#apply for a credit card with no credit
Credit Cards for Bad Credit With No Deposit
Credit card options are limited for those with poor credit ratings, and a card is needed to improve the score in a decent length of time. The key is to find a card you can pay off each month that doesn’t require an expensive deposit to get approved. Rebuilding your credit can be daunting, so research any offer carefully before accepting.
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Orchard Bank Classic MasterCards
This is a very simple, no frills card for those with fair to bad credit that requires no deposit. This card is good for those who have a mid- to long-range credit history, yet still have a low score. The APR ranges from 7.9 to 29.49 percent; a wide range is based on credit history, debt-to-income ratio, and other factors. Your account can link up to your email and phone number for payment reminders and statements.
Capital One Standard Platinum Credit Card
If you have a low credit score because of a limited or non-existent credit history, this card is a great way to build it up. It’s available with no deposit and has a low $19 annual fee. The APR comes standard at 24.9 percent, but goes up to 29.9 percent.
Orchard Bank Classic Visas
This is exactly the same as the MasterCard version listed above, but uses Visa’s system instead. The APR ranges from 7.9 to 29.49 percent; a wide range is based on credit history, debt-to-income ratio, and other factors. Your account can link up to your email and phone number for payment reminders and statements.
Horizon Gold Credit Card
With a low interest rate and a guaranteed approval, this card can be a good way to improve your credit score. It starts with a limit of $500, but can only be used to make purchases at the Horizon website.