If you don’t have credit, you must enjoy the article about the easiest credit cards to get with no credit. Insider Monkey recently published an article about this topic giving you some very useful tips. Generelly those people have no credit who are students, interns, teens, or other first-time employees.
Taking our first card means a big responsibility, especially if you plan to get bank loan, as well. If you aren’t ready to pay your bills on time – think twice to take a credit card! Make sure that you have a job with an income that will allow you to make regular credit payments. If you want to make this process easier, try to find a co-signer. This way you will use other people’s good credit to get your first card. If everything is ready for you – you cant start your credit score step by step. I think it’s a great challange, and if you economize with your money well, you will be successful!
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked two credit cards from their list.
The first credit card is First Progress Platinum Prestige MasterCard Secured Credit Card. Minimum credit is bad (30 points); minimum deposit is $200 (5 points); annual fee is $49 (0 points). First Progress’s secure credit card has a relatively high annual fee and minimum deposit, which isn’t strange for secured credit cards, which usually feature less favorable offers. With First Progress Platinum card, you will get no introductory rate period. Instead, you will need to pay an APR of 9.99% for regular purchases. The minimum deposit is $200, and it is fully refundable. If you pay off your balance, you can withhold your deposit at any time. The second card on our list now is Primor Secured Visa Gold Card. Minimum credit is bad (30 points); minimum deposit is $200 (5 points); annual fee: $49 (0 points). Although primor Secured VISA is not much different from the previous card we have described, it still comes with a few extra features and fees. For example, the purchase APR of 9.99% is fixed. The company charges 3% for foreign transactions, and there is a $29 max late fee and 18.99% cash advance rate. The company says it is a great card for people with no credit and they offer a very simple application process.
For any further interesting information read Insider Monkey’s article about 11 easiest credit cards to get with no credit.