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A List of Credit Cards for People with Insufficient Credit History

by Violet WillettMarch 22, 2021
A List of Credit Cards for People with Insufficient Credit History

For people with limited or insufficient credit history, it can be rather tricky to be approved for a credit card. However, a survey conducted by YouGov found that over half of Americans have been rejected for a credit card or loan, due to poor credit. 

To start building a better credit score and earning rewards, this list of credit cards are great options for those looking for a streamlined application process. This way, it can be much easier to track your spending, pay fewer fees, and save on interest costs. 

1. Petal 2 "Cash Back, No Fees" Visa Credit Card

The Petal 2 Cash Back, No Fees" Credit Card from Visa is one of the best options for those who want to avoid annual fees, foreign transaction fees, and late charges in the event of delayed bill payments.

It also offers 1% cash back on eligible purchases right away and 2% to 10% cashback from select merchants. Their intuitive mobile app also makes it easy for users to create a budget, manage their funds, and track their spending. In addition, you can check whether you’re qualified for pre-approval within minutes without impacting your credit score. 

2. Wells Fargo Cash Back College Card

With an introductory 0% APR offer on all your purchases, the Wells Fargo Cash Back College Card is a great choice for students in search of no annual fees and decent rewards on most purchases.  

However, you need to have a prior account with Wells Fargo to apply for approval. It’s also an unsecured card, which means that you need a deposit to back up your credit line. They also charge foreign transaction fees if you need to use your card abroad. 

3. Secured Mastercard from Capital One

One of the major benefits of the Secured Mastercard from Capital One is that you can be automatically be considered for a higher credit limit in the first six months. In addition, you can also potentially qualify for a higher credit line than your initial deposit. 

With an annual fee of $0 and low deposit requirements, it’s a great option for those in search of a secured card. However, your monthly income must exceed your rent or mortgage payment by at least $425 in order to qualify for it. 

4. Jasper Mastercard

For those who have recently moved to the United States and lack a credit history and/or a Social Security number, the Jasper Mastercard is a fantastic choice. Your approval depends on factors including your online presence, whether you have a job from an employer, and your total debt-to-income ratio.

While this card earns rewards, there might be a long wait before you get approved or disapproved. 

Once you manage to open your own credit card, paying your bill on time in full can help improve your credit score in the long run. Keep in mind that patience and healthy spending habits can help you stay on track in the years to come. 
For more information on other credit cards that might better suit your needs feel free to read our other articles. If you need further assistance, contact us at todayAnyCredit for credit card application tips and more!

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