10 Essential Credit Cards with No Credit Check in 2024 Thinking of building your credit history? Credit cards with no credit check can help you with that.
There are tons of cards with no hard checking requirement for people with bad or no FICO score. When used responsibly, you can improve your CIBIL score , apply for loans, and even accumulate enough credit to get a business credit card .
We have listed the best credit cards no credit check with their fees, positives, and negatives in this blog. Read till the end to know more.
10 Best Credit Cards with No Credit Check Credit cards with no credit check are specially designed for a) people just starting with credit, and b) those who have a negative history. These cards are generally secured, meaning, they require a refundable security deposit.
That being said, we know it’s hard to filter the best ones in the sea of many cards. So with some research, we have found the 10 best cards for no credit history that you can get your hand on.
Let’s check out each of the no credit check secured credit cards with its features and benefits.
A fintech startup called Cred AI provides Unicorn credit cards along with a deposit account that, when used responsibly, raises credit scores. These cards come with special features like stopgaps, which guard against overspending and late payments. These credit cards rank among the finest for those without a credit history. For detailed information, you can read our review of Cred.ai .
Features After 60 days of use, there is a 90-point increase. For every dollar you spend on bill payments, you can earn reward points. Use AI-driven features to keep an eye on your spending. Customers get a backup card (a stealth card) for use on dubious websites. Access to 55,000 ATMs nationwide. No fees apply to cash advances, balance transfers, or international transactions. Pros Strong features to optimize security control. No hard credit check or history inquiry. Low rate of credit utilization. Easy application procedure. Cons Doesn’t offer rewards. No cashback on purchases. Does not increase the interest rate on the money deposited into the account. APR: 17.76%
Annual Fees: $0
Rating: ⭐⭐⭐⭐⭐
Tomo credit cards are provided by Community Federal Savings Bank to help those with average or no credit. The best part is that anyone living outside of the United States with a working bank account and proof of identity can apply for this one.
Features Every transaction earns you 1% cashback in addition to exclusive benefits. Simple approval standards and an easy application process. Since the balance of one month cannot be carried over to another, there is no annual percentage rate. It provides protection for cell phones, zero liability protection, global MasterCard service, and protection against identity theft. The spending caps are as follows: $5,000 per day, $20,000 per month, and $240,000 annually. Pros No yearly charges. No APR. There are no maintenance or foreign transaction fees. Fewer documents and paperwork. Cons The bank account must be linked. Low spending cap. No welcome bonus or sign-up bonus. APR: No
Annual Charges: $0
Rating: ⭐⭐⭐⭐⭐
A fintech startup called Chime provides Stride Bank N.A.-issued secured credit builder cards. Getting these cards is pretty easy. One needs to receive a direct deposit of $200 or more from employers, gig payers, or other reliable sources to be eligible.
Features Free high-yield savings account. Access to a network of over 60,000 ATMs. Debit card purchases and overdrafts on accounts are free. Easy application process. Money can be added by visiting various Chime Reload locations . Pros No recurring costs. There are no overdraft fees. Accountable to three different credit bureaus. Advantages of a low ratio of credit utilization. Cons Does not offer a welcome bonus. No earnings from rewards. A security deposit is required. APR: 0
Annual Fees: $0
Rating: ⭐⭐⭐⭐⭐
For those who are new to credit, this Cross River Bank-issued card offers several benefits. There is no annual fee, no minimum security deposit requirement, and no credit check. There is also no annual percentage rate (APR), so there is very little chance of you accruing debt. You can also accumulate rewards with this card.
Features Create credit with just the funds in your account, and set up Autopay to ensure you never forget to make a payment. Credit checks are not necessary to apply. Receive your paycheck up to two days sooner with direct deposit, ensuring you have the money you need when you need it. Get 7X points from card swipes at more than 14,000 participating retailers, which can then be redeemed for cash back. Offers a range of smart money management tools to handle the finances. Pros No yearly charge. No credit inquiry. APR-free. Flexible credit limit. Cons A current account must be opened. No pathway for upgrades Reports to a single credit bureau. APR: 0
Annual Charges: $0
Rating: ⭐⭐⭐⭐
Customers can build credit with the Grow Credit Mastercard, a virtual credit card with limited use. Consumers pay for eligible monthly subscriptions with their cards, which they then repay with money from a linked bank account. Grow offers four membership plans, including a free one, through which it reports activity to all three major credit bureaus.
Features Reports in a period of 60 to 90 days to the three main credit bureaus. There are four monthly subscription plans available, with annual prices ranging from $0 to $99.99. Spending cap of $17 to $150 per month or $204 to $1,800 per year. Features to maximize the value of monthly subscriptions. Pros No hard security check. Reports to major bureaus. Different plans to choose from. Cons Low credit limit. Limited usage to a monthly subscription. Monthly fee. APR: NA
Annual Charges: $0 to $99.99
Rating : ⭐⭐⭐
For those looking to rebuild their credit, the OpenSky Secured Visa Credit Card is a viable choice. Unlike traditional credit cards, there is no credit check requirement for application, so your credit score is not significant. Additionally, the annual fee is a mere $35.
Even if you have no credit history at all, you may still be accepted for this card. If you don’t qualify for one of the other secured credit cards, this one might be just what you need to raise your score.
Features It does not offer any welcome bonus. Provides tools to build a credit history for beginners. Simple dashboard to manage the activities. Does not require a hard credit pull for qualification. Pros No credit inquiry APR for a bad credit card is comparatively low. No bank account is necessary. Cons 3% of the foreign transaction fee. Annual maintenance fee. APR: NA
Annual Charges: $35
Rating: ⭐⭐⭐
For people who wish to establish credit but currently have little or no credit history, the Self-Credit Builder Account + Secured Visa Credit Card is the ideal option.
When you apply, there is no hard credit check and no minimum credit score needed. It’s also perfect for people without a lot of money to put down for a big security deposit because you can top up your account balance with as little as $25 per month.
Features No upfront cash security deposit is required. It does not ask for any credit check. Gives a decent interest on the saved amount in the bank account. The company reports to three major credit bureaus. Can be used wherever Visa is accepted. Pros There is no hard credit pull. Self will check your account frequently for increases in credit limit. Your Credit Builder Account contains your security deposit. Cons There is an annual fee. Selecting the right credit builder plan can be confusing. APR: 28.24%
Annual Charges: $24
Rating: ⭐⭐⭐
The Milestone MasterCard, a credit card specifically designed for average credit, provides a plethora of tools and great features. However, it needs to be your very last option because of the high prices. Still, these are the only credit cards that will even take on people with 0 credit scores.
Features Every purchase you make can earn you cash back. You can exchange reward points for money, gift cards, and vouchers. Plan your payments and configure auto pay for recurring deposits. Simple process for activating a Milestone card. Obtain a high credit score by making on-time payments. Pros Security deposits are not required. Construct or restore creditworthiness with ease. MasterCard offers protection for cell phones and zero liability. There is no reward point expiration. Cons Very high rate of interest. High annual fees for the initial year. No welcome bonuses or reward points. APR: 35.90%
Annual Charges: $175 first year, $49 thereafter
Rating: ⭐⭐⭐
Credit One Bank offers these cards to consumers with fair or poor credit scores. Customers who purchase a Visa Network Platinum card also receive a high-yield savings account.
Features 5 percent cash back on your initial $5,000 purchase. The online webpage facilitates a quick and easy application and activation process. All purchases made with reward points and discount deals will earn 1% cashback. Protection against fraud liability for unauthorized charges. Pros An automatic extension of the credit limit. Every purchase earns you 1% cash back. Points are rewarded for using the internet, cable services, mobile shopping, groceries, and gas. Cons High yearly charges. Low credit limit. Very high APR. APR : 29.24%
Annual Fees : $75 for the initial year and $99 thereafter.
Rating: ⭐⭐⭐
Capital One Quicksilver is a popular cash-back card known as one of the best secured credit cards with no credit check. Similar to other secured cards, the new card requires a refundable deposit before you can use it to make purchases.
Features Zero fraud liability insurance. Multiple reward programs and cash back on every purchase. Review of accounts regularly to raise the limit. Procedure for pre approval without reviewing records. A straightforward activation and application procedure. Pros No yearly fees. Provides rewards that are above average. An increase in the credit limit. Cons A $200 minimum deposit is needed. Extremely high annual percentage rate. Low credit limit at first. APR: 30.74% variable
Annual Fees: $0
Rating: ⭐⭐⭐⭐
So these are the best credit cards with no credit checks that you can choose to maintain your finances. If you pay your bills on time, all the cards on our list will help you build credit on responsible usage.
What Should You Look for When Applying for a Credit Card With No Credit Check? Applying for a credit card can be a daunting task for people having no prior experience. Given this, there is an abundance of news about card misuse and new cards circulating on the internet.
But, it’s not that hard. We have listed a few points that will help you compare the features and pick the right one for you.
Avoid credit cards that offer few features at exorbitant fees. You can select cards with competitive annual percentage rates (APRs) and low or no fees. Selecting cards with a rewards program is best for you. However, confirm that these incentives are helpful and have a high redemption rate. Seek out credit cards that don’t have any unexpected fees or extremely high late fees. You can search for credit cards that offer cashback and welcome bonuses in the hopes of saving a few extra bucks. By keeping all these points in mind, you will be able to find the best among all. Please note that every person has different requirements, so choose the card that helps with your needs. Moving ahead, let’s look at the benefits of credit cards with no credit check in the next section.
What are the Benefits of No Credit Check Credit Cards? You must have a decent financial record to procure loans or even get business cards. People starting with credit can take full advantage of starter cards as they get the opportunity to build a good record.
Here are some more benefits of getting credit cards no credit check :
Cashback Rewards When you make purchases, credit card companies offer a variety of rewards programs that let you accumulate benefits, points, or cash back. Many of these incentives are connected to online retailers like Amazon and Flipkart.
Points on credit cards and no-cost equivalent monthly installments (EMI) are two popular examples. You can use these rewards for shopping and travel. To get the most out of your card, you must comprehend the terms of the rewards program and make strategic use of it. This can be a great way to save money or earn points on the items you would purchase.
Build Credit History A credit card or other credit line that reports activity to a credit bureau is required to build a credit history. Your credit report will include information about payments you make as well as other items to start establishing your credit history. So these cards can help you build a decent record. Moreover, you can also apply for auto loans and other financing options in times of crisis.
Helps in Managing Budget You can better understand your budget and how to manage it by tracking your spending and using your credit card for regular expenses. It’s critical to monitor your spending, using money management tools to deal with debt, and establishing a spending limit.
For this, you can also use our credit card calculator to figure out your payments and schedule them accordingly.
So these are the benefits you can get with these credit cards.
This was all about the best secured credit card no credit check. We hope this blog will be helpful to you. Also, you should use your new card responsibly to start building a decent record.
Read Next: Explore the best business credit cards with an EIN only in 2024.
Frequently Asked Questions Ans: Yes, some unsecured cards don’t require history. However, they come with limited benefits in comparison with secured cards.
Ans: You can fill out the application form after checking your eligibility or contact the company regarding the process.
Ans: Yes, these are called starter cards, and they help in building credit history for beginners.
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