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Q: I have terrible credit. Is there a credit card with guaranteed approval out there for those with bad credit?
A: Some people have established such poor credit that it’s difficult for them to get approved for a credit card. These individuals may not have anyone to turn to if they want the convenience of plastic.
The AccountNow Prepaid Visa Card from Meta Bank can help these persons with bad or no credit. Meta Bank offers 100% automatic approval for this card, and the cardmember does not have to worry about a credit check, overdraft fees, or minimum balances.
This card allows the user to contribute money to their credit card account from their paycheck or other sources. The cardholder can then charge items or services on the card up to the amount he or she has in the account.
Because there is no revolving credit line, cardholders don’t have to worry about annual percentage rates or penalty fees.
However, Meta Bank levies a monthly fee of $9.95, and there is a ATM fee of $2.50 if the card is used for cash advances.
Of course, approval for those cards is not guaranteed.