People with no credit have the most difficult time to get a credit card. This is because most of the major credit card providers require applicants to have some credit history and a fair to good credit score. However, a few credit card providers have realized that there are first timers that have no credit history. For those people, they have come up with credit cards for no credit. They are not as beneficial as the credit cards for excellent credit, but they do their job pretty well.
Here’s are a few ways following which you can improve your chances of getting credit cards for no credit.
Get a job!
Getting a job means you have a sufficient income to repay your credit card balance. In the credit card application form, you must fill it with your income source. Better the income, more you have chances to get a credit card even for no credit.
Student’s Card
Most of the time, it is the student that has no income source. They rely on their parents’ or guardian’s income. Students can get these cards easily once they get approval from the educational institutions. These cards come with a high interest rate and increased fees.
Secured Credit Card
This is the widely used option as this allows the applicants to deposit a sum of money as a security to the credit card provider. If you are planning to get one. Start saving money today to deposit the security amount. With time, you will be able to get the card and start having a credit history as well.