In summary, a guaranteed credit card implies that your credit card application is approved and accepted. Sounds good but of course it carries corresponding advantages and disadvantages.

Generally speaking, guaranteed credit cards favor those with adverse credit history or those without any credit rating at all, though these are also available for people with good credit records. These are ideal for starting point to those who want to have credit cards again, or for those who want to rebuild their credit history in order to have more opportunities in the future.

One thing to look for when applying for a guaranteed credit card is the interest rates that apply to your debt. Note that the credit card company is taking a risk in accepting somebody with a bad credit history by offering a credit card that guarantees application approval. In some way, they will want to balance out this risk by charging a higher interest as compared to a standard credit card. If not well handled, the credit card holder might cause further debt and could create more damage in the cardholder’s credit history.

A guaranteed credit card usually tied up with instant decision credit card because of the ease of application and the speed of processing. There are many guaranteed credit cards offered by banks and other financial businesses. Some of them possess a Visa, MasterCard or American Express (AMEX) logo, which adds more credibility for the card and flexibility for the cardholder. These are actually offered by banks in US, UK and other countries or regions both in person and online.

If you want to know where these guaranteed credit cards are offered, you can check by visiting your local bank and inquire for their portfolio of credit cards. A smarter way would be to visit their official website because that’s where you can get the latest update on any of the credit cards.

To name a few, here are some credit cards that promises guaranteed approval

• Capital One Classic Visa Credit Card
• Virgin Monthly Prepaid MasterCard
• Guaranteed Acceptance BREAD™ Prepay Maestro Card
• Halifax All in One MasterCard