5 Great Credit Cards for People with No Credit History
One of the leading reasons that credit card applications get rejected is because the applicant’s credit score is lower than required. Fortunately, even if you have no credit whatsoever, there are still plenty of great options to choose...
One of the leading reasons that credit card applications get rejected is because the applicant’s credit score is lower than required. Fortunately, even if you have no credit whatsoever, there are still plenty of great options to choose from. While the terms may be less favorable than those offered to people with higher credit scores, your credit level will gradually improve, if you consistently making your monthly payments on time. Soon enough, you’ll qualify for more attractive credit cards that boast higher monthly limits and better perks—but it all starts by being responsible and signing up for one of the five credit cards below.
1. Capital One® Secured MasterCard®
With no annual fee and a relatively low initial credit line, the Capital One® Secured MasterCard® is a strategic way to start building your credit score while keeping the risks low. Even if you have a low credit score, this card is an opportunity to start rebuilding your credit, one month at a time. Plus, you’ll have unlimited access to your credit score—for free—so you’ll be able to see your credit score climb with your own eyes.
2. OpenSky® Secured Visa® Credit Card
The application process for this secured OpenSky® card couldn’t be easier, and it shouldn’t take more than 10 minutes to complete the entire 4-step process. Even better, at no point of the application process will there be a credit check, so there’s no reason to fear having your application rejected. Moreover, one of the big advantages of this no-credit option is that you’ll be able to set your own monthly limit, dependent on OpenSky®’s approval.
3. Fingerhut® Card
If you’re tired of having your credit card applications turned down and are looking for instant approval, then Fingerhut® may be a dream come true. Even if your financial history is full of missteps, you’ll be eligible for a card, which can be used to purchase a wide variety of products. With low monthly payments and no annual fee, there’s a lot about the Fingerhut® card which makes financial sense for those without credit.
4. Western Union® NetSpend® Prepaid MasterCard®
The Western Union® NetSpend® Prepaid MasterCard® allows individuals, especially those with bad credit, to take advantage of an excellent prepaid card that comes with tremendous conveniences. For example, you’ll be able to send money to over half a million Western Union locations all over the world from your cell phone—you’ll even be able to direct deposit your checks. Since it’s not officially a credit card, you’ll never have to worry about interest payments, late fees, or having to go through a credit check.
5. Total VISA® Credit Card
With easy approval and a low processing fee, the Total VISA® Credit Card is accessible even if you’ve made mistakes handling your credit in the past. The monthly limit is set to ensure that you stay within your financial means, and your monthly payments won’t be out of reach. For a credit card which understands that small financial steps can pay off big time in the long run, look no further than the Total VISA® Credit Card.