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No Credit Credit
Cards | Top Companies: This Week's Reviews |
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| Services Offered:
No credit credit cards |
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| Company Overview:
Abacus Credit started in 1998. They only offer email
contact, because they like having everything documented.
Most of their loans close in less than 30 days, and they
generally have approval decisions within 24 to 40 hours.
The company helps more than 50,000 consumers with bad
credit and no credit every year. |
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| Our Review:
Abacus Credit is one of our favorite companies. They
have great customer service, a great website, and great
credit products for consumers that aren’t the typical
perfect or excellent credit customers. Their services
are fast and easy, and you really won’t find a better
provider of no credit credit cards. |
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| User Review:
I was exasperated with filling out endless credit
applications just to be denied because I didn’t have any
credit history. However, I found Abacus Credit, and they
offered me a great deal on no credit credit cards. I was
able to start using my card just about a week later when
it arrived, and now I’m well on my way to having a great
credit history. |
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| Services Offered:
No credit credit cards |
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| Company Overview:
Credit Axis was founded to provide lending solutions to
those customers who couldn’t find what they needed with
traditional banks and lenders. Since 2003, they have
been working with millions of customers who needed
credit. Their network includes more than 80 lenders and
creditors, and they offer credit cards and loans of all
types. |
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| Our Review:
Credit Axis is one of our favorite lenders for those
with bad credit and no credit. They have so many
solutions for all situations, and their customer service
is outstanding. The website is really easy to use, and
offers other resources for credit consumers, as well. |
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| User Review:
Credit Axis helped me find a bunch of no credit credit
cards that I was able to consider when I needed one. I
didn’t think I’d ever find approval, because everyone
kept denying me. However, I only had to fill out two
applications with the companies that Credit Axis gave
me, and I got a card in no time. The best part is that
it doesn’t even have any fees. |
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| Services Offered:
No credit credit cards |
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| Company Overview:
First Plus Platinum works directly with consumers who
have no credit or bad credit. They help thousands of
customers every year, and often help consumers that
can’t get approved anywhere else. The company operates
online only, but they have a phone contact for their
customers and card holders. They have been in business
since 2007. |
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| Our Review:
First Plus Platinum is a great company. Their credit
cards are great for those with no credit or bad credit.
The website is really easy to use, and offers great
descriptions of every card that they offer. Customer
service is easy to access, and very professional. |
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| User Review:
First Plus Platinum gave me a chance when no one else
would. They have so many cards to choose from, and they
didn’t care that I had no credit history. I didn’t think
that my sister, with a bankruptcy and collection
accounts on her record, would be able to get a card
faster than me, but she did. Fortunately, she got her
card from this site, and then told me about it, so that
I could get one, too. |
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| Services Offered:
No credit credit cards |
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| Company Overview:
Bank of Internet is an online-only company that was
established in 1999. Like any bank, they are FDIC
insured, which can offer safety to customers who are
leery. They have better rates on no credit credit cards
and other products because they operate strictly online,
lowering their operating costs. They have over $1
billion in assets, and serve customers all over the
world. |
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| Our Review:
Bank of Internet is one of our favorite lenders. They
offer a small selection of no credit credit cards for
consumers who are just getting started in the credit
world. Their website is really simple to use, and their
reputation basically sells itself. Plus, customer
service is ready and waiting, 24 hours a day. |
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| User Review:
Bank of Internet gave me a credit card with a really low
interest rate and a high credit limit even though I had
no credit. I was turned down by two other banks, and a
third bank tried to talk me into a $500 credit line with
25% interest and an annual fee of $99. I said forget it,
and gave up on getting a card, until I found Bank of
Internet. Now, I’m on my way to building a solid credit
reputation for myself. |
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Other Top Companies for
No Credit Credit Cards : |
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The Secret Lives of No Credit Credit Cards: |
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No credit
credit cards are a great option for people who can’t get
other credit cards. Aren’t they? Sometimes, yes, and
sometimes they are not. It all depends on the specific
card and the situation of the individual applying for
the card. In many instances, it can be very beneficial
for someone who needs to rebuild their credit to get a
no credit credit card. However, the cards sometimes have
more strings than benefits, which make them a bad
investment for anyone. For example, many cards are
secured, which means that they have fees and deposits
that customers have to pay as a part of the agreement.
These can often be ½ to ¾ of the total credit line,
which can create a lot of problems for people who
thought that they were getting a credit card that they
could use. After all, since the limit on no credit
credit cards are usually low, what good is a $500 limit
when you can only actually use $150 or $200 of it after
the fees have been applied? It just doesn’t make sense
sometimes. Ironically enough, people with no credit have
a harder time getting credit cards than those who have
bad credit. Why? Because people with bad credit have
credit history, which proves they are a lower risk
because they have used credit before. People with no
credit have no credit history, which makes them a higher
risk to credit card companies. This might seem like an
odd concept, but it’s just how things work in the credit
industry. If you are applying for no credit credit
cards, you should take the time to make sure that you
check out every offer, make sure that it’s legitimate,
and that there are no fees. There are many cards out
there for first time credit users that don’t have
extensive fees or high interest rates, as long as you
invest the effort to find them. Keep these tips in mind,
and you’ll have a better experience with no credit
credit cards in the long run.
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