Credit Cards for People with No Credit
Credit cards for people with no credit are few and far between. When you request a credit card, these financial institutions don’t look at who you are and what you have been through. They base their decision on that one number that describes your credit history. If you have no credit and are looking for a short-term loan to pay a bill, time feels like it is crushing you. You search for multiple credit cards for poor credit and you come up empty. You know you need to pay this unexpected bill and worry starts to seep in. What can you do?
Limitations of Credit Cards for People with No Credit
If your searches online are producing little results for finding a credit card for people with no credit, you are not alone. In fact, thousands of people deal with this on a daily basis. The credit cards that may approve you with no credit come with high-interest rates and low cash lending.
This means that you may not have enough of a money loan to pay your bills with these credit cards for no credit. And when you do use it, you can end up with added fees and ridiculous amounts of interest. Not to mention the amount of time it takes to get a credit card. After your request, the card has to be sent through the mail and can take up to 10 days. If you need cash now, credit cards can’t help you.
Getting a Payday Loan Instead
A payday loan may be the best option for you when you need to pay a bill now. Our payday loans take as little as an hour to get approved and don’t require your full credit history. Your financial situation is a personal matter and we take that very seriously. We never ask you for the reason you need the loan and we work with you to get you the money you need. You don’t need to hurt your credit further by getting a different loan. Our loans can help you to rebuild your financial life.
Our loans are direct lender loans and come with competitive interest rates. To request, you need to be between the ages of 18-65 with a cell phone that can receive text messages. Other than that you need a pay stub to verify your income, a current debit or credit card, and a bank account we can send your money to. After this, your request can be approved in just an hour and you can have the cash you need by the end of the day.
Don’t be fooled by credit cards for people with no credit. Our payday loans can help you build future financial success. The process is quick, easy, and completely confidential.
There are other options you can consider to get that much-needed credit line. Building a good credit history takes time, but if you need the money in the near future, you do not have much time for that.
Petal Visa Credit Card
The Petal Visa credit card is an option for one of the credit cards for people with no credit. It has been gaining ground for some time now and is now offering additional rewards. Users of this card can earn a 1% flat cashback rate on all purchases made. This rate gradually increases as you use the card for longer and make card payments on time. After 6 months of paying on time, the cashback rate moves up to 1.25%. After 12 months of on-time payments, the cashback rate goes up again and gets you to 1.5%.
The Petal Visa credit card is a great benefit if you have a short credit history or don’t have one at all. One of the best parts about this card is that there are no fees associated with it—no annual fee, no late fees, no fees for foreign transactions, and no APR penalties. No security deposit is required for this credit card.
The APR rate ranges from 15.24% – 26.24%. By making your monthly payments on time, you can steadily build up credit and avoid damaging your existing score. It should be noted that this card does not offer an initial interest-free period or a sign-on bonus as some other cards do. You can find out more about the terms and conditions of this card to start improving your credit score and enjoy some e cash-back rewards.
Apply for a Secured Credit Card
If you do not need an immediate loan, you can apply for a secured credit card to start building credit. This kind of credit card is backed by your own cash deposit, and you can only borrow against does. What this allows is for you to prove that you can handle having credit and making your payments on time. There are many options for where to get this kind of credit card.
Long-term Goals to Get Credit Cards for People with No Credit
If you find yourself with no credit history or a short credit history, you are in a good place to start thinking about your long-term financial situation. If you do not have a pressing need for a credit line such as a loan, you should still work on your credit to prepare for a rainy day. You can build credit in several ways, some of which have already been covered. You can apply for a credit card such as the Petal Visa credit card, which is available for people with a short credit history. You can use a secured credit card, get a co-signer, apply for a credit-builder loan, or become an authorized user on someone else’s credit card.
Once you have applied for any one of these options, you need to adopt some healthy financial habits to build your credit and avoid harming it or incurring excess fees. Some of the good habits to practice once you have received any credit line include making your monthly payments on time and understanding the terms, conditions, and charges associated with the card. You should also aim to pay as much of your balance as possible each month or at least 70% of your credit limit.
Even if you have never thought to build a credit score or were not in a position to, there are various options for credit cards for people with no credit. Evaluate which ones apply best to your need and position and apply for the one that makes the most sense.