You could have a credit score if you’ve never had a credit card. It depends on whether any other types of information have been reported to the major credit bureaus in your name. Credit scores are based on the contents of your credit reports, and details about credit card accounts aren’t the only type of information that can show up on a credit report. Having bills in your name, taking out loans, or being an authorized user on someone else’s credit card are just a few of the ways you could have a credit score without a credit card.
Ways You Might Have Credit With No Credit Card:
- Taking out a loan (personal loans or student loans for college)
- Renting an apartment that reports to a credit bureau
- Being an authorized user on someone else’s credit card
- Receiving a court judgement that required payment (like alimony or child support)
- Making large purchases (like electronics or furniture) on store credit
The only way to know for sure whether you have a credit score despite never having a credit card is to check your credit score and report for free. It won’t hurt your score, if you have one, and you can sign up for regular credit updates to stay informed.
If you’re looking to start building your credit, the easiest way to do it is with a credit card. As long as you pay the bills on time and keep your balance well below your spending limit, the information that the credit card company reports to the major credit bureaus each month will help you build a good credit score. Plus, there are plenty of good credit cards for people with no credit.
Your credit score is important for a lot of things you’ll do in life, whether you want to buy a home, lease a car, or just get a better insurance rate. The earlier you start building credit, the better.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.