Guaranteed Approval Credit Cards for bad credit UK

5 min readSep 7, 2024

Getting approved for a credit card when you have bad credit in the UK can feel like a daunting challenge. However, there are several credit cards specifically designed for individuals with poor credit scores, offering guaranteed approval or near-guaranteed approval.

These cards give you the chance to build or rebuild your credit score while giving access to credit when you need it. In this article, we’ll explore what Guaranteed Approval Credit Cards for bad credit UK, how they work, and the top options available in the UK.

Guaranteed Approval Credit Cards for Bad Credit UK

Guaranteed approval credit cards are designed for people with poor or no credit history. While the term “guaranteed” can be misleading, as no credit card is truly guaranteed, many cards for bad credit have a much higher approval rate because they cater to individuals with suboptimal credit scores. These cards come with lower credit limits and higher interest rates, but they provide an essential opportunity to improve your credit score with responsible use.

Also Read : Top 5 Best Credit Cards for Bad Credit in Canada

What is a Credit Card for Bad Credit?

A credit card for bad credit is designed to help people with poor or limited credit histories. These cards generally offer lower credit limits and higher interest rates compared to standard credit cards. However, if managed properly, they can help you rebuild your credit score by demonstrating responsible borrowing behavior.

Also Read : Can You Pay a Loan With a Credit Card

What is a Bad or Poor Credit Score?

In the UK, credit scores are used by lenders to assess the risk of lending money. A bad or poor credit score generally falls in the lower ranges of scoring models used by credit agencies like Experian, Equifax, and TransUnion. A poor score could result from missed payments, defaulting on loans, or having a limited credit history.

Credit score ranges in the UK:

Excellent: 961–999
Good: 881–960
Fair: 721–880
Poor: 561–720
Very Poor: 0–560

If your score falls in the poor or very poor category, you may face difficulties getting approved for traditional credit cards. This is where credit cards designed for bad credit come into play.

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What are Guaranteed Approval Credit Cards for Bad Credit UK?

Guaranteed approval credit cards provide individuals with bad credit or limited credit history a chance to access credit. These cards are easier to qualify for than standard cards. Although they may come with higher interest rates and lower limits, they offer a vital tool for rebuilding credit when used responsibly. While no credit card approval is truly guaranteed, these cards have minimal requirements and tend to have higher acceptance rates.

Also Read : Banks With Free Checking Accounts With No Deposit In 2024

Eligibility Checking for a Guaranteed Approval Credit Cards for Bad Credit UK

Before applying for a credit card, it’s important to check whether you are likely to be approved. Many providers offer eligibility checkers that allow you to see your chances of approval without affecting your credit score. These soft checks help you assess your options and reduce the risk of damaging your credit by applying for multiple cards.

Top 5 Guaranteed Approval Credit Cards for Bad Credit UK

Here are some of the top credit cards for bad credit available in the UK, with a focus on ease of approval:

Vanquis Bank Credit Card

Credit Limit: £150 to £4,000 (starts lower and increases with responsible use).
Interest Rate: Around 39.9% APR.
Key Benefit: Widely available for those with poor credit, with opportunities to increase the credit limit over time.

Barclaycard Initial Credit Card

Credit Limit: £200 to £1,200.
Interest Rate: 34.9% APR.
Key Benefit: Offers a relatively low APR for a bad credit card and comes from a reputable UK bank.

Aqua Classic Credit Card

Credit Limit: £250 to £1,200.
Interest Rate: 37.9% APR.
Key Benefit: Known for a high approval rate for those with bad credit, plus free credit score access through the Aqua app.

Capital One Classic Platinum Mastercard

Credit Limit: £200 to £1,500.
Interest Rate: 34.9% APR.
Key Benefit: Easy approval and credit limit increases with good payment behavior.

Amigo Secured Credit Card

Credit Limit: £500 to £5,000.
Interest Rate: Varies by limit and deposit.
Key Benefit: Secured credit card that requires a deposit but offers higher limits and potential for fast approval.

How To Get Approved For a Credit Card With Bad Credit in the UK?

Check Your Credit Score: Before applying, it’s important to know where you stand. Review your credit report and fix any errors.

Use an Eligibility Checker: Many providers offer a quick check that won’t affect your credit score.

Apply for Cards Suited to Your Credit: Choose a credit card designed for people with bad credit to increase your chances of approval.

Consider Secured Cards: These require a deposit but can offer higher credit limits and improve your chances of approval.

How Do You Choose the Right Card For You?

Interest Rates: Since bad credit cards often have higher APRs, compare rates before applying.
Credit Limits: Consider how much credit you’ll need and if the card’s limits meet those needs.
Fees: Look out for annual fees or other hidden costs that may come with the card.
Rewards: While rare, some cards offer cashback or other rewards.

How to Improve Your Credit Score?

Pay Bills on Time: Timely payments are one of the most significant factors in improving your credit score.

Keep Credit Utilization Low: Try not to use more than 30% of your credit limit.

Avoid Opening Multiple Accounts: Applying for too many accounts in a short period can negatively impact your score.

Check Your Credit Report Regularly: Ensure there are no errors and keep track of your progress.

Benefits of Using a Guaranteed Approval Credit Card for Bad Credit

Build Credit: Responsible use can help rebuild your credit score over time.

Access to Credit: Even with bad credit, you can access the funds you need.
Flexible Limits: Credit limits often increase with responsible use.
Financial Management: Using a credit card helps develop better financial habits.

FAQs

What If My Application Is Rejected?
If your application is rejected, it’s essential to avoid reapplying immediately. Wait and assess your credit score, and consider other ways to improve it, such as reducing debt and making consistent, timely payments.

What is a Bad Credit Score in the UK?
A bad credit score in the UK is generally a score below 561, depending on the credit rating agency. Scores in this range suggest a higher risk for lenders.

What is a Bad Credit Credit Card?
A bad credit credit card is designed for people with poor or limited credit histories. These cards come with lower limits and higher interest rates but can be instrumental in rebuilding credit.

Conclusion

Guaranteed approval credit cards for bad credit in the UK can be a lifesaver for individuals looking to rebuild their credit. With the right card, you can work on improving your credit score and accessing better financial opportunities in the future. Always make sure to read the terms and conditions of any card, compare options, and use the card responsibly to get the most benefit.