No Credit Credit Cards

It is very difficult to get a credit card if you have no credit or bad credit.  You want to start your credit repair but how? It leaves you with three choices to start to rebuild: 1-get a secured credit card or 2-find a no credit check offer for credit cards 3-Find a credit card for bad credit–if your score is at least 560.

Their are good and bad points to all of these choices and I will go over them and then give you some suggestions for each type of card.

A-Secured Credit Card-This can be a very good option.  If you have no credit or very bad credit, this is a very good option. You can read more in detail about secured credit cards here but a brief overview is that you will put up a deposit as collateral equal to the credit line you want.  If you want a 1000 secured credit card, you will need to put up a deposit of $1000.  Generally the minimum is $300.  After 1 yr, the card issuer will generally review your account and if you have paid it on time, they will convert it to unsecured, raise your limit and send you back your deposit. Below are 3 choices that do not charge you annual fees.

The choices that I have listed below do not charge you an annual fee to the best of my knowledge. You may want to confirm when you fill out the application. I also believe all of these have 0% interest. Some for life and others for 6 months. Either way, it is an excellent choice. Capital One, Orchard, First Premier all have crazy fees and there are too many choices to need to fall for those fees.

B-No Credit Check Credit Cards-This is an excellent option although they are very hard to find.  This is when a business will offer you a line of credit without checking your credit report. You have to meet a minimal criteria and usually you have to put 25% down and the rest will go to your credit.  You are usually required to keep an account active for at least 6 months out of the year and your credit limit will increase as you make a series of payments.  It is also possible to sometimes pay a larger payment for 3 or 6 months and have your credit limit increased sooner and convert your account to a ‘no down account’.  This is an excellent choice for people who do not have the money to put into a secured credit card or those who have money to get one secured credit card going but want this option to establish a second credit line.

I know of two companies who do this.  One is established and the other one is still getting everything set up.  I was given a copy of their credit program to evaluate it but again, they are not open yet. When they do, I will update their information.

Crown Jewelers is an online jewelry store based out of Dallas Tx.

Crown Jewelers “No Credit Check” Credit Card

Crown Jewelers, will give you the credit you need to start to rebuild your credit or establish your credit.  This is not a secured credit card nor a prepaid credit card.  This is a true credit card that is used at their store.  It is not a Visa or Mastercard.  It is a private label credit account.  You will be given an immediate credit approval.  They report to all 3 credit bureaus and the best part if they give you a higher credit limit to start out with.  This is very important. can obtain the credit you need.  With on time payments, you can possibly be a zero down account in as little as 6 months!