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Explore the Best Credit Cards for No Credit

Finding the best credit cards for no credit may seem like a hopeless task, but BestCards.com has you covered. Read through reviews of credit cards for people with no credit and find the perfect card to suit your needs. Learn more about credit scores.

What are the best secured credit cards of 2020?

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FEATURED CARD – READ REVIEW

OpenSky® Secured Visa®

No Credit Check to Apply

OpenSky® Secured Visa®
  • Regular Purchase APR 17.39% variable based on the Prime Rate
  • Cash Advance APR 17.39% variable based on the Prime Rate
  • Annual Fee $35
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Build credit with on-time payments
  • Reports to the three leading credit bureaus
  • Credit limist between $200 and $3,000
  • Visa benefits and protections
Rates & Fees
  • Regular Purchase APR: 17.39% variable based on the Prime Rate
  • Cash Advance APR: 17.39% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $6 or 5% of the amount of each cash advance, whichever is greater.
  • Annual Fee: $35
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $38
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $200
Credit Card Deals
  • 20% off + Free Shipping on Fanatics.com orders of $49+ - Offer Expires on April 15, 2021 - See Details
  • Stay 3, Pay 2 - Offer Expires on April 30, 2021 - See Details
  • Stay 3, Pay 2 - Offer Expires on December 22, 2021 - See Details
  • Save 10% on Select Regularly Priced Jewelry - Offer Expires on February 03, 2022 - See Details
  • Save 10% and complimentary daily breakfast for two with Preferred Hotels - Offer Expires on March 31, 2022 - See Details
  • Every 4th Night Free + Premium Benefits in Brooklyn - Offer Expires on February 28, 2021 - See Details
  • Every 4th Night Free + Premium Benefits in New York - Offer Expires on February 28, 2021 - See Details
  • Every 4th Night Free + Premium Benefits in West Hollywood - Offer Expires on February 28, 2021 - See Details
  • Save $25 in the US with 1-800-GOT-JUNK? - Offer Expires on December 31, 2021 - See Details
  • Save 15%* off the Merchandise Value** of your purchase with promotion code VISA38 - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

FEATURED CARD – READ REVIEW

First Progress Platinum Prestige Mastercard® Secured Credit Card

No Credit History or Minimum Credit Score Required

First Progress Platinum Prestige Mastercard® Secured Credit Card
  • Regular Purchase APR 9.99% variable based on the Prime Rate
  • Cash Advance APR 18.99% variable based on the Prime Rate
  • Annual Fee $49
  • Credit Needed Poor , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application
  • Full-Feature Platinum Mastercard® Secured Credit Card
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • 24/7 Online Access to Your Account
Rates & Fees
  • Regular Purchase APR: 9.99% variable based on the Prime Rate
  • Cash Advance APR: 18.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Annual Fee: $49
  • Foreign Transaction Fee: 3% of the transaction amount
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $29
  • Minimum Deposit Required: $200

FEATURED CARD – READ REVIEW

Oakstone Gold Secured Mastercard®

Fast, Easy Application Process

Oakstone Gold Secured Mastercard®
  • Regular Purchase APR 13.99% variable based on the Prime Rate
  • Cash Advance APR 19.99% variable based on the Prime Rate
  • Annual Fee $39
  • Credit Needed Poor , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • Credit lines available from $200 to $5,000. Low 13.99% variable interest rate on purchases - with no penalty rate
  • No minimum credit score requirements. We invite all credit types to apply. No processing or application fees
  • Helps strengthen your credit with responsible card use. Reports to three national bureaus
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • See website for additional Oakstone Gold Secured Mastercard® details
Rates & Fees
  • Regular Purchase APR: 13.99% variable based on the Prime Rate
  • Cash Advance APR: 19.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Annual Fee: $39
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $29

FEATURED CARD – READ REVIEW

Oakstone Platinum Secured Mastercard®

Credit Lines Available From $200 to $5,000

Oakstone Platinum Secured Mastercard®
  • Regular Purchase APR 9.99% variable based on the Prime Rate
  • Cash Advance APR 18.99% variable based on the Prime Rate
  • Annual Fee $49
  • Credit Needed Poor , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • Credit lines available from $200 to $5,000! Super Low 9.99% variable interest rate on purchases - with no penalty rate
  • No minimum credit score requirements! We invite all credit types to apply. No processing or application fees
  • Helps strengthen your credit with responsible card use. Reports to three national bureaus
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
  • Nationwide Program though not yet available in NY, IA, AR, or W
  • See website for additional Oakstone Platinum Secured Mastercard® details
Rates & Fees
  • Regular Purchase APR: 9.99% variable based on the Prime Rate
  • Cash Advance APR: 18.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Annual Fee: $49
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $29

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Showing 102 Cards

Date Reviewed: January 13, 2021

Self Visa® Credit Card

Self Visa® Credit Card
  • Regular Purchase APR 23.99%
  • Annual Fee $25
  • Credit Needed Fair , Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Get the savings plan that helps build credit today
  • Start with a Credit Builder Account that reports monthly payments to all 3 major credit bureaus
  • Sample product: A $539.00 Credit builder account, paid 12 times over one year would have a monthly payment of $48.00, and an Annual Percentage Rate of 15.97%. Please refer to www.self.inc/pricing for the most recent pricing options
Rates & Fees
  • Regular Purchase APR: 23.99%
  • Annual Fee: $25
  • Late Payment Penalty Fee: Up to $15
  • Return Payment Penalty Fee: Up to $15
Credit Card Deals
  • 20% off + Free Shipping on Fanatics.com orders of $49+ - Offer Expires on April 15, 2021 - See Details
  • Stay 3, Pay 2 - Offer Expires on April 30, 2021 - See Details
  • Stay 3, Pay 2 - Offer Expires on December 22, 2021 - See Details
  • Save 10% on Select Regularly Priced Jewelry - Offer Expires on February 03, 2022 - See Details
  • Save 10% and complimentary daily breakfast for two with Preferred Hotels - Offer Expires on March 31, 2022 - See Details
  • Every 4th Night Free + Premium Benefits in Brooklyn - Offer Expires on February 28, 2021 - See Details
  • Every 4th Night Free + Premium Benefits in New York - Offer Expires on February 28, 2021 - See Details
  • Every 4th Night Free + Premium Benefits in West Hollywood - Offer Expires on February 28, 2021 - See Details
  • Save $25 in the US with 1-800-GOT-JUNK? - Offer Expires on December 31, 2021 - See Details
  • Save 15%* off the Merchandise Value** of your purchase with promotion code VISA38 - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: January 13, 2021

Unique Platinum Card

Unique Platinum Card
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network N/A
Best Benefits
  • $1000 Credit Limit
  • No Credit Checks
  • Instant Approval
  • 0% Financing
Rates & Fees
  • Late Payment Penalty Fee: $10
  • Return Payment Penalty Fee: $30

Date Reviewed: January 13, 2021

Merit Platinum Card

Merit Platinum Card
  • Regular Purchase APR 0%
  • Annual Fee None
  • Credit Needed Fair , Poor , No Credit Required
  • Processing Network N/A
Best Benefits
  • Bad Credit, No Credit? No Problem
  • Reports to Major Credit Bureau
  • Fast and Easy Application
  • No Employment or Credit Check
Rates & Fees
  • Regular Purchase APR: 0%

Date Reviewed: January 13, 2021

Freedom Gold Card

Freedom Gold Card
  • Regular Purchase APR 0%*
  • Annual Fee None
  • Credit Needed Fair , Poor , No Credit Required
  • Processing Network N/A
Best Benefits
  • $750 Unsecured Credit Line
  • Instant Approval*
  • No Credit Check
  • No Employment Check
  • Fast Online Application
  • Reports to a Major Credit Bureau
  • Bad Credit - OK
  • *See site for details
Rates & Fees
  • Regular Purchase APR: 0%*

Date Reviewed: January 06, 2021

Principal Platinum Card

Principal Platinum Card
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network N/A
Best Benefits
  • Instant Approval / $750 Credit Line
  • No Employment or Credit Check
  • Reports to Major Bureau
  • Bad Credit, No Credit - OK
  • Always 0.0% APR
Rates & Fees

    Date Reviewed: January 04, 2021

    PayPal Prepaid Mastercard®

    PayPal Prepaid Mastercard®
    • Annual Fee None
    • Credit Needed No Credit Required
    • Processing Network Mastercard
    Best Benefits
    • Add money to your card via direct deposit or at any of the 130,000+ NetSpend Reload Network locations nationwide
    • Refer-A-Friend program allows you and the person you refer to both earn a $20 credit
    • Stay on top of your account and your money with the PayPal Prepaid mobile app
    • Receive special offers and Payback Rewards when you shop at qualifying stores
    Rates & Fees
    • Foreign Transaction Fee: 2.5% of the transaction amount in U.S. dollars

    Date Reviewed: January 04, 2021

    Jasper Mastercard®

    Jasper Mastercard®
    • Regular Purchase APR 15.49% to 24.99% variable based on creditworthiness and the Prime Rate
    • Cash Advance APR 24.99% to 29.99% variable based on creditworthiness and the Prime Rate
    • Annual Fee None
    • Credit Needed Good , Fair , Poor , No Credit Required
    • Processing Network Mastercard
    Best Benefits
    • Earn 1% cash back automatically anywhere you shop
    • A credit history is not required to apply
    • Get up to a $5,000 credit limit
    • Unique autopay settings, push notifications, and utilization alerts help manage your account
    Rates & Fees
    • Regular Purchase APR: 15.49% to 24.99% variable based on creditworthiness and the Prime Rate
    • Cash Advance APR: 24.99% to 29.99% variable based on creditworthiness and the Prime Rate
    • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
    • Late Payment Penalty Fee: Up to $27
    • Return Payment Penalty Fee: Up to $27

    Date Reviewed: December 07, 2020

    Oakstone Gold Secured Mastercard®

    Oakstone Gold Secured Mastercard®
    • Regular Purchase APR 13.99% variable based on the Prime Rate
    • Cash Advance APR 19.99% variable based on the Prime Rate
    • Annual Fee $39
    • Credit Needed Poor , No Credit Required
    • Processing Network Mastercard
    Best Benefits
    • Credit lines available from $200 to $5,000. Low 13.99% variable interest rate on purchases - with no penalty rate
    • No minimum credit score requirements. We invite all credit types to apply. No processing or application fees
    • Helps strengthen your credit with responsible card use. Reports to three national bureaus
    • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
    • Nationwide Program though not yet available in NY, IA, AR, or WI
    • See website for additional Oakstone Gold Secured Mastercard® details
    Rates & Fees
    • Regular Purchase APR: 13.99% variable based on the Prime Rate
    • Cash Advance APR: 19.99% variable based on the Prime Rate
    • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
    • Annual Fee: $39
    • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
    • Late Payment Penalty Fee: Up to $40
    • Return Payment Penalty Fee: Up to $29

    Date Reviewed: December 07, 2020

    Oakstone Platinum Secured Mastercard®

    Oakstone Platinum Secured Mastercard®
    • Regular Purchase APR 9.99% variable based on the Prime Rate
    • Cash Advance APR 18.99% variable based on the Prime Rate
    • Annual Fee $49
    • Credit Needed Poor , No Credit Required
    • Processing Network Mastercard
    Best Benefits
    • Credit lines available from $200 to $5,000! Super Low 9.99% variable interest rate on purchases - with no penalty rate
    • No minimum credit score requirements! We invite all credit types to apply. No processing or application fees
    • Helps strengthen your credit with responsible card use. Reports to three national bureaus
    • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
    • Nationwide Program though not yet available in NY, IA, AR, or W
    • See website for additional Oakstone Platinum Secured Mastercard® details
    Rates & Fees
    • Regular Purchase APR: 9.99% variable based on the Prime Rate
    • Cash Advance APR: 18.99% variable based on the Prime Rate
    • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
    • Annual Fee: $49
    • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
    • Late Payment Penalty Fee: Up to $40
    • Return Payment Penalty Fee: Up to $29

    Date Reviewed: June 18, 2020

    Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card

    Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card
    • Regular Purchase APR 12.99% variable based on the Prime Rate
    • Cash Advance APR 18.99% variable based on the Prime Rate
    • Annual Fee $49
    • Credit Needed Poor , No Credit Required
    • Intro Purchase APR 0% for 6 months from account opening date
    • Processing Network Mastercard
    Best Benefits
    • Full-Feature Platinum Mastercard* Secured Credit Card
    • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
    • Good for Car Rental, Hotels: Anywhere Credit Cards Are Accepted!
    • 24/7 Online Access to Your Account
    • Credit Line Secured by Your Fully-Refundable Deposit of $200 – $2,000 Submitted with Application
    Rates & Fees
    • Intro Purchase APR: 0% for 6 months from account opening date
    • Regular Purchase APR: 12.99% variable based on the Prime Rate
    • Cash Advance APR: 18.99% variable based on the Prime Rate
    • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
    • Annual Fee: $49
    • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
    • Late Payment Penalty Fee: Up to $40
    • Return Payment Penalty Fee: Up to $29
    • Minimum Deposit Required: $200

    #

    Does No Credit History Mean You’ve Never Had Any Credit?

    Just because you don’t have a credit history does not mean you’ve never had credit. As confusing as it sounds, you can have experience with credit in the past, yet still have no credit history to FICO or VantageScore.

    No credit means you have no recent credit history. Those without a past credit history (within the last seven to ten years, will find themselves lumped into the same “no credit” category as those who are entirely new to credit. So even if you have borrowed money in the past, you may have no score.

    FICO, VantageScore and Credit History

    Different credit scoring models have a different definition of no credit history.

    FICO requires the following to establish a credit history:

    • One tradeline reported within the previous six months. A tradeline is also known as a credit account.
    • A tradeline at least six months old,
    • Proof that the account holder is alive.

    VantageScore, on the other hand, does not have as strict requirements for establishing a credit history. The VantageScore model only needs one month of credit activity to generate a credit score. This makes the scoring system popular with those who want to judge the recent credit activity of an applicant.

    Regardless, if you don’t satisfy the requirements above, you might not have a credit score.

    Is No Credit Score the Same as Bad Credit?

    So, if you have no credit, what is your score? In the same vein, no credit history does not mean you have a bad credit score. It merely means the scoring models don’t have relevant enough, recent information from an accurate assessment of your risk.

    You may have an excellent history of paying off your credit card or loan balances in the past. Maybe you even paid off all your student loans. You may also have a history of non-payments and defaults. Or, you might have no practical experience with credit at all.

    According to Experian, one of the largest credit reporting agencies, very few people with a credit past have a score below 470. Around 99% of Americans with a credit score have one above 470, which is good news if there is a correlation between your lack of recent credit history and bad credit.

    Why Credit Matters

    There are approximately 45 million Americans with no credit history, according to recent statistics. With so many lacking a credit score, you might wonder why your credit score matters?

    Credit influences many aspects of our daily financial and personal lives. People with excellent credit scores enjoy greater access to credit, higher credit limits, and lower interest rates. That’s because they have proven their financial responsibility and trustworthiness to lenders.

    Those with poor credit, however, will struggle. Bad credit scores can impact every aspect of your life.

    A poor or bad credit score can cause the following difficulties in life:

    • Trouble Renting: With bad credit, you can struggle to find an apartment. Because landlords and rental agencies look at an applicant’s credit report, a bad score can indicate you are a potential risk for missing rent payments. This can lead to rejections when applying for accommodation.
    • Loss of Job Opportunities: Employers can also access your credit report. While they won’t see your score, they can see past remarks on your credit report. These can make you a risk for employment, as they might deem you untrustworthy.
    • Poor Credit Choices: People with bad credit struggle to find good credit products at reasonable rates.

    Given the difficulties that those with poor credit experience, imagine how much more difficult it is with no credit.

    Without a credit history, you will struggle to find many credit card issuers or lenders willing to take a chance on you. You likely won’t qualify for a mortgage, a personal loan, or possibly even a car loan. That’s why it is so critical to take steps to build your credit score quickly, so you can enjoy many of the benefits good credit scores offer.

    How to Build Credit History

    Building a credit score requires time and patience. There are, however, specific steps you can take right away to improve your score in as little as a few months.

    Getting Started with Credit Repair

    First, you need to establish a credit history. One option is to become an authorized user. The easiest way to build credit, however, is by getting a credit card. Getting a secured card is the most straightforward route and can make the approval process much easier. That’s because secured credit cards require a security deposit when applying for a credit card.

    This deposit required, which usually starts as low as $200 and runs as high as $5,000, also acts as the credit limit. Examples of popular secured cards include the Discover It Secured Card, the Secured Mastercard from Capital One, and the Citi Secured Mastercard. These cards also have no annual fee.

    Once you have a secured card, you can use that card to make small purchases. Then, once you receive your statement, you pay your bill in full. A few months of this practice can provide you a decent score (if new to credit) and increase a damaged score by several points.

    Building Credit Takes Times

    While short term improvement is possible, establishing a good credit score can take months – or even years. That’s because both VantageScore and FICO place significant weight on payment history with their respective scoring models.

    FICO scoring places significant weight on payment history, as this is the largest sign of a person’s ability to repay any new credit. Nearly as significant is the amount of available credit that individual is currently utilization, or how much of the available credit line they use. VantageScore, on the other hand, emphasizes a variety of credit, though it also prioritizes payment history.

    This means that it will take time to build a history of on-time payments. With patience, however, it is a very achievable goal.

    Failing to keep up with payments, however, can cause serious harm to your score. With a young credit history, one missed payment can destroy your credit score. Even worse, late or missed payments stay on a credit report for seven years, meaning the harm carries on for some time.

    The Best Credit Cards for No Credit History

    Just because you have no credit history doesn’t mean you can’t build one. No credit score simply means you have a blank canvas on which to begin (or return) to your credit journey. If you find yourself wondering “I have no credit score, how do I get a credit card?” don’t worry – there are still options available.

    The credit card options for no credit are limited, but that doesn’t mean there aren’t great offers available. Here are some of our top credit cards for no credit score picks for 2020:

    Find the Best Card for Establishing Credit Today

    The team at BestCards.com knows how hard it can be to find the perfect credit card for rebuilding credit, especially without the right tools and knowledge. That’s why we strive to provide insightful credit card reviews, as well as informative articles and advice to guide you. Take advantage of these resources and more to find a trusty credit-building card today!