How can I establish credit without using a prepaid or secured card? I want just a regular credit card. I have some credit..but it is very limited. I want a card with a small credit limit just to get started.

Answered on August 04, 2010
Updated on August 04, 2010
The content is accurate at the time of publication and is subject to change.
James Williams James Williams
If you have limited or no credit history, and wish to establish credit, there are credit cards you can apply for without paying cash deposit. But keep in mind these credit cards may have setup or activation fees up to $95 though sometimes they can be paid over time. And be aware that interest rates might be higher than those of secured cards, as there is no security deposit as a guarantee. Credit cards for limited or no credit history may help establish your credit if you regularly make payments on time to all of your creditors and keep balances below credit limits. With the usual initial credit limit of $300 you need to be careful and use only a portion of it. To view offers for people with limited credit, visit Limited or No Credit Cards page of our site.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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BROWSE MORE QUESTIONS ABOUT No Credit Cards:

You can choose one of the credit cards for limited credit to make your credit profile better. Or you can consider secured credit card. Some card offers have no annual fee and pretty nice rewards programs. Thus, you may save more money than spent on the security deposit.
If you do not have any credit history, you should consider credit cards for people with limited or no credit history. We recommend you consider secured credit cards. Don't worry about security deposit as it is refundable. Also, some secured cards have rewards programs that allow you to earn cash back on your purchases that may potentially cover your deposit expenses.
We can recommend you start with secured credit cards. These cards require a security deposit paid upfront. A secured credit card is a good way to build your credit history as it reports the account activity to major credit bureaus. You just need not to miss payments and pay off your balance. After that, getting approval for an unsecured card will be much easier. For example, you may consider the Merrick Bank Secured Visa® from Merrick Bank. This card can help you build credit, since your account activity will be reported to all three major credit bureaus. The amount of your deposit determines your initial credit...

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