Which is the BEST “no credit history” credit card?
Question:
I don’t have any credit history so what’s the best credit card for a person like me?
Answer:
A secured credit card because there is no credit check. You have to put money on the account and you borrow against it, but you’re not actually using that deposit. However every time you charge something, your limit shrinks. You have to make credit card payments just like a regular credit card. Each time you pay, your balance goes back up. Making your payments on time is what will establish a credit history. If you default on a payment, it will jack up your history just like a regular card would.
Click here to find a secured credit card at Credit Karma. Click on the Credit Cards link in the menu and then click on the Poor Credit tab on the left side, just down the page a bit, but above the fold.