Even if you have bad credit or have yet to establish credit, it is possible to find no credit check credit cards. You have several options for no credit check credit cards, although going with an ad you see on the side of the bus may not be the safest way.
Use our FREE credit card finder to search for no credit check credit cards, such as secured credit cards, to see what’s available for you!
Most credit card companies or banks will require a credit check before issuing you are card. It is important to remember that once you are able to be approved for a credit card that you use it responsibly.
What are my options for no credit check credit cards?
Going for instant-approval or pre-approved credit cards may be easy enough, as long as you know what to look for. Because you may receive a credit card without a credit check, some of the fees associated with the card may be higher than a card that requires a credit check.
These fees can include an application fee, processing fee, account set-up fee, and penalty fees for late payments and going over your credit limit. While many credit cards of all types may incur such fees, no credit check credit cards may have the fees plus a higher interest rate than other credit cards.
What if I can’t find a no credit check credit card I want?
Another option for bad credit or no credit is getting a secured credit card. A secured card requires you to put money into an account to be used as a way to ensure you’ll be able to pay off your bills. You can still obtain a high credit limit with secured credit cards; you just have to make sure you have the money to put into an account to secure your payment.
One of the perks is you may be earning interest from the bank on the money you deposit in the account set up for your secured credit card. One of the downfalls, however, is usually a higher interest rate and an annual membership or participation fee from the credit card company.
Opening a smaller account at a local bank or department store, gas station or other business is another option. The smaller accounts are typically easier to obtain than larger accounts with big-name credit card companies, according to the Indiana Department of Financial Institutions.
If all else fails, you can also look into having someone with good credit score co-sign on your application. This makes them responsible for your debt if you fail to pay it off.
How do I know if a pre-approved credit card is a scam?
One sign of a scam may be a high-toll 900 number you are required to call to set up the credit card. Not only will you be charged a lot for the call, but you may not even get the card after you call.
The call may instead only provide a list of banks that have secured credit card offers or another 900-number you need to call to take the process to the next level.
What makes my credit bad?
Your credit report can suffer due to a variety of issues, the Federal Trade Commission notes. Not paying your bills on time or not paying them at all is a factor on your report, as is the remainder of your financial history.
Your credit report will note if you have filed for bankruptcy or have been arrested or brought to court with a lawsuit. General information is also included, such as your address and phone number. Any information that reflects badly on your history can lead to a bad credit report.
Errors on your credit report may also lead to a bad credit report even if you have a solid financial history. With this in mind, you are eligible to receive a free credit report once a year from each of the major credit bureaus of Experian, TransUnion, and Equifax. You may order them through the bureaus’ collaborative website at AnnualCreditReport.com.
You are also eligible to receive a free copy of your credit report if a company you apply to for a job, credit, or insurance and they turn you down, as long as you request your credit report within 60 days.
What do I do if I find a mistake on my credit report?
If you do find a mistake on your credit report, report the error in writing to the company that issued the report as well as the company or organization that provided the erroneous data. The company that issued the report will investigate and provide a free copy of your report if any changes are made.
While it may take considerable effort on your part, you may be able to repair your credit and be able to apply for credit cards without worrying about being rejected due to a low credit score. In the meanwhile, be sure to protect what credit you have by making sure whatever credit card you do apply for is with a reputable company and that you use it responsibly.
If your credit report remains dismal, you may still be able to receive a credit card with our FREE credit card finder today!
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