By David
With the economic downturn as bad as ever, credit card companies are being more selective than they ever have about who they’ll give a credit card to. If you are one of the many who have bad credit or who have not even started building credit yet, you may find that obtaining a credit card can be a difficult and challenging endeavor. While there are plenty of cards out there to apply for, there are those that will bring you more success than others. Below we will show you a few different ways to find a credit card for no credit.
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Prepaid cards
While using a prepaid card is not going to repair or build your credit, it can be a good option for those struggling to obtain a credit card. If you just need the card for online purchases, a more efficient way of carrying or managing your money, or to initially learn how credit cards work and how best to use them, than a prepaid card is a good choice for you. The prepaid option is one of the easiest ways to find a credit card for someone with no credit. Just sign up online and deposit the amount of money you want on the card to get started.
Bank credit cards
Many banks will offer credit cards to their account holders that are easier to get approved for than credit cards you try to get on your own merits. These cards typically have a slightly higher annual percentage rate, but are also attached to your online bank account making your credit card payments a quick and easy, hassle free process. If you need to use a credit card to repair or build your credit you will want to start by applying for a credit card from your bank before exploring other options.
Click here to compare credit card offers and save hundreds. Compare multiple lenders in one place.
High interest credit cards
If you have been turned down for other cards due to extremely bad or no credit, this may be your best option. Many card companies use these high APR cards with relatively low credit limits as a part of credit recovery programs intended to help people restore severely damaged credit. These are arguably one of the worst credit cards to use, but in some cases may be among the only options when trying to find a credit card for no credit.
Choose a card and apply
Once you have decided between the different types of cards available to help find a credit card for someone with no credit, you will want to go ahead and apply. As is often the case with bad credit or no credit, you may be turned down several times, but do not get discouraged. If you do not get the first one you apply for, try a few others. There are many different programs available, each with its own set of rules for whom to issue cards to. Odds are that eventually you will find a lender who is willing to extend a line of credit to you.
Click here to compare credit card offers and save hundreds. Compare multiple lenders in one place.
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