While experienced borrowers may be thinking carefully about just how many Secured Credit Cards with No Credit Checks too many can be, those who are new to credit or have People with low credit scores are often preoccupied with the process of qualifying for credit cards. If you’ve never applied for a credit card before or don’t have a lot of credit it’s natural to wonder how to start building your credit score. An effective way to accomplish this goal is to get a secure credit card that does not include a credit check.
Often going with a secure card is one of the most popular credit card tips for someone with no or little credit. By selecting a product that does not have a credit check you do not have to scramble before obtaining a credit card to ensure your score is in good shape. Instead you can focus on sound credit card management practices, allowing you to increase your score quickly.
If you’re ready for a new card, take a look at the 10 best secured credit cards here with no credit check required.
Secured Credit Cards with No Credit Checks
With the Sable One Secure Card, you don’t have an annual fee. In addition, you can earn up to 2% cashback on purchases, and there is no minimum security deposit. Consequently, this is one of the easiest card openings if you don’t have too much liquid cash — although your deposit does set your card limit, so keep that in mind.
You must open a Sable debit account to get started, but that process is quick. Additionally, you can graduate to an unsecured card in at least four months, which is a nice feature. Finally, APR is a surprisingly low rate, one of the lowest cost options if you plan to balance.
OpenSky secure visa
If you are looking for a moderate interest rate with an 18.89% variable APR, opens secure visa is a solid option. Also, you can start with deposits as small as $200, which makes this card particularly accessible.
Secured Credit Cards with No Credit Checks It is important to note that there is a $35 annual fee, plus foreign transaction fees, for using this card. Considering your preference for a competitive interest rate without a credit check this might be an option worth exploring.
Applied bank gold preferred secure visa
While the applicable bank gold preferred Secure Card comes with an annual fee of $48, the regular APR is just 9.99% fixed which is significantly lower for secured credit cards without a credit check. Plus, it reports to all three major bureaus, allowing you to boost your score using smart borrowing habits. The minimum deposit is just $200.
Select the first progress Platinum Mastercard
Another option, with a relatively low interest rate, comes with a 16.24% variable APR for the first progress platinum selection purchase. While there is also a $39 annual fee, competitive APR can make it worthwhile if you plan to carry the balance.
The minimum deposit required is $200, which makes it quite easy to open. However, there are no rewards, and you have foreign transaction fees, so keep this in mind before applying.
First Progress Platinum Elite Mastercard
The minimum deposit for the first Progress Platinum Elite card is $200. The interest rate falls at 22.24% variable, and the annual fee is only $29, making it a competitive price. However, there are foreign transaction fees to consider, and there are no rewards. Nevertheless, it is a full-featured card that reports to all three bureaus, which makes it a good contender with low starting deposits.
Chime credit builder visa
With Chime credit builder visa, you need a Chime spending account that is first receiving a direct deposit, which serves as proof of income. Once you have that space, you essentially set your spending limit by transferring funds from your spending account to credit builder visa.
But, when the account reports to all three bureaus, you do not have the option to carry the balance from month to month. On a good note, this means no interest, but it limits your spending capabilities.
Community Federal for tomo
Secured Credit Cards with No Credit Checks Tomo does not look at the credit score to determine your borrowing power. It is easier to qualify for credit even if you have no credit history or a low credit score because the lender considers other factors.
Like the Chime credit builder visa, you can’t keep a balance with the Tomo secure credit card. However, it reports to every Bureau, allowing you to easily create your score.
Increase credit from Sutton Bank
Technically, Grow Credit runs a soft inquiry, but it won’t affect your credit report or score. Additionally, the company welcomes applicants with no or bad credit and looks beyond your credit report to make lending decisions.
Overall, there are four different options available designed to meet a range of needs, but the focus is to help borrowers get loans to pay for subscription services on time. You can only use the grow credit card to pay for qualifying subscriptions (of which there are more than 100 options), and you must pay the balance every month. However, this is a free or low-cost way to improve your credit score.
If you are looking for a more traditional secured credit card with a lower minimum deposit, the go2bank Secure Card is a solid choice. You can start with less than $100. Also, there is no annual fee.
While the APR is slightly higher at around 22.9% – it is relatively competitive in this space. Plus, the card reports to all three credit bureaus, which can help you increase your score across the board.
One of the more unique options on this list, self visa does not start with a traditional deposit. Instead, you open a credit builder account. Once you make three monthly payments and secure at least $100 in savings, you can use that money to open your own Visa, all with no risk of being turned down. Plus, your activity will be sent to all three credit bureaus, making it easier to improve your credit score over time.