Thanks to the advent of credit cards, the average American can now afford to purchase whatever they want at the moment, to pay back later. However, such privileges are only enjoyed when you qualify for a credit card. Now the question is, what if you don’t? What if you just got to the age of 18 and you feel like you should start being in control of your finances?
Well, the sad reality is that with no credit, it is not easy to find a credit card you can be approved for. And that’s why today, after carrying out an in-depth research on credit cards that are available to people of age 18, without any credit history, we’ve been able to come up with some of such cards. Here’s our list of the best credit cards for people with no credit history
Quicksilver card (cashback card capital)
With the Quicksilver card, otherwise known as platinum card, you can get up to 1.5% cashback on your purchases
Barclay rewards card (best rewards card)
With its double rewards on gas utility groceries and no annual fee, if you are a student who is just 18 years of age or above, you have a good chance here.
Discover It, Credit Card
This is the best, and we’ll know the Credit Card for students with no credit. The Discover Credit Card is there to help young Americans, who don’t have a credit history of building one from them, while they keep transacting. They offer five percent cash back on rotating quarterly categories.
As a student or young personality who has just crossed the landmark of 18, you do not only need a credit card that will help you build a credit history, but those with additional benefits like the two percent cashback often made by Chrome Card
Store Credit Card
Another option is to apply for a store credit card, which over the years have proven to be more friendly to people with little to no credit history. However, to avoid using the card only in the store, make sure that the card has Visa Mastercard or Amex logo on it. In essence, choose a card that fits your spending needs, whether it’s Target Macy’s or gap.
A secured card is probably the last option to consider because unlike other tickets; you need to make a financial deposit, through which the credit card you’ll be issued is going to be measured upon. For instance, if you make a deposit of $1000, the credit card that will be issued to you will also have a limit of about $1000, and if you ask me, that’s not economical for someone who is probably never Financially Drabble, and looking for ways to build his/her credit.
So, in case you thought that having no credit history will take you far off your dream of owning a credit card, you might want to try any of the above cards first, before arriving at a conclusion. If all turns out to be futile, then you will be left with no other option than to get a secured card.