Guaranteed credit cards are good for people who have little or no credit history with lenders. Most people seeking a guaranteed card experience some trouble getting credit from standard lending banks. With a guaranteed mastercard or visa this means that you can still get the great benefits of a credit card if you have a bad credit history, mortgage problems or other credit problems like no built up credit at all.

Its almost impossible now days to rent a car or a hotel without a credit card. The guaranteed cards do have some drawbacks since you won’t be getting a very high credit limit. But its a start back on the right track. Just make sure you pay your card on time or you could further damage your credit if you don’t manage the card effectively. The Capital One secured mastercard has one of the fastest credit card application wait times only taking about 30 seconds for a response. Its almost instant once you fill out the application.

Some well known guaranteed credit cards are:

• Capital One Secured Mastercard
• CIBC Secured VISA
• Home Trust Secured VISA
• Peoples Trust Horizon Plus Secured Mastercard

Guaranteed credit cards can also help you to improve your credit if you manage them properly and pay your bill on time. You often see people trying to rebuild credit applying for 2 or 3 secured cards and trying to rebuild their credit faster. You can compare all our secured and guaranteed credit cards by using our new comparison service to find the best mastercard or visa for you.