Money which may be used to buy anything we want, yet which we do not hold, feel and count inside our hands. Money that may both save our lives and destroy it. Money is a necessity and our entire life revolves around it, from the comfort of finding out means of earning it to how to spend it and our efforts to truly save it for a better future.
The current notion of money doesn’t involve its physical presence, but instead occurs in the shape of a card, a mysterious card that may instantly make wishes come true. The Credit Card has revolutionised money, transcending physical boundaries and opening multiple new avenues. You can find cases when the only real item we want is our charge card and the chance of carrying money has changed drastically.
Who are the people without any credit history?
Credit History is related to everyone who has used a bank card for almost any purchase. The people without any credit history are generally students and new immigrants in a country, who have never taken out loans. In case of card applications, someone with bad credit history has a better chance of having a bank card when compared to a person without any credit history. You can find however avenues to have a bank card without any credit history.
Individuals who wish to utilize for bank cards without any history can choose from a number of the options below, that may significantly boost their chances of having that elusive cards.
Student Card – Most major banks and financial institutions offer exclusive student cards targeted towards the student community. These cards do not require an applicant to possess previous credit history and can be obtained if the patient meets certain criteria. Having a job may make it easier to have the card approved and banks prefer to hand out this card to those people who have a supply of income.
Pre-qualification Test- Certain banks allow individuals without any credit history to take a pre-qualification test online. This test lets them know if they are able to get yourself a card approved and the reasons why the card was denied, if it is rejected. These details may help one prepare better the very next time they apply for a card.
Store Credit Card – Certain nations have the idea of store bank cards, which are easier to have and do not require any credit history. These cards have low credit limit and high interest rates and generally have cards that aren’t Visa or MasterCard approved.
Prepaid Cards – Individuals without any credit history but with disposable income available can apply for prepaid cards. These cards are as effective as normal bank cards but the credit ceiling is limited by the prepaid amount. 상품권 현금화 There’s no concern with exceeding credit limits or late fees with one of these 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, making use of their financial backing increasing your chance of approval. Co-signed cards could be a smart move when you have an individual who trusts you and is prepared to sign up your behalf, though they also allow your financial transactions to be viewed by the co-signee.
Secured Credit Card – Secured cards are similar to normal bank cards generally in most aspects, except the fact one needs to create a security deposit in order to be qualified to receive a credit limit. Individuals without credit history can choose this card if they’ve suitable security deposits together, that may essentially guarantee them the credit card.
Applying for bank cards without any history could be a tedious and long drawn affair but one has to keep in mind that applying with any and all banks is not really a smart thing to do. Rejection is an integral part of this method and one has to be smart enough to find the alternative cards mentioned previously in the event of rejection. Getting any of these cards approved is probable good enough to have someone a credit history, which makes it easier for them to improve credit options in the future.