Credit Card Questions & Answers

Selected cards: 0
Compare
Advertising Disclosure

I want to build credit, what do I do if I have no credit?

Answered on January 19, 2016

You can start building your credit using a secured credit card. Since you have no credit it can be difficult to get approved for an unsecured credit card because credit card issuers tend to turn down credit card applications simply because an applicant doesn’t have enough credit history. However, when you apply for a secured credit card, you pay a security deposit which is basically a cash collateral. The deposit cannot be used and it will stay untouched until the credit account is closed. Secured cards work like unsecured credit cards and they are reported to the major credit bureaus as well, which is the most important part of building a credit history. To build good credit, use your card, make all monthly payments on time and stay within credit limits.

looking for a Credit CARD:
Credit One Bank®: Credit One Bank® Platinum Credit Card with Rewards
Apply Online
Receive 1% cash back on eligible purchases, terms apply
Mid America Bank & Trust Company: Milestone® MasterCard® with Free Choice of Card Image
Apply Online
Applying is quick and easy with our fast decision process
Horizon Card Services: Horizon Gold Credit Card
Apply Online
Guaranteed $500 Unsecured Credit Limit
Credit One Bank®: Credit One Bank® Platinum Visa®
Apply Online
See if you Pre-Qualify without harming your credit score

Other Questions And Answers

Have a question about cards? Ask Expert!
William Colon, free credit advice William Colon, money expert. Free credit card advice online.

Read Also Related News

13Apr

If you’re planning a trip in the near future, you might want to look for a flight on Southwest Airlines and try to book a reservation at a Marriott Courtyard hotel.

The two companies...

30Mar

If you’d like to donate more money to good causes, but you never seem to get around to setting up the donations, a new app will make it easier to be generous.

The app, called...

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • 0 Selected Cards Compare