Can you get a credit card without a credit score? Having no credit history can make it more challenging to get approved for a credit card, but it’s not impossible. In fact, there are certain cards designed specifically for those who don’t have a credit score or have very limited credit history. While you may face some obstacles trying to qualify with major banks and lenders, here are some good options for getting your first credit card without you needing prior credit.
Apply for a secured credit card
One of the best ways to build credit from scratch is with a secured credit card. With a secured card, you place a refundable security deposit, typically $200 or more, that becomes your credit limit. Since the deposit reduces the risk for the lender, secured cards are much easier to get approved for when you don’t have a credit history. You can shop around for card options on creditcardsexplained.com. Of course, be sure to make all of your payments on time and keep your balance low. After 12-18 months of responsible usage, you can often upgrade to a regular unsecured card and get your initial deposit back.
Get a student credit card
If you’re a college student, look into student credit cards from major issuers like Discover, Capital One, and Bank of America. These cards are designed for students with little or no credit history, though you may need to show proof of income from a job or other sources.
Become an authorized user on someone else’s credit card
Another option is to become an authorized user on someone else’s credit card with a long, positive credit history and low balances. It’s essentially piggybacking on their credit history, and their good habits will contribute to building your credit score. See if a parent, spouse, or other trusted person will add you as an authorized user on their credit card account.
Consider a retail store card, if you must
While not ideal in the long run, retail store credit cards can help establish your credit. Brands like Target, Kohl’s, and others may have less stringent approval requirements. Just beware of lower credit limits and higher interest rates on retail cards. Use them sparingly, and consider cutting them up altogether once your credit is in good shape.
Ask a close family member to be your co-signer
Some major credit card issuers allow applicants with limited or no credit to have a co-signer. A co-signer is someone with good credit who agrees to share responsibility for the debt if you fail to pay it. This can help you get approved, but comes with risks for both parties.
Before you apply, be ready for the responsibility
Before applying for any credit card, do your research on the card’s features, fees, APRs, and approval requirements. Make sure you understand its annual fees, interest rates, and credit limits. Many student and secured cards have fewer fees and perks, so set realistic expectations. Once you’re approved for a card, the key is to use it responsibly. Make payments on time every month, keep credit utilization low, and avoid maxing out your available credit. Treat your first credit card as a tool to establish a solid credit history through good financial habits.
Getting approved for your first credit card absolutely is possible, even with no credit history. Shop around strategically to get started, be a responsible borrower, and be patient as your credit history builds over time.
