| Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically. Why We Like It: Capital One Platinum is a great starter card because it has a $0 annual fee, does not require a security deposit, and offers high approval odds to applicants with no credit or limited credit history. Show
What We Don’t Like: The only downside is that Capital One Platinum does not offer rewards, but low fees are usually preferable for newcomers, anyway. Who Should Get It: Apply for the Capital One Platinum Card if you’re new to credit and want a simple, low-cost way to build credit. Alternatives to Consider: If you’re a college student, you may qualify for a student credit card with a $0 annual fee and good rewards. The Petal® 2 Visa® Credit Card is the best credit card for people with no credit who want to earn cash back rewards. Why We Like It: The Petal® 2 Visa® Credit Card has a $0 annual fee and rewards cardholders with 1 - 1.5% cash back on eligible purchases. Paying this card’s bill on time each month not only helps you build credit, but it will also push your rewards rate to the top of the card’s range. What We Don’t Like: This card has a fairly high APR, and it takes a while to earn the highest rewards rate. Who Should Get It: Consider applying for the Petal® 2 Visa® Credit Card if you have limited or no credit history and plan to pay the bill in full every month. Alternatives to Consider: If you’re a big-spender, you might save more money at the end of the day with the Capital One QuicksilverOne Cash Rewards Credit Card. The OpenSky® Secured Visa® Credit Card is one of the best credit cards with no credit check. Why We Like It: There’s no hard inquiry into your credit history when you apply. Plus, the deposit requirement is fairly low, and account information gets reported to all three major credit bureaus each month. What We Don’t Like: There is a $35 annual fee. In addition, like other secured cards, the OpenSky is not good for carrying a balance from month to month. It’s best if you pay in full monthly. Who Should Get It: Apply for the OpenSky if you want high approval odds despite having no credit. Alternatives to Consider: There are a handful of other credit cards with no credit check. Capital One Quicksilver Student Card is one of the best credit cards for students with no credit. Why We Like It: Capital One Quicksilver Student Card is inexpensive, rewarding and easy to use. It has a $0 annual fee and a $0 foreign transaction fee, and it does not require a security deposit. Cardholders also earn unlimited 1.5% cash back on all purchases and an initial bonus of $50 for spending $100 in the first 3 months. What We Don’t Like: If you don’t pay the bill in full every month, interest charges will cost you a bundle. Who Should Get It: Consider applying for the Capital One Quicksilver Student Cash Rewards Credit Card if you are a college student with no credit. Alternatives to Consider: Compare the rest of the best student credit cards to find the best combination of rewards, interest rates and fees for your lifestyle. Other companies take different approaches to offer credit cards to consumers with no credit. Some will use info from your bank accounts and average income to make credit card approvals. Others provide special cards for students that don't require any existing credit rating. Find our best partner offers for credit cards that don't require a credit rating below. For related offers, be sure to see our top partner offers for those with bad credit.  Best card for those with no creditPetal® 2 "Cash Back, No Fees" Visa® Credit Card9.5/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards Card Highlights Intro OfferN/A APR16.74% - 30.74% (Variable) Intro Purchase APRN/A Recommended Credit Limited/Fair/Good/Excellent Reward Rates
Annual Fee$0 Additional Details Foreign Transaction Fees $0 Rewards & Redemption Details
Our TakeThe Petal 2 Visa Card, issued by WebBank, stands out as one of the best cards to begin establishing credit. It's our top pick because it comes with no annual fees, no late fees, no foreign transaction fees and no returned payment fees -- perfect for someone first handling the reins of managing credit. Your credit score, if you have one, and Petal's Cash Score, which analyzes how you spend your money, may be used when evaluating your application. If you have no credit, this means you will need to provide some financial details. Your credit limit will be between $300 and $10,000, based on creditworthiness. You also have the opportunity to earn 2% to 10% cash-back at select merchants, and your cash-back rate of 1% on eligible purchases will increase to up to 1.5% after 12 months of on-time payments. There's also no need to worry about a security deposit. Apply Now Good for studentsDiscover it® Student chrome9/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards Card Highlights Intro OfferIntro Offer: Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There's no minimum spending or maximum rewards. Just a dollar-for-dollar match. APR16.74% - 25.74% Variable APR *Rates as of December 15, 2022 Intro Purchase APR0% for 6 months Recommended Credit Fair/New to Credit Reward Rates
Annual Fee$0 Additional Details Intro Balance Transfer APR10.99% for 6 months Balance Transfer APR16.74% - 25.74% Variable APR *Rates as of December 15, 2022 Balance Transfer Fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* Late Payment Fee None the first time you pay late. After that, up to $41. Foreign Transaction Fees None Rewards & Redemption Details
Our TakeThe Discover it® Student chrome* offers a winning combination of cash-back and other rewards opportunities, as well as lenient terms for first-time credit card holders. You won't get dinged by the credit card company for your first late payment (up to $41 thereafter) or have to deal with an exorbitant penalty APR. Plus, you can earn 1% to 2% back in rewards each month (2% cash back at gas stations and restaurants on up to $1,000 in combined quarterly purchases, then 1%) on this Discover credit card. Discover does offer another similar student credit card, the Discover it® Student Cash Back*, but the rotating bonus categories for earning rewards can make things overcomplicated, especially for first-time cardholders. For our full review of the Discover it® Student chrome, check out our coverage of the best student credit cards. Learn More Good secured card for those with no creditCapital One Platinum Secured Credit Card4/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards Card Highlights Intro OfferN/A APR29.74% (Variable) Intro Purchase APRN/A Recommended Credit Limited, Bad Reward RatesN/A Annual Fee$0 Additional Details Intro Balance Transfer APRN/A Balance Transfer APR29.74% (Variable) Balance Transfer Fee $0 at this Transfer APR Late Payment Fee Up to $40 Foreign Transaction Fees None Penalty APR None Our TakeSecured credit cards work differently than other credit cards. They require an upfront security deposit to open your account, which your "credit limit" is often based on. It's an arrangement that's especially useful as a credit builder account for someone who needs to show they can reliably pay a bill each month. The Capital One Platinum Secured Credit Card* gives you $200 in credit when you deposit $49, $99 or $200, depending on your credit history -- making it one of the few secured cards to offer actual credit. (Your particular terms depend on your specific application.) And this secured card checks all of the boxes: $0 annual fee, modest minimum security deposit of $49 -- and the opportunity to earn back your security deposit as a statement credit when you use your card responsibly, like making on-time payments. Also nice: Capital One will see if you're preapproved with a soft credit check, providing a risk-free peek at eligibility before you submit an official application to the credit card company. Check out our full review of the Capital One Platinum Secured Credit Card for more details. Learn More What you need to know about credit before getting a credit cardThe most important thing to know about credit is that it's much easier to damage it than it is to repair it. That means missing any credit card payments will be detrimental to your finances, especially when you factor in penalty fees and penalty interest rates. Pay your credit card statement bill on time each month to avoid any headaches, preferably in full to avoid paying any interest charges. You also want to avoid using more than 30% of your credit limit for the best results. How to choose your first credit cardFirst, you'll need to consider your credit level. Credit cards have credit requirements, meaning not every person is immediately eligible for all credit cards. Generally speaking, the higher the credit requirement, the better the rewards and features. You can check your credit report for free by requesting your credit reports once per year from each credit bureau (Equifax, TransUnion and Experian), or through annualcreditreport.com. Some credit card issuers will provide your credit score for free, like Capital One's CreditWise. Checking your credit report periodically for inaccuracies (which can then be disputed) can help keep your credit in good shape. Some credit cards help you build credit from the ground up. For example, a secured credit card or a credit card for people with no credit accept applicants of various credit backgrounds. Be aware of any annual fee. An annual fee typically equates to higher rewards, larger welcome bonuses and better perks, but you want to make sure it fits your budget. Make sure the card earns rewards that line up with your lifestyle. Consider how you can redeem your rewards and choose the route that provides the highest return. Lastly, credit cards have an annual percentage rate, or APR, at which your credit card balance will accrue interest. Interest compounds daily, and any interest you've accrued will be added to your credit card statement at the end of the month. Opt for a card with a low APR and pay off your credit card statement in full each month to avoid interest charges. When should you get your first credit cardYou're eligible to apply for a credit card once you're 18 years old. The sooner you begin building credit the better. Your credit score determines what kinds of terms you get on loans, including auto loans, student loans, mortgages, personal loans and more. A good time to consider applying for your first credit card is if you're going away to college. A credit card not only provides a way to build credit, but also offers access to emergency funds and rewards on your spending. How to build credit without a credit cardIf you don't have a credit card, there are still ways to build credit. If you have student loans or an auto loan or mortgage, making your payments on time will improve your credit score. You could also utilize a credit builder loan which will help establish a strong history of positive payments. You can be added as an authorized user on a family member's credit card. If they have good credit and manage their credit card well, it'll contribute to your credit score. The most straightforward way to build credit, however, is by responsibly using a credit card. How to apply for a credit card if you have no creditFollow these steps to apply for a credit card if you have no or limited credit.
FAQsIs no credit the same as bad credit?No. Having no credit means you don't have any credit history, while bad credit means you have a credit history, but it's been damaged in some way. Can you apply for a credit card with no income?Most credit cards require some form of income verification while applying. Credit cards are still a form of loan, which means they involve risk. The lender needs to know you have a way of paying back the money you borrow. What do I do if I don't have a checking account?In most cases, you'll need a checking account and evidence of regular income to be eligible for a credit card. If you don't have one, check out our article on best checking accounts to find the account that best suits your needs. What's the fastest way to build credit?While most of the credit-building process requires time, there are a few things you can do to ensure that you're improving your credit score number as quickly as possible.
Our methodologyCNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash-back, welcome bonus, travel rewards and balance transfer. We take into consideration the typical spending behavior of a range of consumer profiles -- with the understanding that everyone's financial situation is different -- and the designated function of a card. For cash-back credit cards, for example, key factors include the annual fee, the "welcome bonus" and the cash-back rate (or rates, if they differ by spending category). For rewards and miles cards, we calculate and weigh the net monetary value of a card's respective perks. And with balance transfer credit cards, we analyze specs such as the duration of the introductory 0% APR period and the balance transfer fee, while acknowledging secondary factors such as the standard APR and the length of time you have to make a balance transfer after you open the account. More credit cards
*All information about the Discover it Student chrome, Discover it Student Cash Back and the Capital One Platinum Secured Credit Card has been collected independently by CNET and has not been reviewed by the issuer. The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners. Which type of credit card would you get if you have bad credit?Secured and unsecured credit cards
There are two types of credit card options for bad credit, secured and unsecured. A secured credit card requires a deposit of a certain amount of money into a savings account, and the credit limit is often based on a percentage of the deposited amount.
What is the easiest type of credit card to get?Secured credit cards are by far the easiest type of credit card to obtain, particularly if you have a poor or limited credit history.
How do you get good credit if you have none?If you have limited or no credit, here are five strategies you can follow to beef up your credit file.. Become an authorized user. If you don't have credit history, getting approved for a credit card can be tricky. ... . Apply for a secured credit card. ... . Make a small purchase. ... . Report your monthly rent payments.. Does having a credit card with a zero balance hurt your credit?It is not bad to have a lot of credit cards with zero balance because positive information will appear on your credit reports each month since all of the accounts are current. Having credit cards with zero balance also results in a low credit utilization ratio, which is good for your credit score, too.
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Best credit card if you have no credit
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