Three out of every four Americans has at least one credit card in their wallet. And with nearly major store chain, airline, hotel, and more offering their own credit cards and plenty of attractive bonuses, it’s no wonder most of us have more than one.
But while opening additional cards in your name might seem easy enough, getting that first card can be a challenge.
With no credit cards, mortgages, or car payments, you have no credit history. This can make it nearly impossible to get approved for most major credit cards. Just like getting a payday loan online or bad credit loan, it seems like only the highest interest rate cards are available for you.
Luckily, there are plenty of cards out there designed for those with no credit score, to help them start working towards building credit.
Keep reading to learn 7 of the best credit cards for no credit.
1. Capital One Secured Mastercard
When you don’t have the credit you need to get approved for a regular credit card, there are many things that are off limits.
If you want to place an order on Amazon, book your next vacay online, or even play games on your smartphone, you need a credit card number. You could go out an buy a prepaid card. But these often come with fees to open them. When they run low, you’ll have to go out to refill them or buy new ones.
You also can’t get a card worth more than the cash you have on hand.
A secured credit card is a great alternative. They make for a good first credit card because you don’t need a strong credit history, or any credit history at all, to qualify.
Instead, you’ll make a security deposit that will determine your line of credit.
The Capital One Secured Mastercard offers holders a $200 credit line after a $49, $99, or $200 deposit, depending on the individual’s financial history. Then, if you make your first 5 payments on time, you may be eligible for an increase in your line of credit.
With no annual fee, this card is perfect for anyone looking to start building their credit history.
2. Citi Secured Mastercard
Another great secured credit card with no credit option is the Citi Secured Mastercard.
After a minimum of $200 for a deposit, you’ll get a line of credit and a credit card that will help you start building strong credit from the ground up.
Citi helps you stay on track with alerts, Auto Pay, Bill Pay, and more.
3. Journey Student Rewards from Capital One
If you are a college student looking to start building your credit history with Capital One so that you can buy a car or get a good apartment after graduation, this might be the best first credit card for you.
This flexible card makes it easier for students to learn how to responsibly handle a credit card. There’s no annual fee and no fraud liability, so you won’t end up spending more money as you work towards a strong financial future.
This isn’t a secured credit card, which means no deposit. While your initial credit line may be low, if you make your payments on time for the first 5 months you can request a credit line increase.
The average college graduate in the U.S. leaves school with more than $37,000 in debt. The last thing you want to do is add credit card debt to that number.
You can choose your payment day so that you can maximize your ability to never miss a payment. Plus, you’ll get 1 percent back on all purchases, and 1.25 percent back on all purchases during months when you pay your payment on time.
4. Capital One QuicksilverOne Cash Rewards Credit Card
If you have even a very limited amount of credit, you may be eligible for the Capital One QuicksilverOne Cash Rewards Credit Card.
A traditional credit card rather than a secured card, the QuicksilverOne offers one of the highest percentages of cash back rewards available, at 1.5 percent on all purchases.
This card does have a high interest rate and a $39 annual fee. But if don’t have a strong credit history and are confident that you will be able to make your monthly payments, this is a great card for not only building credit but also scoring a few sweet rewards along the way.
5. OpenSky Secured Credit Visa Card
No credit, no problem when it comes to the OpenSky Secured Credit Visa Card.
This secured credit card is perfect for those who need a higher credit line but don’t have the credit score to qualify for one. You pick your deposit to set your own credit line, with a minimum line of $200.
OpenSky reports to all 3 major credit bureaus, so you can start building your credit fast. Plus, they offer Facebook support groups, educational pages, and more to help you learn how to better manage your finances.
6. Merrick Bank Double Your Line Visa Credit Card
When you need a credit card fast, but don’t have a credit history, the Merrick Bank Double Your Line Visa Credit Card is a great choice.
See if you qualify for the card in as little as 60 seconds with a fast online application. Plus, it won’t affect your credit to apply.
As the name suggests, after 7 months of making at least your minimum payment on time each month, your credit line will be doubled.
You’ll also get access to your FICO credit score every month so you can stay up-to-date on your progress.
7. Deserve Edu Mastercard
If you don’t have a credit history because you’re new to the country, the Deserve Edu Mastercard is for you. You won’t need an SSN to qualify, but you can get access to up to a $5,000 line of credit.
The Deserve Edu card has no foreign transaction fee, so you can use it anywhere in the world.
No annual fee and identity theft protection help students build credit without paying more or risking their financial security. The card also includes Mastercard Platinum benefits like car rental collision damage waivers, extended warranties, and more.
Choosing the Best Credit Cards for No Credit
Now that you know a few of the best credit cards for no credit, it’s time to choose the right one for you.
Once you’ve started building a strong credit history, check out the top credit cards of 2019 to find your next card. Here are some other articles you might find helpful: