Yes, there are credit cards for people with no credit. Nowadays, the well-developed business world offers even unsecured credit cards for bad credit with no deposit. Therefore, if you are new in the credit card game, you should definitely consider tempting offers from the best credit cards for no credit.
Citi® Secured Mastercard® will more likely become the first proposition you will face. Its features are:
- No annual fee.
- Secured deposit for minimum $200.
- It’s acceptable worldwide.
- Monthly notifications to the credit bureaus.
- Regular but variable APR for 23.24%.
The other offer from Mastercard® with no annual fee is Capital One® Secured Mastercard®. Regular APR is a little bit higher than a previous card requires (24.99%) but it also accepts limited and bad credit.
The other credit cards for bad credit no deposit with no annual fee are Capital One® Platinum Credit Card and Credit One Bank® Unsecured Visa® for Rebuilding Credit (but it can vary).
Good offers that though include annual fee are First Progress Platinum Select MasterCard® Secured Credit Card with $39 annual fee for bad credit, OpenSky® Secured Visa® Credit Card with $35 for an annual fee, USAA Secured Cards® American Express® Card with the same annual fee, etc.
You should understand that all credit cards for no credit differ. You must check out the terms before applying to it and choose the most suitable one.