Credit cards are a necessity these days. Credit cards also make transactions easier for you. The problem is that when you apply for one, most issuers will check your credit score. What should you do in case you do not have a credit history? Everyone starts their financial life at one point in time or the other. That is when you will face this issue.
Fortunately, a few issuers can provide you with a credit card with no credit as well. You can use these credit cards in turn to build your credit score. The more you use these credit cards, the easier it will be to build your credit. However, if you start checking the requirements of every credit card, it will take you hours. Then too, it will become difficult for you to find credit cards to build credit with no credit.
To help you avoid all of this trouble, we have highlighted the 10 Best credit cards to build credit with no credit. We have already researched for you so that you can easily get approved for these credit cards. Not only that, we will share with you a guide below the list. Once you go through these guides, choosing between these credit cards will undoubtedly become easy. Once you go through this article, getting a credit card despite having no credit is certainly possible.
- The 10 Best Credit Cards To Build Credit With No Credit
- 1. Petal 2 “Cash Back, No Fees” Visa Credit Card
- 2. Discover IT Secured Credit Card
- 3. Capital One Secured Mastercard
- 4. Discover it Student Cash Back
- 5. Self – Credit Builder Account + Secured Visa Credit Card
- 6. First Progress Platinum Elite Mastercard Secured Credit Card
- 7. OpenSky Secured Visa Credit Card
- 8. Deserve EDU Mastercard for Students
- 9. Citi Secured Mastercard
- 10. Mission Lane Visa Credit Card
- How To Choose Between These Credit Cards?
- Frequently Asked Questions (FAQ)
The 10 Best Credit Cards To Build Credit With No Credit
|Sr. No.||Credit Card||Type||Max APR||Annual fee|
|1.||Petal 2 “Cash Back, No Fees” Visa Credit Card||Unsecured||26.99%||0|
|2.||Discover it Secured Credit Card||Secured||22.99%||0|
|3.||Capital One Secured Mastercard||Secured||26.99%||0|
|4.||Discover it Student Cash Back||Unsecured||21.99%||0|
|5.||Self – Credit Builder Account + Secured Visa Credit Card||Secured||15.92%||0|
|6.||First Progress Platinum Elite Mastercard Secured Credit Card||Secured||13.99%||$39|
|7.||OpenSky Secured Visa Credit Card||Secured||17.39%||$35|
|8.||Deserve EDU Mastercard for Students||Unsecured||18.74%||0|
|9.||Citi Secured Mastercard||Secured||22.49%||0|
|10.||Mission Lane Visa Credit Card||Unsecured||29.99%||$59|
1. Petal 2 “Cash Back, No Fees” Visa Credit Card
The credit card has a $0 fee. Additionally, they do not charge foreign transaction fees or balance transfer fees as well. You can consider it to be a no-fee credit card.
It is suitable for individuals with a no credit, good credit, or fair credit score.
The APR varies between 12.99% to 26.99%.
The card can offer you cash back up to 10% as well on select merchants. The usual cashback is in the range of 1%.
You can quickly get credit limits between $500-$10,000.
Since you do not require any credit history, you can quickly get approved. You can use it for building your credit as well since it reports to the bureaus.
Thus, if you need a credit card to build your credit and which provides easy approval without having to worry about any fees, this is the one which you should go with.
2. Discover IT Secured Credit Card
Secured credit cards are the best options for building credit and having no credit currently. The card which we are speaking about now is one such credit card.
It does not charge any annual fee. It provides 2% cashback at the gas stations and restaurants as well.
There is unlimited 1% cashback as well.
With a regular APR of 22.99%, you can plan your expenses.
There are generous welcome bonus promotions available with this credit card.
Moreover, the company reviews your spending from time to time. If you display your creditworthiness, you can turn this secured credit card into an unsecured one as well. Then, getting back your deposit is undoubtedly easy.
The minimum deposit of this credit card is $200. You can deposit as much as $2500 as well to get almost an equivalent credit limit.
Since it reports to the bureaus, when you pay on time, you can build your credit as well.
Thus, if you want to opt for the credit card with the easiest approval process, this one is a strong contender.
3. Capital One Secured Mastercard
The next credit card on our list is once again a secured one.
There are no balance transfers or foreign transaction fees as well. That is why, when using this credit card, you will not have to pay unnecessary fees.
To get the approval, you will not need any credit history. However, when you use this credit card regularly, it can help you build credit.
The best feature of this credit card is that the minimum deposit is pretty low. The deposit starts at $49.
Once you make payments on time, it is easy to get higher credit limits as well.
You can easily change your due date according to your convenience.
The 26.99% APR might be a bit on the higher side, but regular APR means you can plan your spending.
Thus, if you’re searching for a credit card with a low limit and which allows you to build your credit history, this is the one which you can go with.
4. Discover it Student Cash Back
The card we are highlighting can help you gain 5% cashback on everyday purchases from popular websites and restaurants.
You get 1% unlimited cash back on all purchases.
With the help of a $0 annual fee, you will not have to worry about paying additional fees.
The regular APR varies between 12.9% and 21.99%.
With the 0% intro APR, you can easily use it for larger purchases as well.
There is a 3% intro balance transfer fee. After that, the regular one is 5%.
The card does not have any foreign transaction fee as well. It means that you can use it in any country without any worry.
To get approval, you need not have any credit history. You can build your credit once you use this credit card and pay it off regularly.
Since it is a student’s credit card, you can get $20 credit for GPA 3.0 or higher.
Thus, when you’re looking for a credit card with regular cashback, you can go with this one.
5. Self – Credit Builder Account + Secured Visa Credit Card
Another option which you have is to opt for a credit-builder account. The one we are speaking about now offers you an account and a secured Visa credit card. It means that you can build your credit quickly once you go for this option.
The secured card ensures that you can quickly get a credit card. You do not need any credit history for the same.
Since the card reports to all three bureaus, it is easy for you to build up your credit history.
The credit card is accepted at millions of locations all over the country.
The security deposit which you make is refundable as well.
The regular APR is 15.92%. In comparison with other cards, that is much lower.
With the help of auto-pay, reminders, mobile app, and customer support, using this credit card is certainly easy.
Thus, if you want to build your credit quickly, this option is certainly is a good choice.
6. First Progress Platinum Elite Mastercard Secured Credit Card
Do you prefer a credit card with a low APR?
If so, you should get this one. It offers an average APR of 13.99%. That is why; you will not have to pay higher interest charges.
The annual fee is $39. It means that you will not have to pay a lot of money in annual fees either.
You need not require any credit history for approval. You can complete the application process online as well.
The secured credit card ensures that the approval process is pretty simple.
Depending on the deposit, you can get a credit line anywhere from $200-$2000.
The 24/7 online account access ensures that you can monitor your spendings quite easily.
When you apply for this credit card, you will not have to worry about any impact on your credit score.
Thus, if you’re looking for a secured credit card that helps you build credit and has an easy application process, you can go with this one.
7. OpenSky Secured Visa Credit Card
The card we are highlighting now provides you with approval even if you do not have any credit history. With the help of a refundable deposit, it is easy for you to get approval.
It reports to all three credit bureaus. That is why; it becomes easier for you to build your credit score as well.
The card also offers you access to a Facebook community which helps you build credit.
The 17.39% APR certainly makes this card a good choice. The annual fee is only $35. Once again, the annual fee is pretty affordable.
Thus, if you’re looking for a no-frills credit card that can help you build credit and has an easy application process, you can go with this one.
8. Deserve EDU Mastercard for Students
The card which we are highlighting now offers 1% unlimited cashback. It means that no matter where you spend your money, you can get 1% cashback.
The APR is 18.74%.
Along with that, you get one year of Amazon prime student membership for free. You have to spend $500 in the 1st three months, and you can get this membership easily.
It offers secure cell phone protection up to $600 as well. With no annual fees or no deposit required, it is easy to get approval for this credit card.
There are no fees on international transactions as well.
You can easily refer someone else, and on activation of their card, you can get $30 in statement credit as well.
With the help of app access, managing your spending and monitoring it is easy.
You can set up automatic payments as well.
You can see if you qualify for this credit card or not. Even if you do not qualify, you will not have to worry about downgrading your credit score.
Additionally, the card offers you ID theft prevention as well as rental cover.
Thus, it is another credit card with an easy application process and various other benefits.
9. Citi Secured Mastercard
The secured credit card, which we are highlighting, now has a $0 annual fee. The APR is also 22.49%.
Since it reports to three credit bureaus, it is easy for you to build your credit score.
The MasterCard, which we are speaking about now, is accepted worldwide.
The minimum security deposit is just $200. That is why getting approval is easy.
With the help of account alerts, it is easy to monitor your spending. Also, it offers auto-pay as well. Autopay ensures that you never miss a payment.
You can change your due date according to your convenience. It ensures that paying on time is certainly easy.
With the help of a mobile app, phone, and 24/7 online support, managing your account is certainly easy.
Thus, it is one of the best credit cards to build your credit score.
10. Mission Lane Visa Credit Card
The card which we are highlighting now is suitable for individuals with no credit or low credit score.
Once you make the first six payments in a timely fashion, you get a higher credit line.
Also, it allows you to monitor your credit score for free online.
With the help of instant decisions on your application, getting this credit card is undoubtedly easy and quick.
When you pay in full, you will not have to worry about interest in the purchases.
With no security deposit required, you will not have to shell out a lot of money.
The annual fee is $59.
The APR is up to 29.99%.
With the help of mobile app access, it is easy for you to monitor your account.
Whichever way you look at it, this credit card does not disappoint.
Thus, when you need to opt for credit cards to build credit with no credit currently, these are the ten options you can go with. Before choosing between these credit cards, take a look at my guide below to help you choose between these ten options.
How To Choose Between These Credit Cards?
While comparing these ten credit cards, you should consider things like:
- Annual fees
Ideally, you should choose a credit card with no annual fee. If that is not possible, you should go with a credit card that has low annual fees.
You need to remember that while initially, the annual fees might seem lower, but you will have to pay them every year. That is why things can add up in a few years.
That is why you have to look at the annual fees and then take a call.
- Approval process
There is no point in going with credit cards which will get rejected eventually. That is why; you have to choose a credit card that has an easy application process. When that is the case, getting your hands on a credit card will become easier.
The list above consists of secured as well as unsecured credit cards. Your 1st option should be to go with unsecured credit cards so that you do not have to set aside any amount.
When that is not possible, you can go with the secured one. The secured one has an excellent approval ratio. That is why, once you are sure that you cannot go with the unsecured credit card, you can go with the secured one.
- Additional perks
You have to look at the additional perks of the credit card, like introductory APR, cashback, rewards, etc.
When they have such additional perks, they are certainly better than others.
You need to compare the above ten credit cards on these four parameters to choose the best one.
We will now answer some FAQs pertaining to credit cards to build credit with no credit.
Frequently Asked Questions (FAQ)
So, just because you have no credit score does not mean that you cannot build your credit. You can enjoy the benefits of a credit card. You need to go through the list of 10 Best credit cards to build credit with no credit above. Once you apply for those credit cards, enjoying the benefits of a credit card is easy.