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?

Click to jump to our credit building resources

Advertiser Disclosure Editorial Disclosure

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
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 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
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

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
  • Minimum Deposit Required: $200
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

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 WI
  • 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
  • Minimum Deposit Required: $200
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Sort By Column Name:

Showing 106 Cards

Date Reviewed: June 04, 2020

AmTrust Secured Card

AmTrust Secured Card
  • Regular Purchase APR 24.24% variable based on the Prime Rate
  • Balance Transfer APR 24.24% variable based on the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Qualify for a credit line increase in as little as 7 months
  • Get upgraded to the Platinum Edition unsecured card in as little as 11 months
  • Credit limits between $300 and $5,000
Rates & Fees
  • Regular Purchase APR: 24.24% variable based on the Prime Rate
  • Balance Transfer APR: 24.24% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: September 17, 2020

NYCB Secured Card

NYCB Secured Card
  • Regular Purchase APR 24.24% variable based on the Prime Rate
  • Balance Transfer APR 24.24% variable based on the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Credit limits between $300 and $5,000
  • Qualify for credit limit increases in as little as 7 months
  • Possibility to upgrade to an unsecured card
Rates & Fees
  • Regular Purchase APR: 24.24% variable based on the Prime Rate
  • Balance Transfer APR: 24.24% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater
  • 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 $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 11, 2021

Avant Credit Card

Avant Credit Card
  • Regular Purchase APR 23.99% to 25.99% variable based on the Prime Rate
  • Cash Advance APR 23.99% to 25.99% variable based on the Prime Rate
  • Annual Fee $0 to $39
  • Credit Needed Fair , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • Check eligibility with no hard pull
  • Elegant mobile interface for monitoring purchases
  • Zero fraud liability
  • No foreign transaction fee
Rates & Fees
  • Regular Purchase APR: 23.99% to 25.99% variable based on the Prime Rate
  • Cash Advance APR: 23.99% to 25.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of the cash advance, whichever is greater
  • Annual Fee: $0 to $39
  • Late Payment Penalty Fee: Up to $39
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: March 23, 2021

BOK Financial Secured Visa® Card

BOK Financial Secured Visa® Card
  • Regular Purchase APR 20.99% variable based on the Prime Rate
  • Balance Transfer APR 20.99% variable based on the Prime Rate
  • Cash Advance APR 23.99% variable based on the Prime Rate
  • Annual Fee $35
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No credit or poor credit are okay to apply for this card
  • Build your credit history
  • Up to $5,000 credit limit
  • Visa perks, like extended warranty coverage
Rates & Fees
  • Regular Purchase APR: 20.99% variable based on the Prime Rate
  • Balance Transfer APR: 20.99% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 23.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 4% of the amount of each cash advance, whichever is greater
  • Annual Fee: $35
  • Foreign Transaction Fee: Up to 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $39
  • Return Payment Penalty Fee: Up to $35
  • Minimum Deposit Required: $300
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: September 17, 2020

Unity Visa Secured Credit Card

Unity Visa Secured Credit Card
  • Regular Purchase APR 17.99% fixed rate through the expiration date of the card.
  • Balance Transfer APR 17.99% fixed rate through the expiration date of the card.
  • Cash Advance APR 17.99% fixed rate through the expiration date of the card.
  • Annual Fee $39
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Get a second chance at credit
  • Support the nation's largest back-owned bank
  • 9.95% intro APR on balance transfers for the first 6 months
Rates & Fees
  • Regular Purchase APR: 17.99% fixed rate through the expiration date of the card.
  • Intro Balance Transfer APR: 9.95% for 6 months from account opening date
  • Balance Transfer APR: 17.99% fixed rate through the expiration date of the card.
  • Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 17.99% fixed rate through the expiration date of the card.
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each transfer, whichever is greater
  • Annual Fee: $39
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $10
  • Return Payment Penalty Fee: Up to $37
  • Minimum Deposit Required: $250
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: July 27, 2020

Green Dot primor® Secured Visa Classic Card

Green Dot primor® Secured Visa Classic Card
  • Regular Purchase APR 13.99%
  • Cash Advance APR 18.99%
  • Annual Fee $39
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No penalty rates
  • Reports to all three major credit bureaus
  • Earn interest on your security deposit
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
Rates & Fees
  • Regular Purchase APR: 13.99%
  • Cash Advance APR: 18.99%
  • Cash Advance Transaction Fee: Either $5 or 5% 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 $29
  • Return Payment Penalty Fee: Up to $29
  • Minimum Deposit Required: $200
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 11, 2021

HSBC Cash Rewards Mastercard® Credit Card Student Account

HSBC Cash Rewards Mastercard® Credit Card Student Account
  • Regular Purchase APR 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 24.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed No Credit Required
  • Processing Network Mastercard
Best Benefits
  • No annual fee
  • No foreign transaction fee
  • Earn 1.5% cash back on purchases
  • No credit history required to apply for this card
Rates & Fees
  • Regular Purchase APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 4% of the balance transfer amount, whichever is greater
  • Cash Advance APR: 24.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the cash advance amount, whichever is greater
  • Penalty APR: 29.99% variable based on the Prime Rate
  • Late Payment Penalty Fee: Up to $39
  • Return Payment Penalty Fee: Up to $39
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: June 17, 2020

Citizens Trust Bank VISA Classic Secured Credit Card

Citizens Trust Bank VISA Classic Secured Credit Card
  • Regular Purchase APR 17.74% variable based on the Prime Rate
  • Balance Transfer APR 17.74% variable based on the Prime Rate
  • Cash Advance APR 21% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • No foreign transaction fees
  • Rebuild your credit with on-time payments
  • Enjoy Visa benefits and protections
Rates & Fees
  • Regular Purchase APR: 17.74% variable based on the Prime Rate
  • Balance Transfer APR: 17.74% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: There is a $10 or 4% whichever greater balance transfer fee for this card
  • Cash Advance APR: 21% variable based on the Prime Rate
  • Cash Advance Transaction Fee: $1.50
  • Penalty APR: 21%
  • Late Payment Penalty Fee: Up to $30
  • Return Payment Penalty Fee: Up to $32
  • Over Limit Penalty Fee: Up to $30
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: November 30, 2020

First Tech® Federal Credit Union Platinum Secured Mastercard®

First Tech® Federal Credit Union Platinum Secured Mastercard®
  • Regular Purchase APR 9% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 9% to 18% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • No annual fee
  • No fees on foreign transactions or cash advances
  • Earn 1 rewards point for every $1 spent
  • Low APR
Rates & Fees
  • Regular Purchase APR: 9% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 9% to 18% variable based on creditworthiness and the Prime Rate
  • Late Payment Penalty Fee: Up to $25
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $500
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: October 26, 2020

VyStar Savings Secured Visa Card

VyStar Savings Secured Visa Card
  • Regular Purchase APR 13.5% variable based on the Prime Rate
  • Balance Transfer APR 13.5% variable based on the Prime Rate
  • Cash Advance APR 13.5% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Credit Limits from $375 to $2,000
  • Uses funds from your VyStar savings account as collateral
Rates & Fees
  • Regular Purchase APR: 13.5% variable based on the Prime Rate
  • Balance Transfer APR: 13.5% variable based on the Prime Rate
  • Cash Advance APR: 13.5% variable based on the Prime Rate
  • Late Payment Penalty Fee: Up to $25
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $375
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

#

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 2021:

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!