How you can Obtain a Credit Card Without any Credit rating
Money which may be used to buy anything we would like, yet which we don’t hold, feel and count within our hands. Money which can both save our lives and destroy it. Money is a necessity and our whole life revolves around it, from the comfort of working out method of earning it to how to spend it and our efforts to save it for a much better future.
The modern idea of money doesn’t involve its physical presence, but alternatively presents itself in the form of a card, a magical card which can instantly make wishes come true. The Credit Card has revolutionised money, transcending physical boundaries and opening multiple new avenues. You will find cases when the only real item we need is our credit card and the outlook of carrying money has changed drastically.
Who are the people without credit history?
Credit History is related to everyone who has used a bank card for almost any purchase. The people without credit history are mostly students and new immigrants in a country, who have never applied for loans. In case of card applications, an individual with bad credit history includes a better chance of getting a bank card when compared to a person without the credit history. 소액 현금화 You will find however avenues to get a bank card without credit history.
Individuals who wish to utilize for charge cards without the history can choose from a few of the options below, which can significantly improve their chances of getting that elusive cards.
Student Card – Most major banks and financial institutions offer exclusive student cards targeted towards the student community. These cards don’t require an applicant to have previous credit history and could be obtained if the in-patient meets certain criteria. Having employment can make it easier to get the card approved and banks prefer to hand out this card to those individuals who have a supply of income.
Pre-qualification Test- Certain banks allow individuals without credit history to have a pre-qualification test online. This test lets them know if they can obtain a card approved and why the card was denied, when it is rejected. This information may help one prepare better the next time they apply for a card.
Store Credit Card – Certain nations have the idea of store charge cards, which are easier to get and do not need any credit history. These cards have low credit limit and high interest rates and generally have cards which are not Visa or MasterCard approved.
Prepaid Cards – Individuals without credit history but with disposable income accessible can apply for prepaid cards. These cards are as effective as normal charge cards however the credit ceiling is limited to the prepaid amount. There’s no anxiety about exceeding credit limits or late fees with your cards.
Co-signed cards – Banks offer co-signed cards for those who have no credit history. These cards require someone with decent credit to co-sign for you personally, making use of their financial backing increasing your potential for approval. Co-signed cards can be a smart move when you yourself have an individual who trusts you and is ready to sign on your behalf, though additionally they allow your financial transactions to be considered by the co-signee.
Secured Credit Card – Secured cards are similar to normalcy charge cards generally in most aspects, except the fact that one needs to produce a security deposit in order to be entitled to a credit limit. Individuals without credit history can choose this card if they’ve suitable security deposits together, that’ll essentially guarantee them the credit card.
Applying for charge cards without the history can be a tedious and long drawn affair but one has to consider that applying with any and all banks is not a smart thing to do. Rejection is an integral part of this method and one has to be smart enough to choose the alternative cards mentioned previously in case of rejection. Getting these cards approved is probable sufficient to get an individual a credit history, which makes it easier for them to improve credit options in the future.