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Best Credit Cards With No Credit Check
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Best Credit Cards with No Credit Check
Certain credit cards, especially ones from companies that are newer, offer no credit check and no fees -- an ideal combination for people who have bad credit. These are our top choices.
by Melissa Lambarena Lead Writer | Credit cards and debt Melissa Lambarena is a lead writer for the credit cards group at NerdWallet. She has enthusiastically covered credit card related topics for more than six years. Her previous experiences include nine years of experience as an author for various publications and websites. In her writing, she strives to help users extract the value of credit cards to help them achieve financial goals such as expanding their budgets, building credit, traveling to their dream destinations, and paying off debt. She explores these topics along with others in The Millennial Money column featured in The Associated Press. Her writing has also been featured on The New York Times, Chicago Tribune, The Washington Post, USA Today and Yahoo Finance, among others. Melissa has a bachelor's diploma in sociology at University of California, Los Angeles. University of California, Los Angeles.
Last updated Mar 31st, 2023 2:11PM PDT
Edited by Kenley Young Assigning Editor Credit score, credit cards Kenley Young oversees the daily credit cards coverage for NerdWallet. Prior to that, he worked as a homepage editor and digital content producer for Fox Sports, and before being a front-page editor for Yahoo. He has years of experience in both digital and print media. This includes times as the chief of the copy desk and wire editor as well as metro editor for The McClatchy Newspaper chain.
The majority or all of the products we feature are from our partners who pay us. This affects the products we review and where and how the product appears on the page. But, it doesn't affect our assessments. Our opinions are our own. Here's a list and .
Credit cards that advertise "no checks on credit" can be appealing for those with low credit scores (FICO scores that are 629 or less), since the application process won't affect your credit scores. However, they often have significant fees and high rates of interest which is why they are called "no credit check"
They might let you skip this on your credit file, but then you'll have to pay for it in the end.
But some credit card companies, particularly newer startups in the space have been advertising no credit check and no charges of any kind. A lot of these companies have proprietary underwriting technology that can determine creditworthiness based on other factors, such as your bank account, instead of traditional credit and credit history.
In short, if you're struggling with credit, fee-harvester cards and traditional ones are no longer the only choices. Here are some low-cost and no-fee options that don't require a credit check.
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Best credit cards that have no credit check
The ratings of NerdWallet are determined by our team of editors. The scoring algorithm takes into consideration the type of card being reviewed (such like cash back or balance transfer) as well as the card's rate as well as fees, rewards, and other features.
on Chime's website
Chime Credit Builder Visa(r) Credit Card
Our pick for: Chime users
CARD DETAILS
Credit check: None.
Security deposit A security deposit of no upfront is required. The credit limit you set is by the amount you move to secure account.
Fees: None.
APR: None.
Why We Like It
For those with low credit or no credit score, it eliminates many of the limitations of the traditional credit card with secured features. A -- a no-cost bank account that allows you to receive direct deposit -must be obtained to obtain the card. It is also necessary to have at least $200 worth of direct deposits made into Chime's Chime Spending Account in the last 365 days in order to prove you've earned income.
But, it doesn't require an upfront security deposit like many security credit card do, so you're not required to pay $200 that will be wrapped up and untouchable for a definite length of time.
You also have the option of deciding how much you spend. The amount you transfer from the Chime Spending Account into the Credit Builder secured account determines the amount of your credit limit. So if you move, say, $25 to your secured account then you'll be able use the card to spend the $25. The money in the secured account could also be used to pay off the balance. Those transactions will let you build credit. For example, if you spent $15 on gas using your secured card you'd be able to use the $25 you transferred into your secured account in order to pay the $15. The payments you make are reported to all : TransUnion, Equifax and Experian. They collect information that is used to calculate your credit scores
DRAWBACKS
The Chime Credit Builder Visa(r) Credit Card requires the opening of a Chime Spending Account in order to be eligible. It's easy to open one, but it does require some additional effort beyond what the card's application. If you'd like to carry an account balance from month to month, this card doesn't allow it. There is no upgrade path or upgrade path.
Nerdy Tip
On July 6, 2021, the nonprofit news agency ProPublica revealed that Chime customers had their accounts closed without notice, thereby leaving the customers without access to their funds. The ProPublica report states that Chime stated that a number of account closures were linked to fraud, however it also admitted that several of the closures had been errors. If your account has been shut down by Chime or any other neobanks with no notification, there is a way to be a possibility of resolving the issue. Act quickly by contacting the neobank and explaining the situation. And if you aren't helped by the neobank or the bank's representatives, you may complain to the Consumer Financial Protection Bureau.
See more from Chime
Chime has the following to say:
The Chime Credit Builder Visa(r) Card is issued by Stride Bank, N.A. Member FDIC under a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards can be used.
To be eligible for Credit Builder, you must have received a single qualifying direct deposit of $200 or more into your checking Account. The qualifying direct deposit has to be made by your payroll provider, employer or gig economy payer or benefits payer , either by Automated Clearing House (ACH) deposit or Original credit Transaction (OCT). Bank ACH payments, transfers from Pay Anywhere transfers as well as verification or trial deposits from financial institutions, peer-to-peer transfers via services such as PayPal, Cash App, or Venmo mobile cash loads, check deposits or deposits, one-time direct deposits, such as tax refunds and others similar to these transactions and any other deposit that Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
The money you deposit into Credit Builder will be held in a secured bank account in order to secure the Credit Builder Visa card, which means you can spend as much as you like on your card. It is money that you could use to settle your charges when you finish each month.
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Varo Believe Secured Credit Card
Image courtesy of Varo
Our pick for: Varo users
CARD DETAILS
Credit check: None.
Security deposit: You decide your credit limit based on how much you move into a secure account.
Fees: None.
APR: None.
Why We Like It
When you apply for the Varo Believe Secured Credit Card You can select your personal credit limit. The amount of money in the Varo Believe secured account becomes your credit limit (although there is a $2,500-per-day limit on spending). The card's report is to the three credit reporting agencies, but doesn't charge any charges or interest since it doesn't allow you to carry an unpaid balance. Since you're only allowed to spend the amount you deposit in the account secured, accumulating debt is impossible.
DRAWBACKS
To be eligible, you'll need to have a Varo bank account that has received direct deposits that are at least $500 in the past 90 days. The card doesn't offer ongoing rewards for broad categories of spending unlike some security credit card do, but you are able to earn cash back when you use the card to shop at select stores by using Varo's online coupons. (There's a $50 cap on the amount of cash back you can earn per month.) This card also doesn't offer an option to upgrade to an unsecured credit card once you work your way to better credit.
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Find the most suitable credit card to suit your needs.
Check your score anytime Check your score anytime, and NerdWallet will show you which credit cards make the most sense.
Nerdy Tip
First Progress also offers that doesn't require a credit report, but you'll have to pay a minimum of $200 upfront for the deposit. Other credit cards with secured features come with lower prices and flexible requirements for deposits that allow you to easily build credit.
The ratings of NerdWallet are determined by our editorial team. The scoring algorithm takes into consideration the nature of the card being evaluated (such like cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
Grow Credit Mastercard
Our choice for subscriptions
CARD DETAILS
Credit check: The company runs only a soft credit check, which won't impact your credit score.
Security deposit: None for most membership plans.
Fees: None with the free membership. (Other tiers will cost you.)
APR: None.
WHY WE LIKE IT
It is a virtual credit card issued through Sutton Bank that is friendly to those with poor credit or none at all. Grow Credit has proprietary technology which analyzes income to assess the creditworthiness of a person. To assess the data, the company needs you to link a bank account through .
With the card, you select one of four membership plans that will help you build credit as you pay for monthly subscriptions or bills. For example, if , for instance, you typically pay $9.99 per month for Netflix and other streaming services, you could make that payment with this Grow Credit Mastercard . When you make your payments punctually and on time are credited to your credit. (Qualifying charges and subscriptions differ depending on the membership plan.) Grow Credit Mastercard Grow Credit Mastercard reports payments to all 3 major credit bureaus.
DRAWBACKS
The card can't be used for anything other than credit card's qualifying charges and subscriptions. Also, you can't carry an account balance from one month to another.
The two paid plans -the Grow membership level (annual cost of 50 dollars)) as well as the Accelerate tier (nearly $100 per year) The Accelerate membership tier isn't worth the cost. 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 receive your money returned.
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The ratings of NerdWallet are determined by our team of editors. The scoring formula takes into account the type of card being reviewed (such such as the cash-back or balance transfer) and the card's rates, fees, rewards and other features.
on the Capital Bank's website
OpenSky(r) Secured Visa(r) Credit Card
Our pick for: Those who are unbanked
CARD DETAILS
Credit check: None.
Security deposit: A $200 minimum deposit is required.
Costs A 35-year annual cost. Depending on your transactions and payment, additional fees might apply.
APR: The ongoing APR is 21.89% Variable APR .
WHY WE LIKE IT
The is a standard secured credit card ideal for those with poor credit. When it comes to secured credit cards it's one of the few that allow you to qualify without the need for a credit report as well as a bank account. It tracks payments to all three credit bureaus, and let you carry an ongoing balance. If you have a solid payment history, you may be eligible to receive a credit limit boost as well as an upgrade from the Open Sky Gold Unsecured credit card in as little as six months.
DRAWBACKS
The card's minimum $200 deposit requirement could be a problem for some. And while the $35 annual fee is on the low level, it's still possible to locate secured credit cards that 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.
Deposit for security: No though an associated Cred.ai deposit account is typically required.
Fees: None when you're covered by the "Cred.ai Guaranty."
APR Variable rate of 17.76 percent (as of this writing).
What makes us like it?
The , sometimes referred to also as Unicorn Card, assigns a spending limit depending on the amount of your linked Cred.ai bank account. When you purchase items using the card, money is set aside in the deposit account so they can cover the bill at the time it's due. In this way, you can avoid late fees or interest charges.
The card also offers a variety of features including virtual card numbers for secure purchases as well as limited authorization windows and guardrails for credit utilization to make it easier to manage finances. Payment activity is recorded to all three major credit bureaus.
DRAWBACKS
Cred.ai is an unusual credit card. Cred.ai credit card can be difficult to understand because it doesn't function like a traditional credit card. The advertising copy that explains its distinctive features can create confusion. The process of understanding how this card operates is particularly difficult for a credit beginner but it might be worth the effort for those looking for a card that limits your spending. Rewards aren't available on this card, and there's no way to upgrade to a better product from Cred.ai.
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GO2bank Secured Credit Card
Our choice for a low security deposit
CARD DETAILS
Credit check: None.
Security deposit: A minimal deposit of $100 is needed.
Charges A zero annual cost. Based on the transactions you make and payment, additional charges could apply.
APR: The ongoing APR is 22.99 percent (as of this writing).
Why We Like It
The GO2bank Secured Credit Card can be a great option for those with bad credit. For eligibility, you'll have at least a GO2bank bank account and direct deposits of at least $100 within the past 30 days. There won't be any credit checks required to apply. It's a no-risk application. GO2bank Secured Credit Card has a relatively low minimal security requirement for secured credit cards that is $100. The amount deposited determines your credit limit.
Like a normal credit card, the smaller the credit limit, the less you'll want to spend using the card. can help your credit score. Credit score can be improved with the GO2bank Secured Credit Card reports your credit card transactions to three credit bureaus. This can help you build credit.
DRAWBACKS
In addition to the security deposit and the security deposit requirement, the GO2bank Secured Credit Card additionally requires the use of a GO2bank account in order to be eligible and adds an additional step to the application process. There's no way to upgrade to an unsecure credit card once you've established a good payment history, so you'll have close your account if you wish to receive your security deposit returned. The card also charges a 3percent foreign transaction fee per transaction, which means it's not ideal when traveling overseas.
>> MORE:
(Card image (courtesy of GO2bank)
Self Visa Credit Card
Image taken by self. Image courtesy of Self
Our recommendation: A mix of credit-building features
CARD DETAILS
Credit check: None.
Security deposit Security deposit: No upfront security payment is required. The credit limit you set is by the amount you move to credit on your Credit Builder account.
Costs A one-time fee of 25 dollars. Based on your transactions and payments, other fees could be imposed.
APR: varies based on a variety of aspects including the amount you select to pay monthly.
Why We Like It
To be eligible for this credit, you must have a credit Builder Account, which is a small installment loan that's held in the form of a deposit certificate. It can be beneficial for your credit score when you make on-time payments. It is important to note that the Self Visa Credit Card and the Credit Builder Account are both reported to all of the three credit bureaus -the former being a credit line that is revolving and the other is an installment loan.
To start, you'll open a Credit Builder Account in which you'll pay monthly installments, starting from $25 per calendar month based on the loan duration. Once 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 the Self Visa Credit Card. This is a great alternative if your budget could benefit from paying for a deposit in small installments over time. You'll eventually get this money back once you have closed the account and it's in good standing.
DRAWBACKS
A $100 security deposit is considerably less than the amount required by conventional credit cards with a security deposit However, in the long run, the loan and card combined would result in a higher cost. Unlike many secured credit cards that are available, Self Visa Credit Card is not a secured credit card. Self Visa Credit Card charges an annual fee. Additionally, it charges a one-time administration fee of $9 when you open a credit builder Account.
However, you won't be able to obtain the card right away. You'll have to clear some obstacles first, including having a savings of at least $100 in your Credit Builder Account and making the final three monthly payments in full and having an account that is in good standing.
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About the author: Melissa Lambarena is a credit cards writer at NerdWallet. The work she writes has been featured by The Associated Press, New York Times, Washington Post and USA Today.
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