Can't get approved for a credit card?

You are in the position of being new to credit, with no history, or have had credit, and for whatever reason have made mistakes in the past that landed you with extremely bad credit. Now, you have applied at many banks, for all types of credit cards in the hopes of being approved. You are denied each application. What can you do now? Secured Credit Cards are among the easiest to obtain. Secured cards are credit cards in which you make a security deposit as collateral. Therefore, your credit limit is the amount you deposit. Deposit $200, get a $200 limit. After a period of time (usually 1 year) you may start getting credit card offers for unsecured credit cards. In that case, you can apply for the new unsecured cards, and if approved, you can close the secured credit card and receive your deposit back!