How to fix things when you have a no credit history situation


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » How to fix things when you have a no credit history situation

How to fix things when you have a no credit history situation

The content is accurate at the time of publication and is subject to change.
We all have and use credit cards from time to time. They are without a doubt one of the most important and necessary items for our daily transactions and for other purposes. While some of us really rely on credit cards when the cash flow is low sometimes, others have it just to do some basic transactions that will help to work on the credit history. The problem is usually when you are trying to get your first credit card ever, which is rather difficult to get with ease. When you wish to have a credit card for yourself you should be able to show that you can handle the expenses and how they check it is based on your credit history. But how can someone who has never had a card before have a convincing credit history? It is still possible. If you want a credit card, you should be able to convince the creditors of your eligibility and there are ways to do that simply enough. The most important thing to do is to decide on the type of card you want to have. With no credit history, there are cards available and it is important to investigate the different cards in the market and see which ones are available for you. When you have figured that out, you can move onto the next step which is to see which ones work best for you. Most often for someone with no credit history, a secured credit card would be the one that is available. It is a good way to start as it helps to work on your credit history and will not be damaging to you in any way as you are securing the card beforehand and using it. When you look at different secured credit cards available in the market, take care to also see which one has lower interest rates and fees on them and will work best for you. Bad credit history need not make things difficult, in fact there are loopholes that help you get your first credit card rather easily. When you have a secured credit card, many companies will offer ones where there is regular reports sent to the credit bureaus, which means in no time you will get the offer for an unsecured card. Credit cards are not the most difficult item to come by and you need to be able to work things out. Another way people opt for is to get a store credit card. While these cards have very low credit limits, they still indicate that you can manage your money well and do make the payments on time. If you have a savings account or a salaried account with a bank for many years, then you can discuss your options with them as well and see if you can get a card through them sooner than later. Make sure you know how things are done and what works best for you so you can pick the right credit card.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Card Tips For Holiday Shopping 2018

Credit Card Tips For Holiday Shopping 2018

Posted: December 15, 2018

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

Posted: November 25, 2018

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
Top 5 Cards for Travel from Our Partners: Winter 2019 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Winter 2019 – Expert’s Choice

Posted: November 24, 2018

Nights are still drawing out, the wind is cold, and the air smells like snow already - the winter is close. Christmas and holiday season are approaching swiftly, and overwhelming gift ideas are swirling chaotically in your mind. Ready or ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!