100% Credit Card Approval with Bad Credit History

There was a time when you want to own your own credit card but no matter what you do, you can't get it to be approved because of bad credit history. It might have been be very awesome to buy your dream gadget and pay for it by credit card because you don't have a cash on hand. Having a bad credit score prevents you from getting a loan, mortgage, or a credit card.  It's a good thing that the bank nowadays offer credit card with no credit check and 100% approval. Here are the banks in the Philippines and their respective credit cards that offer an easy credit card application and approval process.

1.     BPI Express Start

The simplest way to get a credit card for Filipinos who have bad credit or no credit history.

Pros:

   ·         No monthly income requirement for BPI Express Start Secured credit card

   ·         BPI doesn’t check the credit history of secured card applicants

   ·         No need to submit any income documents

How to Apply for BPI Express Start?

 1.      Visit any BPI or BPI Family Bank

 2.   Open a deposit amount. Hold-out amount should be at least P10,000 for ATM-based and Passbook Savings; P50,000 for Time Deposit .

 3.     Apply for a BPI Credit Card

Requirements:
¨  Must be at least 18 years old
¨  Must have a business or residence contact number
¨  Completely filled out and signed Express Start Application Form
¨  Completely filled out and signed Deed of Assignment

  How much is the credit limit?

   Applicant may get a credit limit of up to 90% of his/her hold-out deposit amount.

   To Illustrate: P10, 000 ATM Savings Account x 90% = P9, 000 credit card limit 

2.    RCBC Bankard InstaCard Credit Card Secured CreditCard

The fastest way to get an RCBC Bankard InstaCard credit card is through the bank's secured program.

Pros:

• 100% approval
• Guaranteed no credit check regardless of your past credit history.
• You can determine the credit limit that you want.
• Low revolving fee of only 2.5% per month
• Low membership fee of P60 per month for Regular Cards; P150 for Premium Cards
• Non-expiring rewards points for RCBC Bankard credit cards
• If you are a first-time applicant, the RCBC Bankard myDream JCB is best for you as it has the lowest interest rate and annual fee among RCBC Bankard's classic cards

How to Apply for RCBC Bankard InstaCard Credit Card?

1.  Choose the right RCBC Bankard credit card for you.

2. Go to your nearest RCBC branch to open an InstaCard account. Applicants shall be required to open a Savings Deposit account in any RCBC Branch following the required initial deposit and maintaining balance.

3.  Accomplish and submit the following required documents:

·    InstaCard Application Form (form available at the branch)

·    Savings Account Opening Forms (form available at the branch)

·    Deed of Assignment (form available at the branch)

·    Valid IDs

  Requirements:

  1.      Applicant must be at least 21 years old.

  2.     Applications for InstaCard will only be processed if the Applicant does not have a delinquent RCBC Bankard account.

  3.     A minimum hold-out deposit amount of P10,000/US$2,000 is required.

  4.     The Deposit amount indicated by the client for InstaCard application shall be put on hold and shall be subject to the following:

·   The Deposit account number and amount specified in the Deed of Assignment and on the application form shall serve as the security collateral and credit limit for the card.

·        Credit Limit assignment shall be 95% of hold-out deposit.

·   The hold-out amount shall be in effect until 60 days after the request for cancellation and until confirmed by RCBC Bankard.

 ·      If credit card is cancelled, hold-out on the deposit can only be released after 60 days to allow posting of late billings.

   5. Membership Fee is free for the first 12 months and lower than usual for succeeding months.

    6.    Revolving interest rate is a low 2.5% for peso cards and 2.0% for dollar cards.

3.    Security Bank Fast Track Program

Security Bank’s Fast Track program allows new and existing clients to open a savings account and apply for a credit card. The chances of getting approved is high for such applicants.

Pros:

·        A savings or time deposit account bundled with a 100% approved credit card

·         Fast processing in 3 banking days upon receipt of documents

·         Waived annual fee for the first year

·         Get rebates or rewards points for every transaction

·         No monthly income requirement

·         Guaranteed no credit check regardless of your past credit history.

·         Applicants may receive their card in three to five days

·         Build your credit history and credit score with your secured credit card

How to Apply for Fast Track Program?

1.      Visit any Security Bank branch

2.     Open a deposit amount. Hold-out amount should be at least P15,000 for Savings Account and P100,000 for Time Deposit .

3.     Apply for a Security Bank credit card

Requirements

   ·    Must be at least 21-65 years old

   ·    Must have a business or residence landline number

   ·    Completely filled out and signed Application Form

   ·    Completely filled out and signed Holdout agreement form

   ·    Government-Issued Photo-Bearing ID

   How much is the credit limit?

    A credit limit that is 80% of the holdout amount.

4.    Citi Simplicity+

Citi is one of the banks in the Philippines that have an easy application process, specifically for Citi Simplicity+. The bank offers credit cards for shopping, travel, and rewards, among many others.

Pros:

• No annual fees ever
• Doesn’t require applicants to have a Citibank deposit account
• Has an online credit card application and approval system
• Citi Simplicity+ has a low monthly income requirement as compared to other credit cards: PHP 13,846.15 (for clients with existing credit card) and PHP 19,230.78 (for applicants without a credit card)