Skip to main content
September 27, 2019
Question

Credit cards for no credit

  • September 27, 2019
  • 2 replies
  • 0 views

What are good credit cards for people with no credit and trying to build?

    2 replies

    September 27, 2019

    A few links appear below. You can do your own search online using search terms such as "credit cards bad credit" or "credit cards no credit".

     

    https://wallethub.com/credit-cards/no-credit/

     

    https://www.creditkarma.com/credit-cards/no-credit/

     

    https://www.nerdwallet.com/best/credit-cards/no-credit

    September 27, 2019

    there are free websites that can advise you of what credit cards you may qualify for.  the purpose of having a credit card is to build a history of credit and timely payments.     you probably should look into a no annual fee card and plan to pay it off timely and in full each month.  doing this builds credit payment history which is 35% of FICO score and length of credit history which is 15% of credit score.  keeping  usage to less than 30% is recommended.   usage is 30% of FICO score.  as time goes on and you pay timely, it likely that the CC company will increase your credit line.        

     

     

    if you ever want or need to borrow say for a car or home and not have to pay a ridiculous rate of interest, there's no time like the present to start building you credit history.      even some landlords will look at your credit score before renting.