Best credit cards for 550 credit score with instant approval

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Best credit cards for 550 credit score with instant approval: If you have a 550 credit score, getting approved for a credit card can be challenging. However, some issuers specialize in subprime credit cards that offer instant approval (or near-instant decisions) even with poor credit.

Can You Get a Credit Card with a 550 Credit Score?

Yes! While most traditional credit cards require a good credit score (670+), some lenders offer secured and unsecured credit cards designed for poor or bad credit (300-579 FICO).

Key Features of Credit Cards for 550 Credit Scores:

✔ High approval odds – Designed for bad credit
✔ Secured or unsecured options – Some require a deposit
✔ Fast approval decisions – Some offer instant approval
✔ Credit-building tools – Reports to all 3 bureaus
✔ High fees & APRs – Common with subprime cards

5 Best Credit Cards for a 550 Credit Score (Instant or Quick Approval)

1. Credit One Bank® Platinum Visa® for Rebuilding Credit

  • Type: Unsecured

  • Credit Score Needed: 550+ (Poor/Bad Credit)

  • Approval Time: Instant decision (full approval in days)

  • Annual Fee: 0−99 (varies by creditworthiness)

  • APR: 29.74% (Variable)

  • Key Features:

    • Pre-qualification with no hard pull

    • Cashback rewards (1% on eligible purchases)

    • Free credit score tracking

Best for: Those who want an unsecured card with rewards despite bad credit.

👉 Check Eligibility (Soft Pull) – https://www.creditonebank.com

2. Capital One Platinum Secured Credit Card

  • Type: Secured (Requires deposit)

  • Credit Score Needed: 550+ (No credit check for some applicants)

  • Approval Time: Instant decision (full approval in days)

  • Annual Fee: $0

  • APR: 30.74% (Variable)

  • Deposit Required: 49,99, or $200 (based on credit)

  • Key Features:

Best for: Those who want a low-deposit secured card from a major issuer.

👉 Apply Here (Pre-Qualify Available) – https://www.capitalone.com

3. Discover it® Secured Credit Card

  • Type: Secured (Requires deposit)

  • Credit Score Needed: 550+ (Poor/Bad Credit)

  • Approval Time: Quick decision (not instant)

  • Annual Fee: $0

  • APR: 28.74% (Variable)

  • Deposit Required: 200−2,500

  • Key Features:

    • Cashback rewards (2% gas & dining, 1% else)

    • Deposit refundable after 8 months of good use

    • Free FICO score access

Best for: People who want rewards + credit-building with a secured card.

👉 Check Eligibility (Soft Pull) – https://www.discover.com

4. OpenSky® Secured Visa® Credit Card

  • Type: Secured (No credit check)

  • Credit Score Needed: None (Approves all credit types)

  • Approval Time: Instant approval (after deposit)

  • Annual Fee: $35

  • APR: 21.64% (Variable)

  • Deposit Required: 200−3,000

  • Key Features:

Best for: Those with no credit or very poor credit who need guaranteed approval.

👉 Apply Here (No Credit Check) – https://www.openskycc.com

5. First Progress Platinum Elite Mastercard® Secured Card

  • Type: Secured (No credit check)

  • Credit Score Needed: None (Approves all credit types)

  • Approval Time: Instant decision (after deposit)

  • Annual Fee: $29

  • APR: 20.24% (Variable)

  • Deposit Required: 200−2,000

  • Key Features:

Best for: People who need a secured card with a lower APR.

👉 Apply Here – https://www.firstprogress.com

Alternatives if You Can’t Get a Credit Card

If you’re denied for the cards above, try:

✅ Credit-Builder Loans (Self, Credit Strong)
✅ Authorized User Status (Ask a family member)
✅ Secured Cards with Lower Deposits (Chime Credit Builder)

How to Improve a 550 Credit Score Fast

To boost your score and qualify for better cards:

  1. Pay bills on time (35% of your score)
  2. Keep credit utilization below 30%
  3. Dispute errors on your credit report
  4. Avoid new hard inquiries
  5. Mix credit types (Installment + revolving)

Final Verdict: Best Card for 550 Credit Score

Card Type Approval Speed Best For
Credit One Platinum Unsecured Instant Decision Rewards + Bad Credit
Capital One Secured Secured Quick Approval Low Deposit
Discover it Secured Secured Quick Approval Cashback Rewards
OpenSky Secured Secured Instant Approval No Credit Check
First Progress Secured Secured Instant Approval Lower APR

FAQ

1. Can I get a credit card with a 550 credit score?

Yes—secured and some unsecured cards are available.

2. What’s the easiest card to get with a 550 score?

OpenSky and First Progress (no credit check).

3. Do these cards report to credit bureaus?

Yes, all listed cards report to Experian, Equifax, and TransUnion.

4. How can I get instant approval?

Pre-qualify first (soft pull), then apply for fast decisions.

5. How fast can I improve my 550 score?

With good habits, you could reach 600+ in 6-12 months.



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