Last updated on July 26th, 2022
People with no credit history find it tough to get credit because lenders aren’t sure how big of a risk extending credit to them will pose. One of the first scenarios in which people without a credit history face difficulty is applying for a credit card. After all, this is the entry point to the world of credit for many. When facing this figurative brick wall, some might turn to secured credit cards as a simple route towards good credit. For those who don’t have the money for a deposit, however, there are still plenty of quality unsecured cards for those with no credit history.
What Is “No Credit History?”
No credit history is not the same thing as bad credit. Bad credit means that your credit score is damaged, perhaps as low as in the 300s. No credit history, on the other hand, means you have no recent credit history. Having no credit score means you have not borrowed money in any form within the last seven years. Of course, you may also fall into that category if you never had a credit card or loan.
The Best Credit Cards for No Credit That Aren’t Secured Cards
Just because you have no credit history doesn’t mean you can’t get a good unsecured credit card – it just means your options will be smaller. One of the best offers available is the First Access Solid Black VISA® Credit Card. A full-fledged Visa credit card, the Solid Black Card isn’t just easy on the eyes. The card also features monthly reporting to all the major credit bureaus (Experian, Equifax, and TransUnion), so cardholders may be able to build good credit with on-time payments.
There isn’t much not to love when it comes to the Merrick Bank Double Your Line® Mastercard®. The card offers the chance at an automatic credit limit increase in seven months just for making on-time payments every month. That double credit bonus offers the chance at more credit – and the benefits that come with that responsibility.
The Applied Bank® Unsecured Classic Visa® Card is a credit card designed to help you build your credit score. If you need to build your credit, the card offers a reasonable credit line, comprehensive fraud protections, and more! Plus Applied Bank waives maintenance fees for the first year.
There are plenty of unsecured credit cards for bad credit on the market, so should you consider the Revvi Card? It offers greater acceptance odds than many credit cards, thanks to its checking account requirement. Additionally, the card earns 1% cash back^^ and regularly reports to the major credit bureaus – many competitors only report to one bureau, while others only report semi-regularly.
What’s the Easiest Unsecured Credit Card to Get with No Credit History?
What if you are still struggling to find an unsecured card for no credit, however? While no credit card application has a guarantee of success, there are several offers that provide the best approval odds for those looking for a credit account. The se cards are from Horizon card Services and are known as catalog cards or merchandise cards.
These card options aren’t credit cards like your typical Visa or Mastercard. Instead, they offer an unsecured $750 line of credit towards purchases on the Horizon Outlet portal. The Horizon Outlet offers a huge number of products, gifts, goods, and more, so the card does offer excellent value. Plus, both cards report to the leading credit agencies, so paying on time will help you advance to another unsecured credit card in no time. It may also help you raise your credit score.
Who Can Benefit from an Entry-Level Credit Card?
Credit card offers for no credit history, like the ones above, are ideal not only for those who have never borrowed money in the past, but also for college students with little credit card experience. Student cards feature lower credit thresholds, but not all students will qualify. In these instances, students who don’t have the money for a secured card, or a co-signer, can get an entry-level or starter card, such as the Reflex or First Access, and build up their credit.
Related Article: What Are Catalog Credit Cards?