Guaranteed
approval credit cards with $1,000 limits for bad credit are typically
secured credit cards. Secured credit cards require a security deposit, which is
used as collateral in case the cardholder fails to make payments. Because the
security deposit reduces the risk to the lender, secured credit cards are often
easier to obtain than unsecured credit cards for people with bad credit.
However, secured credit cards often come with higher interest rates and fees
than unsecured credit cards, so it's important to read the terms and conditions
carefully before applying. Using a secured credit card responsibly by making
payments on time and keeping balances low can help improve your credit score
over time.