How to Apply for a Credit Card Online With No Credit

How to Apply for a Credit Card Online With No Credit

By: Barri Segal - Posted in:
Credit card user with an empty wallet is ready to apply online for credit

Applying for a Credit Card With No Credit

Of course you need a credit card — who doesn’t in this day and age? But if you don’t have any established credit, how do you get one? Don’t worry — you definitely have options. Applying for a credit card with no credit is easier than you think.

The easiest way to get a credit card if you have no credit is to apply for a secured credit card. A secured credit card requires you to put down “collateral,” which in this case is a cash payment, typically at least $200. That cash deposit serves as your credit limit on the card. As you use the card responsibly, you build your credit.

The great thing about this card — if you have no credit — is that it doesn’t not allow you to spend more than your deposit, so you aren’t in danger of damaging your credit by overspending. That said, you still need to make on-time, monthly payments to show potential future lenders you’re a reliable borrower.

You can also get an unsecured credit card — one that does not require a “down payment” — if you don’t have any credit history. Just keep in mind your choices will be limited because a card issuer has no information on you as a borrower on which to base its decision. You still might be able to get an unsecured card, but keep in mind that you’ll likely be paying higher interest rates and fees than you would for a secured card.

Keep reading to find out how to apply for a credit card online if you have no credit history. And learn which are good bets for first-time credit cards. In addition, gather tips that will make applying for credit cards easier — and faster.

Applying for a Credit Card Online

How to Apply for a Credit Card Online With No Credit 3
Man applying to a credit card company online

These days it’s super easy to apply for a credit card online — even if you don’t have credit. Keep reading to find out how to how to apply for a credit card online. Once you identify the card you want, just go to the issuer’s website and there will likely be an “Apply Now” button you can click. Although the information you’ll be required to submit varies with each lender, there are some things you can expect to provide for credit card applications:

  • Legal name
  • Birth date
  • Address
  • Social Security number
  • Annual income

Whatever you do, don’t apply for the first offer you see. Even if you don’t have credit, you’ll find you have choices. Look for the card that best fits your financial situation — and one that charges the least amount of interest and fees. Once you get a credit card,  make sure you learn to master your credit utilization — in other words, you should never use all the credit that is available to you.

Credit Card Applications

Although it isn’t complicated to apply for a credit card online with no credit, there are certain things you should keep in mind. Use these six tips for filling out credit card applications online:

  • Know what you need before you start.
  • Take your time.
  • Be careful with the details.
  • Make sure you meet the eligibility requirements.
  • If possible, bank with the issuer who is providing the card.
  • State your actual income.

First-Time Credit Cards If You Don’t Have Credit

When you go to apply for a credit card, you might find it mind-boggling to choose one — there are so many out there it can be very confusing. The most important thing you can do is develop a solid credit education prior to applying. Getting your first credit card is important to establishing and building your credit score. To help narrow your search, consider these three first-time credit cards that are particularly geared toward those interested in applying for a credit card online with no credit.

1. CapitalOne Platinum Credit Card

You won’t get points or rewards with this card, but you will likely get approved. You also won’t pay an annual fee for the card, but you will pay a 24.99% APR — and you’ll get access to a higher credit limit after you make your first five payments on time. Visit the website to apply.

2. Discover it Secured Credit Card

With no annual fee and cash back rewards, this is among the best first-time credit cards. You’ll need to put up $200 as “collateral” and you’ll earn 2% cash back at gas stations and restaurants — up to $1,000 — in combined purchases each quarter, plus 1% on all other purchases. The APR is 24.74%, but you can avoid it if you pay off your balance each month. Bonus: Discover will match your cash back earnings you’ve accrued at the end of your first year. Visit the website to apply.

3. Total VISA Unsecured Credit Card

This card from The Bank of Missouri does not offer miles, points or cash back, and you must have a checking account to qualify. The card comes with auto rental insurance and zero fraud liability, however, and the bank reports monthly to all three major credit bureaus. You will need to pay an $89 processing fee to open your account and you’ll pay a high APR of 29.99%. In addition, you’ll pay a $75 annual fee the first year, which is reduced to $48 after that. Last, you’ll pay a servicing fee of $75 a year, but the bank will waive the fee for your first year. Visit the website to apply.

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