There are several credit cards for no credit with no deposit required, including Capital One Platinum and QuicksilverOne, the Credit One Bank Platinum Visa and the Deserve Classic Mastercard. Student credit cards are also an option if you’re in school. Many no deposit credit cards for no credit also have no annual fee. That’s important because fees, unlike a deposit, are not refundable. Let’s take a closer look at some of the top choices.
Here are the best credit cards for no credit with no deposit:
Capital One QuicksilverOne: Unlimited 1.5% cash back on all purchases. $39 annual fee. Available with limited or no credit.
Capital One Platinum: No rewards. No annual fee. Available with limited or no credit.
Credit One Bank Platinum Visa: 1% cash back on all purchases. $0-99 annual fee. Available with bad, limited or no credit.
Deserve Classic Mastercard: No rewards. $39 annual fee. Available with limited or no credit.
Milestone Mastercard: No rewards. $35-99 annual fee. Available with bad, limited or no credit.
Indigo Mastercard: No rewards. $48 annual fee ($75 first year). Available with bad, limited or no credit.
Discover it for Students: 5% cash back on the first $1,500 spent in categories that rotate each quarter, 1% on everything else. No annual fee. Available to students with limited or no credit.
Journey Student Rewards from Capital One: 1% cash back on all purchases, 1.25% if you pay on time. No annual fee. Available to students with limited or no credit.
There are plenty of options to pursue as far as credit cards for no credit with no deposit go. But if you find yourself rejected for the first one or two you apply for, you should consider going with a secured credit card. They have much higher approval odds, and your security deposit is fully refundable as long as you pay off your balance. Secured credit cards can help you build credit just as well as unsecured credit cards, so you shouldn’t rule them out entirely.
Quite a lot, actually, especially if you're a student. If not, my cousin started with Credit One Platinum, and he's pretty happy with it. Just look for any card that doesn't have "Secured" in the name, and with "Limited History" as the requirement.
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