A few points to remember when applying for credit cards for people with no credit. Credit cards without credit are more likely to offer lower credit limits. They will also often re-evaluate the credit limit within six months. These cards don't offer any high-rewards. They may offer rewards for purchases that are common. After you have built a solid credit history, you may qualify for higher perks.
Bento
With Bento credit cards, you can apply for one if you're not sure whether you can get approved. The company offers business credit cards that are linked to your personal checking account or business checking account. You can use these cards to make purchases and pay bills. Through the online portal, you can set spending limits or control your spending habits.
After you submit the application, the company reviews your business information and verifies your identity. If your business fits their requirements, you may receive instant approval. You may need to wait for up to two days before your new card is issued. There are no annual fees or interest on the card, though you may need to pay a monthly fee depending on your usage.
Citi Double Cash card
Citi Double Cash Card cardholders receive a $200 welcome bonus. It's one of the best cash-back credit cards available, with 1% cash back on all purchases after you pay the bill. You can also transfer your balance to the card at 0% APR for up to 18 months. The only problem is that you'll have to pay a 3% balance transfers fee within the first four-months. The fee rises to 5% after the fourth month.
Citi Double Cash Card, a great credit card option with no annual fees, is the Citi Double Card. This card gives you unlimited 1% cashback if your payments are made on time. Cashback can be used to repay the card or to redeem the card for a statement-credit. However, there is a $25 minimum redemption requirement, and there is no maximum limit for the cash back you earn.
Citibank prepaid card
People with bad credit may find a Citibank prepaid card without credit a good option. The card comes with a variety of benefits including rewards and a low annual cost. You can check your FICO score online and it reports to the major credit bureaus. This card is accepted worldwide. To receive the card, applicants will need to make a $200 security deposit. Additional benefits include account alerts and auto-pay, and you can even manage your account online.
Customers receive a number benefits through this card. These include a rewards program which offers higher earnings at both supermarkets as well as streaming services. It also has a low annual fee and no credit score requirement. It does have some drawbacks: there is an annual spending limit, and 2.7% foreign transaction fee.
Unsecured credit cards
Unsecured credit cards for no credit can be expensive and come with high fees. They often have high interest rates. Unsecured credit cards are available with lower fees and no annual charges. These are some tips to help choose the right card for you: Look for a credit card that has no annual fees. A card with rewards is also an option.
Make sure you understand how much spending power is required before you apply for an unsecured credit card. Your first credit card limit can be anywhere from a few hundred dollars to thousands. You should always ensure that you can pay the entire bill. Late payments could cost you a lot.