For many people, starting or rebuilding their credit is one of the hardest parts of their day to day life. With the current state of the economy, more and more people are finding it hard to maintain their payments and there are many people who have already gone through the bankruptcy or debt consolidation process. All of this makes it harder to get card and start the rebuilding process. Additionally, many lenders don’t want to offer cards to younger people because of the risk of general irresponsibility.

Thankfully, Visa has been offering credit cards, through their various bank affiliations, to those who need them for years. They can do this by offering the card to people at a lower limit of $300 and a higher interest rate. This means that, if you do default for some reason, they won’t be losing too much money if you can’t pay it back right away and will be more likely to recover most of their losses should collections be necessary.

Many affiliates of Visa (Capital One, Bank of America, Chase, etc.) are able to guarantee approval for these cards because of how little credit history is needed to back them. Generally, if you have a bank account or can provide some proof of income, you can qualify for these cards. Nevertheless, it is important to keep an eye on your interest rates as some of these cards can range from 7.9% to 20% or even more sometimes.