If you’re looking to get a credit card with no credit check, chances are good you’ve got bad or damaged credit. But that doesn’t have to be a life sentence.
There are options out there for you, even if it doesn’t feel that way. When you have bad credit, you can feel doors closing all around you– doors that everybody else seems to be able to walk through. But this door is still open!
Today, we’re going to help you find a no credit check credit card that can help you live your life, AND even help you rebuild your credit… all with no credit check required!
First Progress Platinum Select MasterCard® Secured Credit Card
- Receive Your Card More Quickly with New Expedited Processing Option.
- No Credit History or Minimum Credit Score Required for Approval.
- Quick and Complete Online Application.
- Full-Feature Platinum MasterCard(R) Secured Credit Card.
- Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History.
- Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application.
- Just Pay Off Your Balance and Receive Your Deposit Back at Any Time.
- 24/7 Online Access to Your Account.
- Nationwide Program though not yet available in NY, IA, AR, or WI.
Regular APR Annual Fee Credit Line Credit Recommended 14.24% $39 $2,000 Damaged/FairRegular APR14.24%Annual Fee$39Credit Line$2,000Credit RecommendedDamaged/Fair
Why You Would Need a No Credit Check Credit Card
Let’s not sugarcoat this, having bad credit is not fun. You often feel like you’re being treated as less of a person, who’s not allowed to do things people with good credit get to do, routinely.
Stop us if any of these scenarios sound familiar.
You Can Book a Hotel Room
You have worked hard to save enough money to take your loved one away on a little weekend somewhere nice.
But even though you have probably socked away enough money to pay for the whole weekend and show your partner a wonderful time, they won’t let you book the hotel room without a credit card.
You Can Rent a Car
Or, the same situation as above, but this time they won’t let you rent a nice car without a credit card, even though you have a spotless driving record and have never been in an accident in your entire life.
Neither of these businesses want your money because you don’t have a piece of plastic that says you’re trustworthy. Right?
Some restaurants won’t even take your reservation without a credit card. Ditto a lot of fun recreational events like paintball, rock climbing, or white water rafting. These doors feel closed to you.
It’s an awful feeling, and some people don’t find out this is the case until it’s too late. Their plans are ruined, their weekend is shot, and their confidence has been punched in the stomach.
You Can Shop Online
Or how about this scenario. Your friend knows you’re in the market for a new snowboard and sends you a link to one that’s perfect for you. It’s on sale right now and you literally need to buy it right now!
But you can’t shop online because you don’t have a credit card. Not only do you miss out on the incredible deal, but you also have to make up an excuse to your friend, if you’re too embarrassed to tell them that you don’t have a credit card.
It’s just another one of those experiences that can be inconvenient and embarrassing when you don’t have a credit card.
You Can Rebuild Your Credit
Everybody always talks about how much damage you can do to your credit rating with a credit card. Of course, that’s true. But you don’t hear enough about how you can use a no credit check credit card to rebuild damaged credit.
Again, the absence of a credit card when you’re trying to rebuild can hurt you. Putting your utility bills on a no credit check credit card can help you in two ways.
First of all, quite simply, you’re making sure your bills are paid on time, which has its obvious benefits on your credit rating.
Second of all, you’re building your credit by paying down the balance on the card you’re using to pay these utility bills. It’s Win-win, and this can literally double the speed at which you get back into the good books.
If you don’t have a credit card to do this, it can feel like a vicious cycle.
You’re trying to rebuild your credit, but bill payments are sometimes late because you can’t put it on a credit card. And you can’t get a credit card because your credit is bad.
A no credit check credit card breaks this cycle and builds good habits.
What Exactly is a No Credit Check Credit Card?
This is how it works. Basically, you give the credit card company a deposit in advance. This is usually a minimum of $200, but it can be more if you like.
Now, this secures the credit card, which is why it’s called a secured card. This deposit is there because there is no credit check. It provides the credit card company with collateral in case anything happens.
The bigger the deposit you put down, the more funds you have access to. For example, if you put down $1000.00, you have access to $1000.00. But you have to pay that balance down.
You will get your deposit back after a year or so of making your payments on time and paying the balance down.
After that, the money is yours again and you can keep using this card, or even request better cards with better rates and more perks.
But while this card is secure, nobody will know the difference. It will look, perform and function exactly like any other credit card. You can use it to shop online, or book a hotel room, or rent a car.
You can also set up all of your utility bills to come off this card automatically, like any other. In fact, most credit counselors will recommend you do this while rebuilding your credit.
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Credit Score Loan Size/Amount Loan Term APR Origination Fee All can apply $100 - $15,000 1 - 60 4.99% - 1.386% Varies by lenderCredit ScoreAll can applyLoan Size/Amount$100 - $15,000Loan Term1 - 60APR4.99% - 1.386%Origination FeeVaries by lender
How Do I Request a No Credit Check Credit Card?
Typically, when you request a traditional or unsecured credit card, the credit card company will look at a number of factors. They will look at your credit score, first and foremost, to see your history of paying debts and bills.
Next, they will look at your employment situation. Are you currently working? How much are you earning? Are you earning anything on the side? How frequently are you changing jobs?
They may also even look at how frequently you have changed your place of residence over the years.
But the good news is, for a secured credit card, you don’t get judged by any of these things. This card is here to help you, not judge you.
Simple, with No Credit Check
It’s a very simple request and requires things like name, address and Social Security number. But those numbers will not be used for a credit check. They will just be used to tie this card to your name so you can repair your credit.
This is also what separates a secured card from a prepaid card. This card is tied directly to your name, so creditors and businesses can now trust it.
This is why you can use a secured credit card to rent a car or book a hotel room, but you can’t use a prepaid card or gift card. Anybody can just buy one of those. But a secured card is tied to your identity, so you’re accountable and trustworthy.
This is why these cards are very popular among students just starting out, and immigrants who moved to a new country. They can build their credit over time.
It also enables them to do all of the things that we have mentioned, like renting something or buying something online.
How to Use Your Card Responsibly
Just because you now have a credit card doesn’t mean you should go on an Amazon binge or book a cruise somewhere. No, this is your chance to start using credit responsibly, so you can get more of it. That’s the point of all this.
If you like, you can start buying a few items, online or in person. It may feel good just to use a credit card again. But pay the balance down immediately. Your score is going to be based on the speed and reliability of your payments.
Like traditional credit cards, it’s far better to pay off the whole balance of the purchase(s) you made instead of just making the minimum payments each month.
Things happen, and some months you will have more money than other months. And a lot of the time, you will have a secure or unsecure card for financial emergencies, like a car repair or a vet bill. It happens.
But as a whole, you should get in the habit of not putting anything on this card, unless you know exactly when you will have the money to pay the balance. Next Monday on payday is good. Next month(ish) is less good.
Set up Automatic Payments
We touched on this earlier. One of the most responsible things you can do with your secure credit card is using it to pay your telecommunications and utility bills. You can rebuild your credit twice as fast!
Here’s what you do. Set your utilities (think water bill, hydro bill) and your telecom bills (cable, internet, mobile) to come off your card automatically. Just make sure there’s enough room on the card to accommodate them each month.
Now your bills will be paid on time because they’re coming off the card automatically, so you’re building your credit with each of these major companies. This helps your credit in a big way.
But you’re also going to be responsible and pay the credit card down immediately. The same day, when possible.
Of course, the nice thing about having these payments come off your credit card is you can give yourself a day or two of leeway in paying them back. But don’t leave it much longer.
Stay on top of these payments and be aware of all the due dates and withdraw dates so you can make the timely payments and build your credit with the credit card company too.
Do this with all your major bills. Smaller ones like gym memberships and Netflix subscriptions won’t help as much. But it’s good to have them on this card, so they never bounce. Any bounced payment is a bad one.
How Not to Use Your Card
Just because there is no credit check, doesn’t mean this card can’t hurt your credit, if misused. One of the worst things you could do is try the above scenario, but not follow through or keep on top of your due dates.
When that happens, this whole process becomes counterproductive; your credit is being hurt instead of helped.
You forget about the water bill, which is $100.00, so that sits on your card until your phone bill comes out and it’s $200.00. You forget about that one too, and now you’re overdrawn, which causes the cable bill payment to bounce.
Even if you’ve got the money to pay for the bounced payments (and the always popular extra service charge for the bounces), your credit rating is still taking a ding in a time where we’re doing our best to be ding-free.
Don’t Buy It If You Can’t Afford It
Another bad thing would be to buy something because you really want it even though you’re not really sure if/when you can afford it.
Secure credit cards do charge interest on purchases. In fact, they charge a bit higher of a rate than normal credit cards, as another way for credit card companies to protect themselves.
This is not a big deal when you’re on top of things and paying down purchases before they have a chance to accumulate interest. But, if you’re letting a balance ride month to month, these interest payments can really hurt you.
Don’t Take Money out Unless You Have To
Like any credit card, the interest payment on a cash withdrawal from an ATM is bigger than most purchases, on top of whatever surcharge the machine wants to charge you.
And if you’re doing that, odds are good you don’t know when you can pay it back. So avoid it whenever possible. It may be better to take out a loan instead.
We Can Help You Get a Credit Card with No Credit Check
We’re in the business of helping people like you rebuild their credit, or get help when they need it the most. We offer a number of services like personal loans with no credit check, or the no credit check cards we’ve been talking about.
You can find out more by clicking here.