No Credit/Limited Credit


If you have no credit but you are looking to carry a credit card in your wallet, that can be a little difficult. In recent years there are several banks that have focused on providing no credit credit cards to individuals seeking them. The popular solution was to create prepaid debit credit cards for people with no credit history. Some of these products have a credit building feature built into them so that you can begin building a credit history.

There are several prepaid credit card products on the market and it can get confusing which cards offer the best value. We have researched the products that are available online and have put together a listing of the cards that offer the most benefit to consumers. Please review our Top 5 No Credit Credit Cards list and select the card that is right for you.

No Credit History Credit Cards

 READYdebit® Visa Prepaid Card 
 

  • Instant Account Number - Great for Tax Refund Direct Deposit!
  • Free† Direct Deposit - paycheck, benefits, tax refunds
  • Easy Online Bill Payment & Mobile Account Access
  • No Purchase Transaction Fees
  • No Overdraft Fees or Balance Minimums
  • Withdraw cash at ATMs or get cash back with purchases
  • Free Credit ScoreTracker1
  • Choose Your Card Color - Blue or Pink
  
 Intro Purchase APR
N/A*
Intro Balance Trans. APR
N/A*
APR
N/A
Annual Fee
$9.95 monthly fee
 



 NetSpend® Visa® Prepaid Card 
 

  • Get Paid up to 2 days faster with direct deposit — paychecks and government benefit checks
  • 100% Approval - No credit check needed (ID verification required).
  • No credit card debt or late fees
  • Earn cash back with NetSpend Payback Rewards
  • Real-time activity alerts sent to your mobile phone.
  • Prescription Discounts - up to 55% off!
  • Funds are FDIC insured up to the current coverage limit (ID verification required).
  
 Intro Purchase APR
N/A*
Intro Balance Trans. APR
N/A*
APR
N/A
Annual Fee
$9.95 monthly fee
 



 JourneySM Student Rewards from Capital One®  
 

  • Earn 1% cash back on every purchase, every month—and pay no annual fee
  • For every month you pay on time, you receive a 25% bonus—that's a total of 1.25% cash back
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Brighten your financial future with responsible credit use—and get rewarded along the way
  • Fraud coverage if your card is lost or stolen
  • There's no limit to the amount of cash back you can earn, and rewards don't expire
  • Pick the monthly payment due date that works best for you
  • Get free access to a credit score, credit report, and credit tips using Credit Tracker
  
 Intro Purchase APR
N/A*
Intro Balance Trans. APR
N/A*
APR
19.8% (V)
Annual Fee
$0
 



 Capital One® Secured MasterCard® 
 

  • Build credit with responsible use with no processing or application fees
  • Regular reporting to the 3 major credit bureaus
  • Get free access to a credit score, credit report, and credit tips using Credit Tracker
  • Your security deposit can get you a line up to $3,000
  • You may qualify for a credit line increase based on your payment history and creditworthiness
  • Build a financial foundation you can stand on with a card that gets you started
  • Use it like any MasterCard credit card, accepted at millions of locations worldwide
  
 Intro Purchase APR
N/A*
Intro Balance Trans. APR
N/A*
APR
22.9% (V)
Annual Fee
$29
 



 Capital One® Classic Platinum Credit Card 
 

  • 0% intro APR on purchases until January 2015
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account—even from your smartphone with our mobile app
  • Pick the monthly payment due date that works best for you
  • Pay however you want—by check, online, or at a local branch, all with no fee
  • Get access to your account 24 hours a day, 7 days a week
  • Start building for the future with features that can help you get there
  
 Intro Purchase APR
0% ""until January 2015*
Intro Balance Trans. APR
N/A*
APR
22.9% (V)
Annual Fee
$39
 



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Rating: 4.3/5 (3 votes cast)
No Credit/Limited Credit, 4.3 out of 5 based on 3 ratings

Credit Cards for People with No Credit History

So you have no credit history and it is difficult to find a credit card company that will approve you. There are some traditional credit card issuers and some prepaid card companies that can help. Capital One for example has a credit card designed for people who are new to the United States that are looking for a credit card. They have another card that is designed for U.S. residents looking to establish their credit history. Besides the traditional cards, there are prepaid cards that can also provide you the opportunity to build your credit history. They are relatively new. They will report your history with them to the major credit bureaus. If you are interested in a prepaid card with that option, make sure that feature is listed. If the reason that you have no credit history is because you are a college student, please check out our student credit cards page.

Picking the Right Credit Cards for No Credit

Like with any credit card, the main items you need to consider for a credit card for no credit history is very similar. The first thing is the annual fee. Most cards of this type will charge an annual fee. Anything that is $39 or less per year is fairly reasonable based on the research that we have done. The next thing that you need to consider is the interest rates. These rates will be much higher than most credit cards, but that is because you don’t have an established credit history. As you build your history, you will be presented with much better credit card offers in the future. Anything above 24.9% is unreasonable and you shouldn’t apply for a card that has interest rates higher than that. If you are considering a prepaid card, you will want to analyze the fees that they charge and see if they offer a credit building feature. We took all of these items into consideration when we formed our Top 5 No Credit Credit Cards list.

Making the Most of Your No Credit History

Everybody has to start somewhere and it is never too late. Your credit history and score are important because odds are that you won’t pay for your house or car with cash. Your credit score will determine the interest terms of your financing. Getting a credit card and making on-time payments will get you started in the right direction. It will show that you can be responsible managing your credit accounts and that will result in your credit score increasing.