In order to make transactions, pay bills, and book travel reservations, using a credit card is a handy option. You may save money by using credit cards that reward you for your purchases in the form of points, cash back, or miles. As a bonus, a credit card may help you create and improve your credit rating. However, if you have a restricted or terrible credit history, what is the simplest credit card to obtain? Take a closer look at the cards you may be able to get hold of.

Secured Credit Cards

When you apply for a secured credit card, you'll be asked to put down a deposit, which will function as your credit limit. These cards are ideal for those with poor credit because the security deposit serves as a kind of collateral. It is less hazardous for the lender to accept your application even if you do not have stellar credit because of the deposit supporting your credit line.

When deciding on a secured credit card, look for one that doesn't charge fees and lets the card issuer raise your credit limit or give you a better card. A secured card won't provide you much in the way of incentives, but it may serve as a useful stopgap measure while you work on building your credit so you can apply for a card with more perks.

Students Credit Cards

Credit cards for college students may help them build credit and develop sound spending habits from an early age. You will establish a strong foundation for future credit usage if you make on-time payments to your bills, maintain a low credit use rate, and limit your expenditures to just what you can possibly pay off right away.

Many credit cards for college students come with prizes, but you should also seek cards that include educational resources and incentives for responsible credit use as well. When you're able to upgrade to a card with greater rewards or advantages that better suit your spending patterns, automatic credit line evaluations, and credits for responsible usage may help you create the habits necessary to maintain a solid credit score long-term.

Starter Credit Cards

People who aren't students, but are just getting their credit histories started, might benefit from starter credit cards as well. Annual fees and a higher annual percentage rate are more common with these cards (APR).

Retail Credit Cards

It may be tempting to apply for a credit card linked to a certain retail outlet because of their reputation for being simple to qualify for. However, these cards come with a slew of disadvantages, including higher interest rates and lower purchase power than standard credit cards. There are several retail cards that can only be used at a single store. If you use your credit card to earn points on items that you wouldn't normally buy, you may wind up overpaying.

If you do decide to apply for a retailer credit card, choose a retailer you currently do a lot of business with and an open-loop card like the Amazon Prime Reward Visa Signature Card or the Costco Anywhere Visa Card that lets you make purchases anywhere and gives you cash back on normal purchases. Don't charge extra than you can pay off each month to prevent interest and late payments that might hurt your credit.

What Is Credit Score Required for Credit Card Approval?

Any credit card application will be accepted if you have a FICO credit score of any kind of 750 or better. If your credit score is considered "fair" and is 620 or higher or higher, you may still be accepted for some cards; however, you may be subject to higher interest rates and perhaps a smaller credit limit. Getting a secured card is your best option if your credit score is 580 or below. This kind of card requires a set amount of collateral that might be lost if you don't pay your bill on time.

What Are Credit Cards with Instant Approval?

Using a quick credit card approval means that your application will be examined right away. An online form with basic inquiries regarding the applicant's identification and financial position is the most common form of this kind of loan. A yes or no response is promptly sent to the submitter when their application has been received.

Conclusion

One of life's minor achievements is getting a credit card. Our list of the simplest credit cards to get accepted for is here to help you experience that sense of accomplishment. If your credit is fair, lousy, or non-existent, these cards will give you the greatest chance of being approved for one. It's possible that one of these cards might help you establish or grow your credit.