It’s easy to get overwhelmed when just starting with credit cards and building credit.
With so many different types of cards available, it can be challenging to know which one is right for you. If you have no credit history, it can be harder to figure out which card is best.
Fortunately, several great credit cards are specifically designed for people with no credit history. This blog post will discuss the best credit cards with no credit history for building credit.
So, if you’re ready to start building your credit, read on to learn!
5 Best Credit Cards for Building Credit with No Credit History
When you don’t have any credit history, it can be not easy to get approved for a credit card. But some great credit cards will help you build your credit without starting from scratch.
Here are five of the best credit cards for building credit without a credit history:
Discover it® Secured
If you’re looking for a reliable credit card to help you build credit with no credit history, the Discover it® Secured is an excellent option. This card offers a variety of benefits and rewards to help you build your credit and make purchases that you can quickly pay off.
The Discover it® Secured has an initial deposit of $200 and a minimum-security deposit of $2500, depending on your creditworthiness. This card also has no annual fee, which helps you save money in the long run.
You can also earn cashback rewards on every purchase made with the Discover it® Secured. You will earn 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% cashback on all other purchases. The cashback you earn will be doubled at the end of your first year with this card so that you can reap even greater rewards.
Also, Discover it® Secured has a 0% introductory APR for 14 months on balance transfers and purchases. So, you can easily finance large purchases or transfer existing balances.
With its generous rewards program, low-security deposit, and no annual fee, this card is ideal for those just starting.
Capital One Platinum Secured Credit Card
The Capital One Platinum Secured Credit Card is an excellent option for people who are just starting and need to establish a good credit score.
With this card, you’ll get a variable APR of 29.74%, which is very competitive in the market. Also, it doesn’t have any foreign transaction fees or an annual fee. This feature makes it an excellent option for people who often travel or don’t want to pay a yearly fee.
The card is backed by Capital One, one of the most respected banks in the world, so you can be sure your money is safe and secure. Plus, you’ll get access to various online tools that help you stay on top of your credit score and track your spending habits. You’ll also have access to 24/7 customer service and fraud protection for added peace of mind.
It’s easy to apply, and you’ll get your funds quickly once approved. It makes it easier to start building your credit score right away.
U.S. Bank Altitude® Go Visa® Secured Card
The U.S. Bank Altitude® Go Visa® Secured Card is a perfect choice for those looking to build their credit without any credit history.
This card has a competitive 29.49% variable APR and no annual fee. With this card, you can access a secured credit line with a deposit equal to your credit limit. You also have access to 24/7 customer service and can manage your account online or with the mobile app.
When using the U.S. Bank Altitude® Go Visa® Secured Card, you’ll have access to the U.S. Bank Cash+ rewards program. By doing this, you can earn cash back on eligible purchases and even customize how much money back you receive for each purchase category. Additionally, there is a 3% fee for each transfer.
With its competitive APR and no annual fee, this card is a great way to build your credit history and establish yourself financially.
Wells Fargo Secured Visa® Card
The Wells Fargo Secured Visa® Card is an excellent choice for those looking to build credit with no credit history.
The card offers a low annual fee of $25 and a low variable APR that ranges from 19.49%, 24.49%, or 29.49%. You can deposit funds from your bank account or other financial institution to secure your credit limit.
In addition, you’ll receive access to credit education tools to help you understand and use your credit responsibly. You’ll also get access to budgeting and money management tools and text and email alerts.
With the Wells Fargo Secured Visa® Card, you can make payments on time and manage your account responsibly. You may be eligible to upgrade to an unsecured credit card in as little as 8 months. It means you could get access to more competitive rates and rewards programs that don’t require a security deposit.
OpenSky® Secured Visa® Credit Card
It offers a straightforward application process, no credit checks or minimum credit score requirements, and an initial credit limit of up to $3,000. You can also use the card to build your credit score over time.
The OpenSky® Secured Visa® Credit Card offers some great benefits.
The benefits include zero fraud liability protection and online account access. The card also offers flexible payment options and competitive rates. This card has an annual fee of $35 and a variable APR of 21.64%.
With no credit check, low fees, and easy-to-manage features, this card is a great way to establish a good credit rating.
Conclusion
Building credit can be a daunting task, especially if you don’t have any credit history. But the good news is that it doesn’t have to be challenging. You can establish your credit with the right credit cards in no time.
The credit cards we’ve discussed are some of the best for building credit with no credit history. They all have their benefits, so compare them before choosing the one that works best for you.
Regardless of which card you choose, it is essential to use it responsibly and make timely payments to build a positive credit score.
