Without a good credit history, it can often be very difficult to do some of the things that many people take for granted. Simple things such as purchasing a car or renting an apartment can become much trickier than they need to be.
As such, if you currently find yourself in this position, it’s a good idea for you to build credit. Luckily, there are some amazing introductory credit cards that will allow you to do just that. These credit cards for no credit do not require you to have an existing credit history in order to be approved.
Discover It Secured Credit Card
In many ways, the Discover It Secured Credit Card is the perfect card to build credit with. You will receive a credit line equal to the refundable deposit amount that you put down. With this card, you won’t have to worry about paying any annual or monthly fees. You will also get to enjoy 2 percent cash back at gas stations and restaurants, and 1 percent back everywhere else. Discover helpfully provides you with monthly updates on your credit score growth, so you always know where you stand. When it comes to credit cards for no credit, the Discover It Secured Credit Card is tough to beat.
Capital One Secured Mastercard
The Capital One Secured Mastercard works in much the same way as the Discover It Secured Credit Card. You will receive an initial $200 line of credit after making an initial security deposit. You can then use your card absolutely anywhere that they accept Mastercard. Once you have proven your ability to successfully pay off your balance each month. Capital One will refund your deposit and may even increase your line.
Citi Secured Mastercard
The Citi Secured Mastercard is very similar to the Capital One Secured Mastercard. While the Capital One offering automatically starts you out with a $200 line, the Citi Secured Mastercard allows you to choose your own line. In other words, if you would prefer to have a $500 line, you can – you just need to put down a refundable $500 security deposit. Both the Citi and Capital One options are excellent credit cards for no credit, and both will help you to build credit in an easily manageable way.
Total VISA Unsecured Credit Card
Unlike the secured card options, the Total VISA Unsecured Credit card does not require you to put down a security deposit. As such, this card is an excellent way for you to build a credit history on a budget. The application process is fast and easy, and the card is accepted nationwide. Total reports your payments to all three credit bureaus every month, something that is extremely important for credit cards for no credit. With regular on-time payments, you will soon see your credit score grow.
Journey Student Rewards from Capital One
The Journey Student Rewards from Capital One card is an excellent option. As credit cards for no credit go, this option offers quite a few perks. Students can earn up to 1.25 percent cash back on all of their purchases. Students can pick a monthly due date that works best for them. You will even be able to watch your credit score grow on Capital One’s handy CreditWise app.
USAA Secured American Express Credit Card
Many military members and their families love to do business with USAA. They continue to do so as they build their credit history by opting for the USAA Secured American Express Credit Card. This card offers the same consumer protections as any other American Express card.