Credit Card How To Apply For A Credit Card Without A Credit History

Credit Card How To Apply For A Credit Card Without A Credit History

Money can be used to buy anything we want, yet feel and count what is not in our hands. Money can both save our lives and destroy them. Money is a necessity and our whole life revolves around it, with the means of figuring out how to spend it and our efforts to save it for a better future.

The modern concept of money does not incorporate its physical presence but presents itself as a card, a magical card that can make wishes come true instantly. 

Credit cards have revolutionized money, crossing physical boundaries and opening many new avenues. There are cases where the only item we need is our credit card and the possibility of carrying money has changed drastically.

Who are the people with no credit history
Credit history is associated with all those who have used a credit card for any purchase. People with no credit history are mostly students and new immigrants in a country who have never taken loans.

In the case of a card application, a person with a bad credit history has a better chance of getting a credit card than a person without any credit history. Although not having a credit history, there are also ways to get a credit card.

Individuals who want to apply for a credit card without any history can choose from some of the options below, which can greatly improve their chances of getting that elusive card.

But first I want to inform you that if you want to generate a new credit card online from the cage.

Student Card: Most major banks and financial institutions offer specialized student cards aimed at the student community. Applicants for these cards do not require a previous credit history and can be obtained if the person meets certain criteria. 

Having a job can make it easier to get the card approved and banks prefer to hand over the card to those who have a source of income.

Pre-qualification test: Some banks allow individuals with no credit history to take an online pre-qualification test. This test allows them to find out if they can be approved of a card and for what reasons the card was rejected if it is rejected. The next time they apply for a card, this information can help prepare them better.

Store credit cards: Some countries have the concept of store credit cards, which are easy to obtain and do not require any credit history. These cards have low credit limits and high-interest rates and are typically cards that are not Visa or MasterCard approved.

Prepaid Card:  Individuals with no credit history but with disposable income in hand can apply for a prepaid card. These cards are as good as normal credit cards but the credit limit is limited to the prepaid amount. There is no fear of exceeding the credit limit or late fees with these cards.

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Co-signed cards: Banks offer co-marked cards for individuals with no financial record. These cards require a nice credit to somebody who co-finishes paperwork for you, in addition to monetary help building your odds of acknowledgment.

Co-signed cards can be a smart move if you have someone who trusts you and is willing to sign on your behalf, although they also allow your financial transactions to be seen by the co-signer.

Secured Credit Cards: Secured cards are similar to normal credit cards in most aspects, except for the fact that one needs to deposit security to qualify for the credit limit.

Individuals with a credit history can choose this card if they have the appropriate security deposit, which will essentially guarantee them a credit card.

Applying for a credit card without any history can be a tedious and long-drawn-out affair but one has to remember that applying with any bank is not a smart thing.

Rejection is a part of this process and in case of rejection, one should be smart enough to choose the optional cards mentioned above.

Either of these cards accepted is sufficiently good to get a credit history, which makes it easier to get better credit options in the future.

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