There are a handful of secured credit cards with no credit check, including a pair of primor Secured Visa cards, the Applied Bank Secured Visa Gold Preferred Card, and the OpenSky Secured Visa Card. The OpenSky Visa is the best no-credit-check secured card because it has a lowest annual fee: $35. But the most expensive of the bunch only charges $49 per year, and they all report information to the credit bureaus each month. So any of them can help you immediately begin rebuilding your credit.
It’s important to note, however, that even the credit cards with no credit check have some approval requirements. You have to be at least 18 years old, for one thing, and you need enough money for the refundable security deposit.
Here’s are the best secured credit cards with no credit check:
You should also double-check whether you really need a secured credit card with no credit check. Even secured cards that require a credit check are pretty easy to get. They’re meant for people with bad credit, and the refundable security deposit you must place to get one reduces the risk for issuers.
Individual issuers may have specific requirements that rule some people out. For example, you can’t get the Capital One Secured Mastercard or the Discover it Secured Card with a non-discharged bankruptcy on your credit report. But there are plenty of others whose main requirement is that you have enough money to fund a security deposit. And while they may do a credit check, it shouldn’t prevent most applicants from being approved.
The hard inquiry that comes with a credit check shouldn’t be too big of a deal, either, if there’s an account waiting on the other end. You won’t be able to qualify for any worthwhile loans, or anything like that, until you improve your score. So if you don’t need the best possible score right now, taking a short-term hit to achieve long-term gains is the way to go.
Finally, if you’re nervous about getting rejected, you can check for pre-approval before applying. Pre-approval doesn’t mean you’re guaranteed an account, unfortunately, but it is a sign that your odds of approval are extremely high.