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Best Credit Cards With No Credit Check
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Best Credit Cards With No Credit Check
Some credit cards, particularly ones from companies that are newer, offer no credit check and no charges. This is a perfect combination for people with bad credit. Here are our top picks.
by Melissa Lambarena Lead Writer | Credit cards and the debt Melissa Lambarena is a lead writer on the credit cards group at NerdWallet. She has been a passionate writer covering credit card related topics for more than six years. Her previous work experience includes nine years of experience as the creator of content for numerous websites and publications. In her writing, she strives to assist readers in extracting value from credit cards to meet financial goals like expanding their budgets, building credit, travelling to dream destinations and repaying debt. She focuses on these subjects as well as others in the Millennial Money column featured in The Associated Press. Her work has also appeared on The New York Times, Chicago Tribune, The Washington Post, USA Today and Yahoo Finance, among others. Melissa has a bachelor's diploma of sociology, earned from The University of California, Los Angeles.
Updated Mar 31st 2023 at 2:11PM PDT
Written by Kenley Young, Assigning Editor Credit cards, credit scores Kenley Young is the director of daily credit card coverage for NerdWallet. Previously, he was an editor on the homepage as well as a digital content producer for Fox Sports, and before being a front-page editor at Yahoo. He has a wealth of experience in both digital and print media, including stints as a copy desk chief as well as a wire editor, and a metro editor at the McClatchy Newspaper chain.
The majority or all of the products featured here are provided by our partners who pay us. This impacts the types of products we write about and the location and manner in which the product is featured on a page. However, this doesn't influence our evaluations. Our opinions are entirely our own. Here's a list of and .
Credit cards that boast "no credit check" can be appealing to people with bad credit (FICO scores of 629 or less), since they won't have a negative impact on your credit scores. However, they often have higher fees and high interest rates which is why they are called "no credit check"
They could let you avoid that on your credit score, however you'll have to pay for it in the end.
But some credit card companies -- particularly young startups in the industry are advertising no credit check and no fees of any kind. Many of these so-called have proprietary underwriting technology that can evaluate creditworthiness by looking at other factors, like your bank account, instead of credit and traditional histories.
In short, if you have poor credit, feesharvester cards or traditional are no longer the only options. Here are a few low- and no-fee cards that don't require a credit check.
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Best credit cards that have no credit check
The NerdWallet ratings are based on the work of our editorial team. The scoring formula takes into account the type of card being reviewed (such like cash back, travel or balance transfer) and the card's rates in addition to fees, rewards, rewards and other features.
on Chime's website
Chime Credit Builder Visa(r) Credit Card
Our choice for Chime users
CARD DETAILS
Credit check: None.
Security deposit: No upfront security deposit is required. You decide your credit limit depending on the amount you deposit into secure account.
Fees: None.
APR: None.
WHY WE LIKE IT
For those with poor credit score or have no credit, the removes many of the limitations of the traditional credit card with secured features. A -- a cost-free bank account that allows you to receive direct deposits -must be obtained to obtain the card. You'll also need at least $200 in direct deposits into the Chime Spending Account within the past 365 days to show that you've got a source of income.
However, this card doesn't require an upfront security fee like most secure credit cards require. Therefore, you're not paying $200 that is wrapped and inaccessible for an unknown length of time.
You can also decide how much you spend. The amount of money that you transfer between your Chime Spending Account to the Credit Builder secured account determines the credit limit. For instance, if you transfer for example, $25, to your secured account then you'll be able use the card to spend the $25. The money in the secured account can also be used to pay the balance. These payments can be used to build credit. For instance, if you bought a gas card for $15 using your secured credit card, you'll be able to transfer the $25 that you transferred into your secured account to pay the $15. Your transactions are reported to the following companies : TransUnion, Equifax and Experian. These companies collect the information used to calculate your credit scores
DRAWBACKS
The Chime Credit Builder Visa(r) Credit Card requires a Chime Spending Account to qualify. It's free to sign up, however it will require some effort beyond what the card's application. If you'd prefer the option to carry a balance from month to one month, this card does not permit it. There is no upgrade path or upgrade path.
Nerdy Tip
On July 6, 2021, the nonprofit news organization ProPublica announced that Chime customers had their accounts closed without notice, thereby leaving the customers without access to their funds. In ProPublica's report, Chime stated that a number of account closures were due to fraud, but it acknowledged that a number of the closures were mistaken. If your account is shut down by Chime or other neobanks without notification, there is a way to be a possibility of resolving the issue. Act quickly by contacting the neobank directly to discuss the situation. And if you aren't helped by the neobank and you are not able to resolve the issue, you can file a complaint with the Consumer Financial Protection Bureau.
Check out the other songs from Chime
Chime states:
Chime Credit Builder Visa(r) Card Chime Credit Builder Visa(r) Card is issued by Stride Bank, N.A. and is a member of the FDIC, pursuant to the license of Visa U.S.A. Inc. and may be used everywhere Visa credit card are accepted.
In order to be eligible for Credit Builder, you must have received a single qualifying direct deposit of at least $200 in your bank's Checking Account. The qualifying direct deposit must originate from your payroll provider, your employer, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit or an Original credit Transaction (OCT). Bank ACH transfer, pay Anyone transfers, verification or trial deposits from financial institutions peer-to-peer transfers via platforms like PayPal, Cash App, or Venmo, mobile checks, cash loads or deposits as one-time direct deposits like tax refunds and the like, as well as any other deposit that Chime determines is not a qualifying direct deposit are not considered to be qualifying direct deposits.
The money you deposit in Credit Builder will be held in a secure account in order to secure the Credit Builder Visa card, which means you can spend up to the amount you want on your card. It is money that you can use to pay your balance when you finish each month.
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Varo Cred Secured Credit Card
Image courtesy of Varo
Our pick for: Varo users
CARD DETAILS
Credit check Check for credit: None.
Secure deposit: choose your credit limit on how much you deposit into a secure account.
Fees: None.
APR: None.
What makes us like it?
The Varo Believe Secured Credit Card You can choose your individual credit limit. The amount you deposit into the Varo Believe secured account becomes your credit limit (although there is a $2,500-per-day spending cap). The card's report is to all three credit reporting agencies, however, it does not charge charges or interest since it doesn't allow you to carry an unpaid balance. Since you are only able to use the funds you deposit in the secured account, taking on debt is impossible.
DRAWBACKS
To be eligible, you'll need a Varo bank account that has received direct deposits of at least $500 in the last 90 days. The card does not offer continuous rewards for broad categories of spending like some security credit card do, but you can earn cash back when using the card to shop with select retailers by using Varo's online coupons. (There's an upper limit of $50 for the amount of cash back you earn per month.) It also doesn't provide the option of upgrading to an unsecured credit card after you've worked your way to better credit.
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Find the best card for your credit
Check your score anytime You can check your score at any time, and NerdWallet will let you know which credit cards have the most sense.
Nerdy Tip
First Progress also offers that do not require a credit check However, you'll need deposit a minimum amount of $200 in advance for the deposit. Secured credit cards also have lower costs and flexible requirements for deposits that help you build credit.
NerdWallet's ratings are determined by our team of editors. The scoring formula takes into account the nature of the card being evaluated (such such as cashback, travel or balance transfer) and also the card's rates as well as fees, rewards, and other features.
Grow Credit Mastercard
Our choice for subscriptions
CARD DETAILS
A credit check is conducted by the company will only conduct a credit check, which will not affect your credit score.
Security deposit: No for the majority membership plans.
Fees: None with the free membership tier. (Other tiers will cost you.)
APR: None.
Why We Like It
The card is a virtual one that is issued through Sutton Bank that is friendly to those with poor credit or none at all. Grow Credit has proprietary technology that analyzes income to assess the creditworthiness of a person. To assess the data, the company needs the user to connect an existing bank account through .
The card lets you select one of the four membership plans that help you build credit as you pay for eligible monthly bills or subscriptions. For instance, if you normally pay $9.99 a month for Netflix and other streaming services, you could pay that amount using this Grow Credit Mastercard . The payments, if made on time and in full are credited to your credit. (Qualifying payments and subscriptions vary depending on the membership plan.) Grow Credit Mastercard Grow Credit Mastercard reports payments to all of the three credit agencies.
DRAWBACKS
You can't use the card for any transactions other than the qualifying bills and subscriptions. Also, you can't carry the balance between months.
There are two membership options that cost money -the Grow membership level (annual cost of $50) and the Accelerate membership tier (nearly $100 per year) -- are not worth the price. That's money you won't get back. You're better off with Grow Credit's free membership plan or secure membership plans. Also, it's worth looking into a which gives you the chance to get your money returned.
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The NerdWallet ratings are based on the work of the editorial staff. The scoring algorithm takes into consideration the nature of the card being evaluated (such such as the cash-back, travel or balance transfer) and also the card's rates in addition to fees, rewards, and other benefits.
on Capital Bank's website
OpenSky(r) Secured Visa(r) Credit Card
Our choice for those who do not have bank accounts
CARD DETAILS
Credit check Credit check: None.
Deposit for security: A 200 minimum amount of deposit must be made.
Costs A Annual fee of $35. Based on the transactions you make and the amount of money you pay, additional charges might apply.
APR: The current APR is 21.89 percent. It is a variable APR .
What makes us like it?
The is a standard secured credit card, which is perfect for people with bad credit. Among secured credit cards, it's among the few which allow you to apply without the need for a credit report and bank account. It makes payments available to the three credit bureaus and lets you carry a balance on an ongoing basis. With a good payment history, you may also potentially qualify to receive a credit limit boost as well as an upgrade from the Open Sky Gold Unsecured credit card within six months.
DRAWBACKS
The card's minimum $200 deposit requirement could be a problem for certain. While the annual $35 cost is on the lower price, you can get secure credit cards which don't charge the annual cost.
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Cred.ai Credit Card
Image is courtesy of Cred.ai
Our pick for: Spending guardrails
CARD DETAILS
Credit check Check for credit: None.
The security deposit is not required, however an associated Cred.ai bank account usually required.
Fees: No when you're covered under the "Cred.ai Guaranty."
APR The variable rate is 17.76 percent (as of this writing).
Why We Like It
The , also known as the Unicorn Card, assigns a spending limit dependent on the balance in your linked Cred.ai savings account. If you make purchases using the card, money is put aside in the deposit account so they will be able to pay for the purchase when it is due. This way, you avoid penalties for late payments or interest.
The card also provides many features like virtual card numbers for safe purchases with limited authorization windows as well as credit utilization guardrails that simplify the process of managing finances. Transactions are reported to all three major credit bureaus.
DRAWBACKS
It is a Cred.ai credit card is difficult to understand because it's not a traditional credit card. The advertising copy that explains the unique features could add to the confusion. Unpacking how this card works can be especially overwhelming for someone who is new to credit, but it may still be worth the effort for those looking for a card that reins in spending. There are no rewards on this card and there's no option to upgrade to a higher-quality product from Cred.ai.
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GO2bank Secured Credit Card
Our choice for a low security deposit
CARD DETAILS
Credit check Credit check: None.
A security deposit is required. A minimal deposit of $100 is needed.
Costs A $0 annual fee. Based on your transactions and transactions, other fees could be imposed.
APR: The current APR is 22.99 percent (as at the time of writing).
WHY WE LIKE IT
Its GO2bank Secured Credit Card can be an excellent choice for those with bad credit. To apply, you'll need at least a GO2bank bank account and direct deposits that total at least $100 within the last 30 days. There won't be a credit check to apply. This GO2bank Secured Credit Card has the lowest minimum security deposit requirement among secured credit cards: $100. The amount deposited determines the credit limit.
As with a regular credit card. However, the lower the limit on credit is, the less you'll need to spend on the card. can help your credit score. Credit score can be improved with the GO2bank Secured Credit Card reports your payments to all three credit bureaus. This helps you build credit.
DRAWBACKS
Apart from the mandatory security deposit and the security deposit requirement, this GO2bank Secured Credit Card additionally requires that you have an GO2bank account to qualify, which adds an extra step in the application process. It doesn't offer a path for upgrading to an unsecured credit card after you've built an excellent payment record, so you'll have to close your account in case you'd like to claim the security deposit back. The card is also charged an 3.3% foreign transaction charge per transaction, which means it's not the best choice for travel to other countries.
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(Card image courtesy of GO2bank)
Self Visa Credit Card
Image taken by self. Image courtesy of Self
Our recommendation The best credit-building features
CARD DETAILS
Credit check: None.
Security deposit: No upfront security deposit is required. The credit limit you set is by the amount you move to the Credit Builder account.
Fees: A Annual fee of $25. Depending on your transactions and payments, other fees could be imposed.
APR: Vary based on several factors, including the amount you choose to pay per month.
Why We Like It
In order to be eligible required credit card, you'll need an Credit Builder Account that is a tiny installment loan that's held in an account that is a certificate of deposit. This can be a boon for your credit scores when you are able to make timely payments. It is important to note that the Self Visa Credit Card and the Credit Builder Account are both reported to the of the three credit bureausthe former being a credit line that is revolving and the latter as an installment loan.
To start, you'll open the Credit Builder Account where you'll contribute monthly installments that start from $25 per calendar month contingent on the loan term. When you've contributed $100 and met other requirements then you'll be able to utilize that money to cover an additional security deposit to secure this Self Visa Credit Card. This is a great option if your budget would benefit from making a security deposit in smaller amounts over time. The money will eventually be back once you have closed the account and it's in good standing.
DRAWBACKS
A $100 security deposit is significantly less than is required by traditional credit cards that are secured However, in the long run it is likely that the loan and card combined would be more expensive. Unlike many secured credit cards that are available, this Self Visa Credit Card charges an annual fee. Additionally, there's a one-time administrative fee of $9 for opening the Credit Builder Account.
And again, you can't receive the credit card in a matter of minutes. It's necessary to overcome a few obstacles first, such as having a savings of at least $100 within the Credit Builder Account, making the last three monthly payments in full, and having an account that's in good standing.
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The author's bio: Melissa Lambarena is a credit card writer at NerdWallet. Her work has been featured in The Associated Press, New York Times, Washington Post and USA Today.
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