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Best Credit Cards For People With No Credit

Do you have limited credit or no credit history at all? Don’t worry because we bring you Best Credit Cards For People With No Credit

. Using a good credit card can help quickly raise your score and help you earn valuable rewards. Here, we bring you some good credit cards that can allow you to start building your credit even if you don’t have a previous credit history.best credit cards for people with no credit

Best Credit Cards For People With No Credit

  • Capital One Platinum (Best No Annual Fee)
  • Discover it Student Cash Back (Best Cash Rewards for Students)
  • DCU Visa Platinum Secured Credit Card (Best for No Fees)
  • Deserve EDU MasterCard for Students.

Capital One Platinum (Best No Annual Fee)

Bright Sides

This card approves you even when you are starting out without credit

Get automatically considered for a credit limit increase if you make your first five monthly payments on time.

Downsides

  • Capital One Platinum comes with a high APR.
  • Does not offer a signup bonus or pay rewards on purchases.
  • Minimum Credit Required: Average
  • Annual Fee: None
  • Intro APR: None
  • Ongoing APR: 26.96%
  • Balance Transfer Fee: None
  • Cash Advance Fee: $10 or 3% of the cash advance amount
  • Foreign Purchase Transaction Fee: None
  • Signup Bonus: None offered.

Discover it Student Cash Back (Best Cash Rewards for Students)

Bright Sides

This card pays you 5% cashback on purchases in categories that rotate each quarter and 1% back on everything else.

You are required to sign up to earn the 5% cashback in the bonus categories. You must enroll before the beginning of the quarter to ensure access to the bonus all quarter long.

Once you keep your card active and in good standing, Discover will match at the end of the year all the cashback you’ve earned at the end of your first year.

Earn $20 cashback bonus each school year for the next five years if you keep your GPA at 3.0 or higher.

Downsides

You can’t apply for this card with a co-signer, thus if you’re under age 21 and can’t show proof of independent income you may not qualify for this card.

  • Minimum Credit Needed: Average
  • Annual Fee: $0
  • Intro APR: 0% on purchases for six months
  • Ongoing APR: 15.24% – 24.24% variable
  • Balance Transfer Fee: 3% of the transfer amount that posts to your account by November 10, 2019: 5% of the transfer amount after that.
  • Cash Advance Fee: $10 or 5% of the cash advance amount
  • Foreign Purchase Transaction Fee: None
  • Signup Bonus: None.
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DCU Visa Platinum Secured Credit Card (Best For No Fees)

Bright Sides

The DCU card offers a competitive low-interest rate mostly for a secured credit card.

No annual fee or transaction fees on the card.

Get access to free auto rental collision damage waiver, optional overdraft protection, free travel insurance coverage, as well as an extended warranty on most of your purchases.

Downsides

Only members of the DCU credit union can apply for the DCU Visa Platinum Secured Card.

  • Minimum Credit Needed: Any
  • Annual Fee: $0
  • Intro APR: None Offered
  • Ongoing APR: 13.75%
  • Balance Transfer Fee: None
  • Cash Advance Fee: None
  • Foreign Purchase Transaction Fee: None
  • Signup Bonus: None offered.

Deserve EDU MasterCard for Students (Best for Immigrants & Permanent Residents)

Bright Sides

Deserve EDU MasterCard is a great option for immigrants and permanent residents who do not have a social security number (Needs no approval).

Upon approval, Deserve EDU MasterCard pays 1% unlimited cashback on all purchases made on the credit card.

As a student, you also get a certain limit of up to $5,000.

If you can use the Deserve EDU MasterCard wisely, you stand a chance of becoming eligible for the Deserve Pro MasterCard. With this upgrade, you get paid 3% cashback on travel and entertainment. 2% back on restaurants, and 1% back on all other purchases.

Downsides

No cash advance option, which can get you stuck if you need to get cash in an emergency.

  • Minimum Credit Needed: Average
  • Annual Fee: $0
  • Intro APR: None
  • Ongoing APR: 20.74% variable
  • Balance Transfer Fee: N/A
  • Cash Advance Fee: N/A
  • Foreign Purchase Transaction Fee: None
  • Signup Bonus: None

These cards outlined above are not all the cards you can get if you have no credit history, you can check other Bank sites for more options if the ones outlined above do not fit in for the purpose you need it for.

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