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Currently, there are credit cards without a credit history. In other words, if you have bad credit or want to start using credit, there are certain types of cards that are ideal.
These credit cards do not check the credit bureau and also have more perks than a traditional credit card. Some good alternatives are prepaid credit cards and secured credit cards.
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Types of credit cards without credit history
- Prepaid credit cards: this type of card allows you to load the amount you want and use it until the limit is exhausted. Top-up can be done several times, with varying amounts, depending on your desire and financial availability.
- Secured credit cards: You will have to make an initial deposit into an account and make proper use of your purchases and payments for a period of approximately 12 and 18 months. Your credit limit will depend on the deposit amount.
- Departmental credit cards: Many departmental cards do not require proof of income and are backed by a transaction network, such as Visa and Mastercard.
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Advantages of credit cards without credit history
Most credit cards with no credit bureau verification have many benefits: They have no annual fees and their fees are lower than those at traditional banks. Plus, you can easily monitor your spending, which will help you rebuild your credit history, and they are accepted in many parts of the world.
Where to find credit cards without credit history
Many financial institutions now issue credit cards without checking the credit bureau. To get a credit card without a credit history, you don't need to prove your income or pay fees in advance. In general, you must fill out a form, be of legal age and present identity and residence documents.
