Credit cards are payments that are used for many purposes, for examples, pay bills, rent, shop online, buy in markets. Everyone needs a credit card as a non-cash payment.
When you want to have a credit card but don’t have the credit score, you may want to know about the best credit cards for beginners with no credit. Read the information below to know more about it.
Things You Have to Know about Credit Cards with No Credit
Some of you may be familiar with credit score. Without the credit score, people will be more difficult to get a credit card. Why? It is because credit score is important to apply for a credit card. It refers to scores relate to your credit—whether you have a good track record in credit or not. But the problem is, not every person has the good credit score. Even, they don’t have the credit score because they are a beginner.
When it happens to you, you may want to get the best credit card that is not influenced by credit score. For your information, people with no credit should pay more for their credit card. But, don’t worry because there are some ways to get a credit card with no credit score. The easiest way to get a card with no credit score is getting a job.
Yes, you need to get a job if you want to get a credit card. Banks usually allow a beginner to get a credit card as long as the beginner has the ability to pay the bill every month. If you have a stable salary every month, the bank will be easier to give a credit card to you. The higher the salary you get, the larger your credit limit will be. So, make sure you get a job first before you apply for a credit card.
Another way you can try is applying for a student credit card. If you are a college student and want to have a credit card, then you can apply for a student credit card. It is also a good choice for beginners who want to have a credit card with no credit. But, there is an important thing you need to note. Be careful when choosing a student credit card. You have to choose a credit card with a low annual fee and low-interest rate. Many banks offer student credit card with a higher annual fee and interest rate, and it just makes you difficult to pay the bill every month.
Another way you can try is applying for a credit card with co-signer. It can be done if your parents have the good credit score. So, you can ask your parent to be your co-signer, so you can have a credit card with no credit. By asking the co-signer to help you, it means your co-signer will be able to see your transactions and purchases. It helps you to control your will, and finally, you can use the credit card responsibly.
Read Also: All about Loan Payoff Calculator
Some Best Credit Cards for Beginners with No Credit
You can try some ways mentioned above to apply for a credit card, although you don’t have the credit score. But if the ways above can’t help you, there are some recommended or best credits cards for beginners with no credit. Here are the cards that can be your recommendation:
Read Alaso: Unsecured Credit Cards for Bad Credit
Capital One Secured Mastercard
It is one of the top credit cards for beginners with no credit. With no annual fee, the card will really give you benefits. As we know that many credit cards come with the high annual fee. But, it will not happen if you choose Capital One Secured Mastercard. Different from prepaid cards, Capital One Secured Mastercard can build your credit card if you use this card responsibly. Finally, your credit score will be reported to the 3 major credit bureaus.
By choosing this card, you can get an initial $200 credit line after making a security deposit of $200, $99 or $49. If you always pay the credit responsibly in 5 months, you have a chance to access a higher credit line. So, try to always pay for credit responsibly, it really helps you to get the good credit score and also the higher credit line. For your information, Capital One Secured Mastercard has been used by millions of people whole the world.
Green Dot Primor Visa Gold Secured Credit Card
It is also a good recommendation for you. The credit lines offered by this credit card are available from $200 to $5000. It is so amazing for beginners with no credit. Not only offers higher credit lines than other credit cards, this credit cards also offer low-interest rate, which is 9.99% on purchases. And good news for you, this credit card comes with no penalty rate.
All people with no credit or low credit score can apply for this credit card. The credit card can be given without paying for processing or application fees. Even, it can also strengthen your credit score as long as you use the credit card responsibly. The process to get this credit card is very fast. You just need to choose your credit line, and then open your Personal Savings Deposit Account. It is done to secure your line.
OpenSky Secured Credit Visa Card
It is another recommended and top credit card for a beginner with no credit. If you want to get this card, you don’t need to worry about your credit score. Without credit checking, you can get this credit card. The lowest credit line you can choose is $200. This credit card helps you build your credit score because it will report your score to 3 major credit bureaus.
Many people have used this credit card for 6 months, and finally, they get a good credit score. It is very useful to you. When you have the good credit score, you have a chance to get other credit cards. If you have any questions or something to share about OpenSky Secured Credit Visa Card, you can join the Facebook community of people who have used OpenSky Secured Credit Visa Card. They will answer your question and also share their experience.
There are still many top or recommended credit cards for beginners with low credit score or without the credit score. Other best credit cards for beginners with no credit are First Progress Platinum Select MasterCard Secured Credit Card, Ink Business Cash Credit Card, Merrick Bank Double Your Line Visa Credit Card, USAA Secured Card Platinum Visa, Citi ThankYour Preferred Card for College Students, and The Secured Visa from Merrick Bank.