Secured credit cards backed by a cash security deposit are universally recognized as the easiest credit cards to get approved for, making them ideal for individuals with damaged credit or no credit history. Because the issuing financial institution holds a security deposit that typically equals the assigned credit limit, the default risk is entirely eliminated, allowing banks to approve nearly all applicants regardless of past financial missteps. Store-branded retail credit cards also feature relaxed underwriting standards, though they usually carry much higher interest rates.