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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: December 09, 2019

Latino Credit Union Visa Secured Card

Latino Credit Union Visa Secured Card
  • Regular Purchase APR 7.75% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 7.75% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 7.75% to 18% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network N/A
Best Benefits
  • No annual fee
  • Build credit with financial responsibility
Rates & Fees
  • Regular Purchase APR: 7.75% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 7.75% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 7.75% to 18% variable based on creditworthiness and the Prime Rate
  • Late Payment Penalty Fee: $10
  • Return Payment Penalty Fee: $5
  • Minimum Deposit Required: $500

Date Reviewed: December 04, 2019

NASA FCU Visa Classic

NASA FCU Visa Classic
  • Regular Purchase APR 12.4% to 17.99% variable based on creditworthiness
  • Balance Transfer APR 12.4% to 17.99% variable based on creditworthiness
  • Cash Advance APR 14.40% to 18% variable based on creditworthiness
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Fixed rate as low as 12.4% APR
  • No annual fee
  • No extra fees
Rates & Fees
  • Regular Purchase APR: 12.4% to 17.99% variable based on creditworthiness
  • Intro Balance Transfer APR: 6.9% to 17.99% variable on transfers made within 90 days from account opening date
  • Balance Transfer APR: 12.4% to 17.99% variable based on creditworthiness
  • Cash Advance APR: 14.40% to 18% variable based on creditworthiness
  • Cash Advance Transaction Fee: Either $5 or 3% of the amount of each cash advance, whichever is greater
  • Penalty APR: 18%
  • Late Payment Penalty Fee: Up to $35
  • Return Payment Penalty Fee: Up to $35
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: October 02, 2019

Clearview Student Platinum Mastercard®

Clearview Student Platinum Mastercard®
  • Regular Purchase APR 9.24% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 9.24% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 9.24% to 18% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Intro Purchase APR 3.99% on balance transfers completed within 30 days from account opening
  • Processing Network Mastercard
Best Benefits
  • Emergency cash advance and card replacement
  • Text alerts when the bank detects potentially fraudulent activity on your account
  • 25-day grace period for purchases
  • No annual fee
Rates & Fees
  • Intro Purchase APR: 3.99% on balance transfers completed within 30 days from account opening
  • Regular Purchase APR: 9.24% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 9.24% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 9.24% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance Transaction Fee: 3% of the amount of each cash advance
  • Foreign Transaction Fee: 2% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $35
  • Return Payment Penalty Fee: Up to $35

Date Reviewed: September 16, 2019

Merrick Bank Secured Visa Card

Merrick Bank Secured Visa Card
  • Regular Purchase APR 17.45% variable based on the Prime Rate
  • Cash Advance APR 22.45% variable based on the Prime Rate
  • Annual Fee $36 for the first year. Billed $3 per month thereafter
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Choose your own credit line based on how much money you want to put down as a security deposit
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000
  • After 9 months, we review your account for a credit line increase. No additional deposit required
  • Get 100% U.S.-based customer service & get your FICO® Credit Score for free each month
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with Auto Pay and account alerts
Rates & Fees
  • Regular Purchase APR: 17.45% variable based on the Prime Rate
  • Cash Advance APR: 22.45% 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: $36 for the first year. Billed $3 per month thereafter
  • Foreign Transaction Fee: 2% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • 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 -

Date Reviewed: September 12, 2019

Arrowhead Share-Secured Visa®

Arrowhead Share-Secured Visa®
  • Regular Purchase APR 17.99% variable based on the Prime Rate
  • Balance Transfer APR 17.99% variable based on the Prime Rate
  • Cash Advance APR 17.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • No balance transfer fees
  • No cash advance fees
Rates & Fees
  • Regular Purchase APR: 17.99% variable based on the Prime Rate
  • Balance Transfer APR: 17.99% variable based on the Prime Rate
  • Cash Advance APR: 17.99% variable based on the Prime Rate
  • Penalty APR: 24.99% variable based on the Prime Rate
  • Foreign Transaction Fee: Up to 1% of each transaction in U.S. Dollars
  • Late Payment Penalty Fee: Up to $15
  • Minimum Deposit Required: $300
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: September 09, 2019

Commerce Bank Secured Visa® Card

Commerce Bank Secured Visa® Card
  • Regular Purchase APR 18.24% variable based on the Prime Rate
  • Balance Transfer APR 18.24% variable based on the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee $49
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Help establish, strengthen or rebuild credit
  • Help establish, strengthen or rebuild credit
  • Worldwide acceptance
  • Earn interst in your security deposit
Rates & Fees
  • Regular Purchase APR: 18.24% variable based on the Prime Rate
  • Balance Transfer APR: 18.24% variable based on the Prime Rate
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Annual Fee: $49
  • Foreign Transaction Fee: 1% of each transaction in U.S. dollars; 2% of each transaction made in currencies other than U.S. dollars
  • Late Payment Penalty Fee: Up to $15
  • Return Payment Penalty Fee: $25
  • Minimum Deposit Required: $400
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: September 03, 2019

Share-Secured Visa® Power Card™

Share-Secured Visa® Power Card™
  • Regular Purchase APR 3.25% variable based on the Prime Rate
  • Balance Transfer APR 3.25% variable based on the Prime Rate
  • Cash Advance APR 3.25% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Earn 1 point for every dollar spent on all other purchases
  • Earn 1,500 points after first using the card
  • Double points on every purchase for the first 30 days
Rates & Fees
  • Regular Purchase APR: 3.25% variable based on the Prime Rate
  • Balance Transfer APR: 3.25% variable based on the Prime Rate
  • Cash Advance APR: 3.25% variable based on the Prime Rate
  • Foreign Transaction Fee: 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $20
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: Varies
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: August 30, 2019

Greylock Federal Credit Union Elevate Secured Card

Greylock Federal Credit Union Elevate Secured Card
  • Regular Purchase APR 7.25% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 7.25% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 7.25% to 18% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • Establish or improve your credit
  • Earn interest on your secured share account
  • No annual fee
  • Travel and accident insurance
Rates & Fees
  • Regular Purchase APR: 7.25% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 7.25% to 18% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 7.25% to 18% variable based on creditworthiness and the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 2% of the amount of each cash advance, whichever is greater (maximum $25)
  • Foreign Transaction Fee: Up to 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $27
  • Return Payment Penalty Fee: Up to $27
  • Minimum Deposit Required: $250
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: August 27, 2019

Space Coast Student Visa® Credit Card

Space Coast Student Visa® Credit Card
  • Regular Purchase APR 14.24% variable based on the Prime Rate
  • Balance Transfer APR 14.24% variable based on the Prime Rate
  • Cash Advance APR 14.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed No Credit Required
  • Processing Network Visa
Best Benefits
  • Build Credit Responsibly
  • No Annual Fee
  • 1% Cash Back Rewards
  • Free FICO® Score
Rates & Fees
  • Regular Purchase APR: 14.24% variable based on the Prime Rate
  • Balance Transfer APR: 14.24% variable based on the Prime Rate
  • Cash Advance APR: 14.24% variable based on the Prime Rate
  • Foreign Transaction Fee: Up to 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $27
  • Return Payment Penalty Fee: Up to $27
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: August 27, 2019

Space Coast Savings-Secured Visa® Credit Card

Space Coast Savings-Secured Visa® Credit Card
  • Regular Purchase APR 14.24% variable based on the Prime Rate
  • Balance Transfer APR 14.24% variable based on the Prime Rate
  • Cash Advance APR 14.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Poor , No Credit Required
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Special Introductory Rate For The First 6 Months
  • Build credit with responsible use
  • Visa Zero Liability Protection
Rates & Fees
  • Regular Purchase APR: 14.24% variable based on the Prime Rate
  • Balance Transfer APR: 14.24% variable based on the Prime Rate
  • Cash Advance APR: 14.24% variable based on the Prime Rate
  • Foreign Transaction Fee: Up to 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $27
  • Return Payment Penalty Fee: Up to $27
  • Minimum Deposit Required: $300
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 -

#

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!