The Best Guaranteed Approval Credit Cards With $1,000 Limits For Bad Credit

Loans & Credit BY Soumava Sep 09, 2023
guaranteed approval credit cards with $1,000 limits for bad credit

If you have bad credit, it can get really frustrating since many creditors will not offer you credit cards or a guaranteed payday loan. However, there are many creditors that offer you “guaranteed approval credit cards with $1,000 limits for bad credit”. Still, each of these cards has its own requirements, which you will need to meet before you avail them and add them to your wallet.

In this article, you will learn about some of the best credit card options with $1000 limits. If you have bad credit or a low credit score, some of these cards can be really helpful for you. Hence, we have included some of the best options when it comes to “guaranteed approval credit cards with $1,000 limits for bad credit.” Hence, to learn more about these credit card options, read on through to the end of the article.

What Are Guaranteed Approval Credit Cards For Bad Credit?

What Are Guaranteed Approval Credit Cards For Bad Credit

According to the Forbes Advisor,

A secured card requires a security deposit equal to the line of credit you’re seeking, and an unsecured credit card designed for those with poor credit may often come laden with fees and sky-high APRs. Whichever option you choose, it’s best to find a card that reports to all three major credit bureaus so your on-time payments can help strengthen your credit score as quickly as possible.”

These are the only two options if you have a low credit score.

Hence, you will need to find a card that is right for you, and you might even consider some unsecured credit card options. This is because choosing a secured credit card will hardly give you any results since most secured credit card providers will not be willing to offer you credit if you have a bad credit score.

However, there are options available for everyone. Even if you have a poor credit score or a history of bankruptcy in the past, you will still find credit card options for you. There are some credit providers that offer you credit cards with a $1000 limit. These can be really helpful for you at times of an emergency situation or an immediate expense. 

In many cases, you will get the independence to choose what to spend on, while in some, you will have to state a reason for opting for the credit card. 

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Some Guaranteed Approval Credit Cards With $1,000 Limits For Bad Credit

According to BadCredit.org,

Most unsecured credit cards for bad credit start off new cardholders with an initial limit of anywhere between $300 and $500. That doesn’t mean that you can’t eventually get to a $1,000 limit after a credit limit increase, but it will take some time. If you need a $1,000 limit right away, consider visiting your local bank or credit union and meeting face-to-face with a loan officer who may listen to your request.

Here are some of the major $1,000 limit credit card options to choose if you have a low credit score:

1. Capital One Platinum Credit Card

Capital One Platinum Credit Card
Credit Limit $1,000 (up to $13,000)
Initial Credit Limit $300 to $500
Regular APR 30.49% (Variable)
Other Features Be automatically considered for a higher credit line in as little as six monthsEarn unlimited 1.5% cash back on every purchase, every day

If you have a low to average credit, the Capital One Platinum Credit Card is the best option for you.

2. Fortiva® Mastercard® Credit Card

Fortiva® Mastercard® Credit Card
Credit Limit $1,000
Initial Credit Limit up to $1,000
Regular APR 29.99% or 36% Fixed
Other Features Earn 3% Cash Back Rewards on Gas, Groceries, and Utility Bill Payments (T&C applied)Earn 1% Cash Back Rewards on all other eligible purchases (T&C applied)

Here, the bank periodically reviews your account to check whether you qualify for the limit or not. If you pay on time, your score will get better.

3. Surge® Platinum Mastercard®

Surge® Platinum Mastercard®
Credit Limit Up to $1,000 credit limit and can double up to $2,000 (if you pay the first six monthly payments on time)
Initial Credit Limit $300 – $1,000 (based on available credit)
Regular APR 29.99% APR (Variable)
Other Features Monthly reporting to the three major credit bureaus

With an initial credit limit of up to $1,000, you will also get $0 fraud liability. You can also get a credit limit of up to $2,000 after some months.

4. Reflex® Platinum Mastercard®

Reflex® Platinum Mastercard®
Credit Limit Up to $1,000 credit limit and can double up to $2,000 (if you pay the first six monthly payments on time)
Initial Credit Limit $300 – $1,000 (based on available credit)
Regular APR 29.99% APR (Variable)
Other Features Monthly reporting to the three major credit bureaus

This one is the best for people with no credit history. However, it has high-interest rates and fees as compared to its services.

5. Aspire® Cash Back Reward Card

Credit Limit Up to $1,000 credit limit subject to credit approval
Initial Credit Limit most likely $300
Regular APR 29.99% or 36% Fixed
Other Features Earn 3% Cash Back Rewards on Gas, Groceries and Utility Bill PaymentsEarn 1% Cash Back Rewards on all other eligible purchases

Here you will get tiered rewards on some eligible purchases, which makes it one of the best cards for people with bad credit scores.

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Final Thoughts

Hope this article was helpful for you in getting information on some of the best options of “guaranteed approval credit cards with $1000 limits for bad credit.” If you are in bad credit and you need a credit card with a $1000 limit, consider choosing a card from among the options given above. You can choose based on your capacity and convenience.

However, before you choose a credit card option for yourself, make sure to read all documentation related to credit information carefully before you apply for the card. Additionally, if you want another funding option with a low credit score, you can always consider applying secured lending options, such as those offered by LoanMart.

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A passionate writer and an avid reader, Soumava is academically inclined and loves writing on topics requiring deep research. Having 3+ years of experience, Soumava also loves writing blogs in other domains, including digital marketing, business, technology, travel, and sports.

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