What unsecured credit cards can I get with no credit check?

Question

The best secured credit card for no credit is the Discover it® Secured Credit Card because it has a $0 annual fee, gives 1 - 2% cash back on purchases, and doubles the rewards cardholders earn the first year. The Discover it® Secured Credit Card requires a refundable security deposit of $200 or more, for a credit limit equal to the deposit amount. But it also offers the chance to graduate to an unsecured card after at least eight months of on-time payments.… read full answer

Another good secured credit card for no credit is the Secured Mastercard® from Capital One. This card guarantees you a $200 credit limit, in return for a deposit of $49, $99 or $200, depending on your credit standing. This means the card could be "partially secured."

Best Secured Credit Cards for No Credit

Best for Rewards: Discover it® Secured Credit Card

Best for a Low Deposit: Secured Mastercard® from Capital One

Best for a High Limit: U.S. Bank Secured Visa® Card

Best for Easy Approval: OpenSky® Secured Visa® Credit Card

Best for a Low APR: First Progress Platinum Prestige Mastercard® Secured Credit Card

In general, secured credit cards offer high approval odds to people with limited or no credit. They're designed for rebuilding credit, after all, and even people with bad credit scores can get approved. But even the best secured credit cards should only be a backup plan for people with no credit.

There are also unsecured credit cards for no credit with no deposit required. Student credit cards are the best deals, with $0 annual fees and more than 1% back on purchases. But other people with limited credit should be able to find a good offer, too. So, you might want to try for an unsecured card for no credit first and then settle for a secured card if you don't get approved.

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Answer 1 · 2021-04-19 18:18:27

Maria Adams, Credit Cards Moderator

@m_adams • 04/19/21 This answer was first published on 04/16/21 and it was last updated on 04/19/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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There aren’t any unsecured cards you can get with no credit check. There are, however, secured credit cards that don’t check applicants’ credit history.

It is also worth noting that you may receive offers for cards that guarantee approval, or offers that you are “pre-approved” for; but those also require you to apply. And if you submit an application, you are giving the bank permission to permission to check your credit report and your credit score may suffer as a result.

Here’s what happens with credit checks for unsecured cards:

Regardless of your credit profile, if you’re going to apply for an unsecured credit card, a credit check is necessary. An issuer has to have some indication of your ability to pay back the debt, and the information in your credit report will assist them in making that assessment. Even if you’re a student, or have limited credit, an issuer will need to know that before they’ll extend you any credit.

And while there is a line of unsecured credit cards available for people with bad or limited credit, approval is not guaranteed without a credit check. That might seem to defeat the purpose, providing customers an opportunity to rebuild or establish credit. But there are instances that may surface during a credit check that would prompt an issuer may reject an application.

If you have a pending bankruptcy on your credit report, you will have little chance of getting approved for an unsecured credit card, and likely most secured cards. You might still be in the running for a secured credit card with no credit check.

The Applied Bank® Secured Visa® Gold Preferred® Credit Card, the OpenSky® Secured Visa® Credit Card, and the First Progress Platinum Elite Mastercard® Secured Credit Card all promote no credit check. You’ll have to submit a deposit of at least $200 to set your credit limit, and some of that limit will be eaten up by annual fees.

Answer 2 · 2019-10-30 06:31:47

Peter Fox, Wannabe Investor

@PeterFox 10/30/19 This answer was first published on 10/30/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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There are no unsecured credit cards that would approve you without a credit check.

With that said, there is a secured card that doesn't need to check your file for approval: the OpenSky Visa.

They simply need to verify your identity, so a recent bankruptcy or tax lien on your record shouldn't really affect approval. Of course, you must be 18+ years old and have enough income to afford a $200+ security deposit, a $35 annual fee, and monthly bill payments.

What unsecured credit cards can I get with no credit check?

Maria Adams, Credit Cards Moderator

Here’s what happens with credit checks for unsecured cards:

Peter Fox, Wannabe Investor

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