to get a card with no money down when your score is in the poor or very poor range. Unsecured cards designed for individuals with low scores, such as Fortiva Mastercard®, do not require a deposit. These cards often come with higher interest rates and fees, so it’s important to manage them carefully.

The FIT Platinum Mastercard® is one of the easiest unsecured cards to get with a 500 score. This card is designed for individuals with very poor scores and offers automatic reviews for limit increases.

Yes, you can get a card without making a deposit. Unsecured cards do not require a security deposit for approval. These cards are available even to those with less-than-perfect scores, though they may come with higher interest rates and fees. Responsible use of such cards can also help in building or enhancing your rating.

Bottom line

No credit check credit cards with instant approval and no deposit in the USA are hard to find but very tempting when you do. These cards are likely to approve you no matter what your score is. Be sure to read the fine print and make certain you can afford them before you apply. Lots of card designed for lower score come with additional fees.

It is also a good idea to make sure that the card will help you boost your rating. A higher score will give you access to better financial products, means you don’t have to worry about a hard inquiry, and will be eligible for many more cards.

Find an issuer that will approve you and a card you can afford. Then use it to raise your rating!

About the author

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.