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No credit check credit cards
21 Sep 2017

No credit check credit cards

If you need to get a new credit card but you have below average credit or you are simply in a hurry, you may not wish to undergo a credit check during the request process.

A credit check can sometimes hurt already damaged credit further, and if you are doing multiple requests, that could be a significant impact.

But do no credit check credit cards exist? And are they worth having?

  • First Progress Platinum Select MasterCard® Secured Credit Card

    First Progress Platinum Select MasterCard® Secured Credit Card
    Issuer Synovus Bank
    • 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.
    *See Card Terms. Show more
    Issuer Synovus Bank
    Regular APRAnnual FeeCredit LineCredit Recommended
    Regular APR14.74%
    Annual Fee$39
    Credit Line$2,000
    Credit RecommendedDamaged/Fair

No Credit Check Credit Cards Are Available

Anyone who simply runs a Google search will quickly discover that not only do no credit check credit cards exist, but they are not all that rare. But why do most credit cards require a credit check, while others do not?

First, a credit check is more likely to be required if you are requesting a card that requires a good to excellent credit rating for approval. But when a card accepts poor to bad credit customers, a credit check would serve little to no useful purpose.

Second, these types of cards will base approval on your ability to prove a steady income sufficiently high that you can reasonably be expected to make your monthly payments on time.

And there may be a few other basic requirements like having an active US based bank account, being 18 or older, not being delinquent or defaulted on other cards from the same company. Such standards are not particularly stringent and will vary from one card company to another.

The Convenience of Online no credit check Credit Cards

At Bonsai Finance, we understand that even those with damaged credit still need a credit card to process certain types of payments efficiently (or at all sometimes) and to avoid carrying large sums of cash about.

Bonsai Finance exists to fill a void in the lending and credit card market: Quick, simple requests that can be conveniently done online and that almost always result in immediate approval.

We can help you find competitive rates on unsecured credit cards that require no credit check.

A credit check slows down the process, risks your request being declined, potentially hurts your credit score, and often leads to people abandoning an offer that they “almost” signed up for.

At Bonsai Finance, we understand that there are many people out there with damaged credit through no fault of their own or who have been financially responsible for years and are 100% ready, willing, and able to pay their credit card payments on time.

A no credit check credit card might have a higher APR than some credit cards that require a credit check, but the fact is that those are the very card offers that someone with below average credit would likely not get approved for anyway.

Thus, a credit check on a card truly available to bad credit customers is superfluous and will not likely give you a lower APR. Such offers should simply be avoided because no credit check credit cards for bad credit exist and typically are as good or better than bad credit credit cards that do require credit checks.

  • Bonsai Finance

    Our take: Online marketplace that searches through lenders to find the best offer for your personal situation Show more
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    All can apply$100 - $15,0001 - 604.99% - 1,386%Varies by lender
    Credit ScoreAll can apply
    Loan Size/Amount$100 - $15,000
    Loan Term1 - 60
    APR4.99% - 1,386%
    Origination FeeVaries by lender