If you don’t have a credit history, it can be tough to get approved for credit. No one wants to take the risk on someone with no proven background. However, there are some credit cards available to help you get started. Make sure you only apply to credit card offers where you’re likely to be approved. Here are some options to consider if you want to begin building your credit.
Discover It Secured Card
Discover has a secured credit card for people with no credit history. There’s no annual fee for this card, which makes it an attractive option. You must deposit a minimum of $200, and the regular APR is 23.99 percent.
Capital One Secured Mastercard
Capital One has a lot of credit card offers, so it’s no surprise that it has one for people with no credit history. There are no one-time or annual fees with this card. It’s ideal for anyone who has limited amount of money to start out. You can open an account with either $49, $99 or $200. A side benefit is that you might be able to switch this card to an unsecured card after you prove yourself.
Capital One QuicksilverOne Cash Rewards
This credit card is another ideal choice for people just starting out. It carries an annual fee of $39, but you don’t need to pay a deposit, so it’s an unsecured credit card. It also pays 1.5 percent cash back on purchases. It’s often difficult to get a rewards card until you have a proven positive credit history, but this card gives you that.
Capital One Platinum
Another card from Capital One, this one carries no annual fee and doesn’t require a security deposit. It has an APR of 24.99, but that is a variable rate. You might want to choose this card if you’re looking for one that carries no annual fee and doesn’t require a security deposit.
