Get credit cards despite having no credit history

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Get credit cards despite having no credit history

Get credit cards despite having no credit history

By
Add to Favorites:
People often hear about no credit history being a real problem. Whatever you want to do in life, having credit history is the very first step. It is important to find one way or another of making sure that you have a decent credit history. When you never have had a credit card, this can be rather difficult. There are some simple steps you can plan to make sure that you have a proper credit history for your needs. If you are a college student and are looking for your first credit card, don’t panic thinking that you cannot get credit history. It is possible to apply for credit cards while in college with some simple steps. There are two options available to you if you have never had credit cards before. You can start small; opt for a prepaid or secured credit card. This is often the best way to begin especially in college. It will allow you to have more control on your spending as the credit limit will depend on how much money you can put into your account. You may not be able to always spend more but this will be a healthy way to get used to having a credit card. In addition many secured cards have an option by which you can ensure that it gets reported to the credit bureaus. Another way to sort out the problem with no credit history is by deciding to opt for a joint card. There are situations where if you opt for a joint card with a parent or a sibling who has excellent credit history you can easily get your first credit card. But this is a risky thing to do, if you make a mistake or miss out on a payment; it will cost both of you dearly and will affect both your credit reports irrespective of whose mistake it is. Make sure that you do your payments regularly and don’t end up spending more than you can afford to pay off. People can also opt for a credit card from a bank where they have had a salaried account for years together. This will mean that they have a working relationship and with an account in the bank, they will be willing to offer you a good deal. Even if you get a lowered credit limit to begin with, it’s better than nothing at all. Slowly you can improve your credit history and credit scores. Make sure that you discuss the option of a lowered APR as well if possible. Having no credit history is not necessarily the end of all your credit card dreams. There are ways to be eligible for cards and to work your way up the ladder. You can even opt for some store credit cards while you are at it, learning how to use them and making your payments correctly. Sometimes these can also be used as a means to getting your first ever credit card. Remember, these cards when used right will be a good bet always.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

5 Reasons to Get the Capital One Venture Miles Rewards Card

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading
Credit Card Tips For Holiday Shopping 2016

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading
Credit Cards to Save More on Holiday Shopping

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading