I have no credit but I would like a card where I don't have to put $200 deposit to start.

Answered on August 04, 2010
Updated on August 04, 2010
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
If you have limited or no credit history, and do not wish to pay a security deposit, then depending on your personal needs, you can choose to apply for a prepaid debit card or a credit card. Both credit cards for limited or no credit history and prepaid debit cards may have setup or activation fees, but they are not as high, and some of the cards either do not even charge or waive them. If you are looking for a way to build credit, view credit card offers on Limited or No Credit Cards page on our site. They may help you establish credit if you make regular on time payments to all of your creditors and keep your balances below limits. Credit cards for limited or no credit score also provide monthly credit reporting, which is important if you wish to build your credit history fast. If building credit is not as important to you as the ability to make electronic payments, then consider prepaid debit cards that require no credit check, give 100% guaranteed approval, are usually lower cost than credit cards and provide a wide selection of useful tools to help you manage your finances and not overspend.
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:

We can recommend you start with consider 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...
Starting credit history from the very beginning is always better than improving it and credit card issuers are not too captious.Look into credit cards for those with limited/no credit history: these cards are created for newbies. The cards have quite high APRs and fees. However it is possible to find a card with 0 intro APRs or without annual fee. Also some cards offer bonus programs: you can earn points or cash back on purchases you make.If your son wants a bonus credit card, Chase Freedom® Student credit card is not the best option as it has no bonus. The only you get is $20 Good Standing...
Sadly, we don't have any information about credit history required to be eligible for AARP credit card. I wouldn't recommend applying for this card if your credit score is in the fair range. There are many other credit cards that are created to help people raise their credit score. If your credit score is not where it needs to be, you can apply for one of these cards for fair credit and use it to bring your credit score back to a place where you want it to be.

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