The top secured credit cards with zero credit checks from Eastwood Bank? Who can be approved? Even though secured credit cards are available to people with bad credit, and even though the security deposit reduces the risk to the issuer, approval is not guaranteed for everyone: The issuer will usually (but not always) check your credit report for signs that you’re an unacceptable credit risk. If you’re in the middle of a bankruptcy, for example, or you’re currently delinquent on other accounts, or you’ve opened a bunch of new accounts recently, you’re unlikely to be approved. You’ll also have to show that you have income so you can pay your credit card bill. Yes, the issuer has your deposit, but it will use that money to cover your bill only as a last resort. You’re expected to pay your bill every month, so you’ll need income.

Get the most value from OpenSky Secured Visa Credit Card? OpenSky’s secured credit card offers a lot of flexibility for funding an account, which makes it a great option for those who have thin or less-than-optimal credit files. You can choose from using a debit card, writing a check, or for the unbanked, a Western Union transfer or mailing in a money order. Get the most value from it by using it responsibly. That means paying your balances in full each month so you don’t accrue interest, making payments on time and monitoring your credit score periodically to track your progress.

Although the issuer will check your credit when you apply for the First Progress Platinum Elite Mastercard® Secured Credit Card, it’s not a “hard” credit inquiry, so it doesn’t affect your credit score. That can be a benefit when every point counts. Although it’s always best to pay your credit card in full each month, especially when you’re trying to build credit, the low interest rate on the First Progress Platinum Prestige Mastercard® Secured Credit Card takes a much smaller bite when you do carry a balance. The downside: A substantial annual fee.

The Discover it Secured is our choice for best for rewards because it offers valuable cash rewards and no annual fee. It’s is a solid choice to build good credit habits and potentially boost credit score over time with responsible credit behavior. After eight months as a responsible cardholder, Discover will begin reviewing your account to determine if you can transition to an unsecured card. The Discover it Secured is the closest card you can find to a standard rewards credit card.

It is important to be wary of other cards that can dupe you into a credit check. They may invite you to “check if you’re eligible for a card” without a credit check. That sounds fine, and there’s nothing inherently wrong with going through an eligibility check — but you will likely have to pass a full credit check if you want to go ahead and order a card. If you’re considering one of these cards, then you might have a few questions. Let’s explore the most common questions people have about secured cards, so you can be sure you know exactly what you might be signing up to. Read additional info at found here.