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Credit Cards with $1000 Limit – Guaranteed Approval

Credit cards for poor scores can offer limits as high as $1,000 and easy approval.

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Updated February 22, 2024
Written by Rachel Alulis
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Key takeaways

  • Find guaranteed approval credit cards with $1000 limits for bad credit that don’t require a security deposit.
  • Responsible use of unsecured cards, including timely payments and low utilization, can lead to improved scores and access to better financial products.
  • While cards for low scores come with additional costs, the opportunity to access a high limit and improve your rating makes them a valuable tool.

$1000 limit credit cards give you more wiggle room to spend before you’ve exceeded your credit line. Who doesn’t want a little extra spending power, right?

Nothing in life is 100% guaranteed, but there are plenty of cards offering impressive approval odds – even if you have a low score. Your best bet is of course a secured card.

If your heart is set on an unsecured credit card, your options will be more limited but it’s not impossible. We’ve found 6 guaranteed approval credit cards with $1,000 limits for bad credit that could be the ticket to a higher spending limit.

Jump to:

Unsecured Credit Cards with $300 to $1,000 Credit Limit

It is entirely possible to get a card with no money down and a high limit. There are plenty of unsecured options for all scores. Our favorites include:

Credit limits are set by the credit card company depending on your score, income and other factors. there is no such thing as an Experian initial credit limit. Experian is a credit bureau, not a card issuer.

While these cards have low minimum score requirements and large limits, they tend to also have higher interest rates and additional fees. The extra costs are how issuers mitigate the risk of lending to people with poor scores. Use the guaranteed approval credit cards with $1,000 limits for bad credit, no deposit as a stepping stone to better cards.

Facing a cash crunch?

You can get cash from your credit card.

How can I get a credit card with no money down?

Obtaining a card with no money down is challenging when you have a low score but entirely possible. Financial institutions have designed subprime cards specifically for consumers who have poor scores. These cards can help improve your rating and do not require a deposit like a traditional credit card.

Here are a few options to consider:

1. Unsecured cards for poor scores: These cards do not require a security deposit and are specifically designed for low scores. This makes them easier to be approved for. The catch is many come with higher interest rates and fees. They often also have lower limits than cards for higher scores.

2. Retail store cards: Store-branded cards are typically easier to obtain than general-purpose cards. They often have less stringent approval criteria, making them accessible for those with low scores. Plus you often get coupons and discounts from the retailer. The downside with these cards is they can usually only be used at the issuing retailer and many come with higher interest rates.

3. Become an authorized user: If you have a family member or friend with a good score, ask them to add you as an authorized user on their card. This allows you to use their card (if they agree) without needing a security deposit. Ensure the primary cardholder uses the card responsibly, as their activity will impact your score.

4. Credit unions and community banks: Local financial institutions often offer cards with more favorable terms for members, even those with a bad rating. These institutions might consider factors beyond your score, such as your relationship with the bank, making it possible to get a card with no money down.

5. Secured card with no deposit options: Some secured card issuers offer a no-deposit option through promotions or special programs or by linking your bank account. These offers are less common and are typically targeted at individuals who have shown recent improvement in their score.

6. Improve your rating first: Work on improving your score before applying for a card. Paying down existing debts, making timely payments, and disputing any errors on your credit report can enhance your score, increasing your chances of being approved for an unsecured card with no money down.

While it may be difficult to obtain a card with no money down, exploring these options and improving your score can increase your chances. Always read the terms and conditions carefully to understand the fees and interest rates associated with any card you consider.

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What is the difference between a secured and an unsecured credit card?

Credit cards are divided into two main categories: secured and unsecured. Understanding the differences between these types can help individuals you make informed decisions about which card to apply for.

Secured cards: A secured card requires the cardholder to provide a refundable security deposit. This deposit acts as collateral and typically determines the limit. For example, if you deposit $500, your limit will likely be $500. This reduces the risk for the lender, making secured cards more accessible to individuals with poor or no credit history. Key benefits include:

  • Easier approval: Because the deposit minimizes the lender’s risk, approval rates for secured cards are generally higher.
  • Credit building: Secured cards report to the major credit bureaus, allowing users to build or rebuild their rating with responsible use.
  • Potential for upgrade: Some issuers offer the possibility of transitioning to an unsecured card after demonstrating responsible behavior.

Unsecured cards: Unsecured cards do not require a security deposit. Approval is based on the applicant’s creditworthiness, which includes factors like score, income, and debt-to-income ratio. For those with a good to excellent rating, unsecured cards often come with higher limits and additional perks such as rewards programs, cash back, and travel benefits. However, for individuals with bad credit, unsecured cards typically offer:

  • Higher interest rates: Unsecured cards for poor scores often come with higher APRs, reflecting the increased risk to the issuer.
  • Lower limits: Compared to secured cards, the limits on unsecured cards for poor scores are usually lower.
  • Potential fees: These cards may also include various fees, such as annual fees, maintenance fees, and higher late payment fees.

Secured cards are generally easier to obtain for those with low ratings due to the security deposit, which lowers the risk for lenders. Unsecured cards, while more challenging to get with a poor score, can offer more benefits but often come with higher costs and stricter approval requirements.

Choosing between the two depends on your current situation and financial goals. If you can afford the security deposit for a secured card this if often the more cost-effective choice. Issuers will refund your entire deposit if you close your account in good standing. You will get your money back with a secured card while the fees that come with an unsecured card are not refundable. It all depends on what you can afford.

Select your perfect card!

Find credit cards with no deposit for all scores!

What Is the minimum credit score required for an unsecured card?

An unsecured card is harder to qualify for than its secured counterpart. The exact minimum score required though depends on the card you’re looking at. Top-tier issuers want applicants with a good or excellent scores of 670-850. The higher your score, the lower your APR and the more benefits you’ll get.

If your score is fair – a FICO Score of 580-669 – you’ll find plenty of options. Most of the cards will be aimed at improving your score. A few will offer some perks and rewards, but they are harder to find.

550 is the lowest FICO Score you can have and still qualify for an unsecured card. Expect to find a high APR of 25% or more, additional fees, and meager initial limits.

For people with scores below 550 or no credit history at all, you’re best chance is to go for a secured card. Yes, you have to put down a refundable security deposit, but you’ll get all your money back when you close your credit card account, if it’s in good standing. This can actually be a better deal than an unsecured card with high fees.

For instance, say your unsecured card charges an annual fee of $75, a monthly maintenance fee of $12, and a one time processing fee of $25. You will have to pay $112 upfront and that’s money you won’t see again. On the other hand, you’ll get your $200+ security deposit back when you close your secured card in good standing. Some would argue that’s a much better deal.

Yet another way to get approved for a high limit is to apply with someone who has a good score. With them as your co-signer you have better odds at being approved for a card with a lower APR and more favorable terms.

If you can’t afford or don’t want a subprime or secured card, consider a prepaid reloadable card. These are similar to debit cards but you don’t have to have a bank account to own one. You make a cash deposit to the prepaid card account and then spend the money. Prepaid reloadable cards won’t help you improve your score but they usually don’t have any interest charges or late fees either.

What is the easiest credit card to get approved for?

The easiest cards to be approved for look at factors beyond your score. They will want to know about your income, employment, and financial background. Some will require you to put money down upfront.

If you want practically guaranteed approval take a look at:

credit cards

Secured cards

Unsecured subprime cards

Become an authorized user

Secured credit card

A secured card is the easiest one to be approved for. This is because you have to put down a refundable security deposit when you open an account. The security deposit serves as an assurance to the issuer in case you don’t pay your bill. Secured cards allow you to set your own limit based on your deposit and you can deposit $1,000 if you have the spare cash.

The problem with secured cards is your security deposit will be locked away for as long as you have the account. Not everyone can afford to put down hundreds to thousands of dollars to access a card.

Most secured cards do not check your score and some will even accept applications while you’re in bankruptcy proceedings. They rarely have high fees or exceptionally high APRs like subprime unsecured cards.

Just as with an unsecured card, the issuer will report your payment history every month. Reporting your payment history is the only way to increase your score. Be sure to choose a secured card that reports to all three major credit bureaus.

Unsecured credit cards

The majority of subprime unsecured cards start you off with a $300 limit. You can find some like the ones mentioned above that offer a limit of $1,000+. The catch is most come with high APRs and additional fees. While a subprime card is easy to be approved for, it will cost you more.

The biggest perk of subprime cards is that almost all report your payment and balance history every month to the three major credit bureaus. Pay on time, don’t max out your card, and your score should improve.

Become an authorized user

Ask a friend or family member with a good score if they can add you to their account as an authorized user. As an authorized user, you get access to their card.

Being an authorized user is another way to increase your score. You benefit from the primary user’s on time payments and low utilization. But remember that any late payments or maxing out of the card can negatively affect both your scores.

How to use guaranteed credit cards to improve your credit score?

Don’t get discouraged by a fair score. Instead, take steps to improve it.

The best thing you can do is make timely payments. Late payments stay on your credit report for up to seven years and can severely hurt your score. Set up autopay, and then you don’t have to worry.

Don’t fall into the minimum payment trap. If you only make minimum payments you’ll be charged interest on the remaining balance. Pay your balance in full each month. Not only will you save money but you’ll keep your utilization low.

Avoid maxing out your card. Don’t use more than 30% of your limit, reduce your existing debt, and you’re golden.

Follow these tips and you’ll gradually see your score rise. The higher your score, the better your odds of being approved for any card.

Read more about credit cards!

Guaranteed approval secured credit cards that require you to open banking account and set up direct deposit

There are secured cards that don’t have a minimum score requirement nor do they ask you for a security deposit. Sounds too good to be true, right? The catch is they do require you to open a bank account.

Take a look at the offers below to see if the benefits are worth it for you.

Can I get a rewards card with bad credit?

Typically, rewards cards are marketed towards consumers with good to excellent scores. You can’t expect top rates or fancy rewards when you have a bad score. Most of the cards you’ll qualify for are all about giving you a chance to improve your score so you can move on to a card with more perks and better rates.

Rewards in this category are a rare sight but not impossible to find. There are subprime cards that offer cash back rewards on everyday purchases.

Find even more offers and credit card commentary on MoneyFor.

Be sure to read the fine print. There may be limits on how you redeem rewards – some only offer statement credit – or they may put a cap on how much you can earn. It doesn’t make sense to pay an annual fee for a card and not earn more in rewards. Do your research and compare offers to find the one most suited to you.

Almost every rewards card also comes with higher-than-average interest rates. This is to help the issuer pay for those rewards. If you’re not careful, the higher interest rate can quickly eat up any cash back incentives you earned. This can be easily avoided by paying your bill in full every month. If you never carry a balance, you’ll never be charged interest.

Look for rewards cards with reasonable fees and understand the rewards structure so that you will actually benefit.

Can I get a high-limit credit card with fair to bad credit?

Yes, you can. Many companies issue easy-approval cards for bad credit designed to boost your score. Secured cards spring to mind but there are also unsecured options too if don’t want to put down a security deposit.

While a $1,000 limit may not be considered “high” in the traditional sense, it is impressive for anyone with a bad score. Most cards in the subprime category offer initial limits of only $300-$500.

Perks of having a card with a higher limit include:

It is easier to keep your utilization rate below 30%.

A chance to show responsible financial behavior.

Makes it easier to improve your score.

If you start out with a lower limit, you can request an increase after a few months of responsible usage. If approved, your new limit will take effect immediately. A lot of issuers will review your account periodically and issuer a limit increase if they see a consistent pattern of paying your bills on time and keeping your usage low.

You can also request an increase. The issuer is more likely to approve your request if you’ve established a positive payment history and/or have recently gotten a raise at work. More income signals to lenders that you can afford to borrow more.

Credit builder loans to secured credit cards

When you have a poor score, there are tools to improve it. Credit builder loans and secured cards are two effective ways to raise your rating. Plus, they can be used in tandem for better results.

Credit Builder Loans: These loans are specifically designed to help improve your score. You take out a loan but instead of receiving the funds, the borrowed amount is held in a savings account. You make monthly payments to the account. Upon full repayment, you gain access to the funds – and possibly interest. These timely payments are reported to credit bureaus, positively impacting your score. These loans help both to raise your rating and establish a savings account.

Transitioning to a Secured Card: Once you have established a history of timely payments with a credit builder loan, consider applying for a secured card. The responsible use of a secured card—keeping balances low and paying off the full amount each month—further strengthens your score. The security deposit for the card acts as collateral, making approval easier.

Using a credit builder loan followed by a secured card can create a strong foundation for improving your score. This dual approach not only demonstrates your ability to manage different types of credit but also increases the number of positive marks on your report, accelerating the path to a better score.

Frequently asked questions

1. Is there a credit card with $1000 limit?

Yes, there are cards with a $1000 limit available for individuals with low scores. Secured cards are a common option, requiring a refundable security deposit that often equals the limit. Some issuers also offer unsecured cards specifically designed to help build your score, but these may come with higher interest rates and fees.

2. What is the easiest credit card to get with bad credit?

The easiest credit card to get with a low score is typically a secured card. These cards require a refundable security deposit, which serves as collateral making them less risky for the lender. Approval rates are therefore higher, making them accessible for those with poor scores. Some financial institutions don’t even require a security deposit but ask you to link your bank account.

3. What credit card has a $3000 limit with bad credit?

Finding a card with a $3000 limit for low scores is challenging. Most options for consumers with scores under 670 offer lower limits. This is to protect the issuer in case of default. However, some secured cards may offer higher limits if you provide a larger security deposit.

4. What is the easiest card to get approved?

The easiest card to get approved for is typically a secured card. These cards require a refundable security deposit, making approval easier. They are designed for those with bad or no credit, offering a straightforward path to rebuild your score. Often, you can graduate on to an unsecured card once you’ve raised your rating.

Bottom line

There are several easy approval cards for individuals with low scores that offer high limits. Finding the right one for you may require some research. Often, these cards are secured cards that require a security deposit equal to the limit. However, there are also unsecured options available that might offer rewards, although these can be harder to find.

Always read the fine print before accepting any offer. It’s crucial to understand the fee structure and interest rate, as many subprime cards come with higher APRs and additional fees. Look out for annual fees, maintenance fees, and other potential charges that could make the card more expensive to maintain.

The next step is to improve your score. The benefits of a high score cannot be overstated. A higher score will lead to better financial opportunities, including access to cards with higher limits, lower interest rates, and more favorable terms. Raising your score requires patience and consistency: pay your bills on time, keep your utilization low, and manage your accounts responsibly. Over time, these habits will improve your rating, providing you with greater financial flexibility and peace of mind.

While it is possible to find cards with high limits even with a low score, it’s essential to understand the terms and work towards raising your rating. This will not only make it easier to get approved for better cards in the future but also open up a wider range of financial opportunities and peace of mind.

1. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.           Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. The Current Visa® Debit Card issued by Choice Financial Group, and the Current Visa® secured charge card issued by Cross River Bank, are both pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.           Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
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34. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.
35. Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.
36. Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.
37. Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.
38. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.
* EarnIn is not available for Connecticut residents
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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.

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