To get a credit card with no credit history, you have several options tailored for beginners or those without an established credit score:
Types of Credit Cards for No Credit
- Secured Credit Cards : These require a refundable security deposit that usually sets your credit limit. They are designed for people with no credit history and can help build credit when used responsibly. Examples include Discover it® Secured and OpenSky® Secured Visa® Credit Card
- Student Credit Cards : These unsecured cards are aimed at college students and typically do not require a deposit. They function like regular credit cards but have eligibility criteria related to student status
- Store Credit Cards : Some store cards do not require credit history, especially closed-loop cards usable only at that retailer. They may be easier to get but have limited use
- Alternative Credit Cards : Some newer cards use alternative underwriting methods considering income, expenses, and banking history rather than credit scores. For example, the Petal® 2 Visa® Credit Card does not require a security deposit and offers cash back rewards
- Cards with No Credit Check : Some secured cards like Firstcard® Secured Credit Builder Card do not require credit checks or Social Security numbers, making them accessible to newcomers or those without traditional credit data
How to Apply
- Gather Required Information : Full legal name, Social Security number (or ITIN), address, income, employment status, and housing costs are typically needed
- Check Pre-Approval or Pre-Qualification : Many issuers offer tools to see your chances of approval without impacting your credit score
- Submit Application : You can apply online, by phone, or in person. Approval decisions can be instant in many cases
Tips for Success
- Start with unsecured cards if possible (like Chase Freedom Rise or Discover it®), then consider secured cards if denied
- Consider cards from your current bank to leverage your existing relationship
- Always pay your balance in full and on time to build credit effectively.
- Be aware of fees, interest rates, and rewards programs when choosing a card
In summary, secured credit cards and student cards are the most common starting points for those with no credit history, but newer alternative cards and no-credit-check options also exist to help you build credit responsibly
