Money which is often used to purchase anything we would like, yet which we don’t hold, feel and count within our hands. Money which could both save our lives and destroy it. Money is essential and our whole life revolves around it, from the comfort of determining way of earning it to how to invest it and our efforts to save lots of it for an improved future.
The current concept of money doesn’t involve its physical presence, but alternatively occurs in the form of a card, a marvelous card which could instantly make wishes come true. The Credit Card has revolutionised money, transcending physical boundaries and setting up multiple new avenues. You will find cases when the sole item we need is our charge card and the outlook of carrying money has changed drastically.
That are the folks without any credit history?
Credit History is associated with everyone who has used a charge card for any purchase. The people without any credit history are mostly students and new immigrants in a nation, who’ve never taken out loans. In case of card applications, an individual with bad credit history features a better chance of getting a charge card than the usual person without the credit history. 정보이용료 현금화 You will find however avenues to get a charge card without any credit history.
Folks who wish to utilize for bank cards without the history can decide from a few of the options below, which could significantly boost 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 can be obtained if the individual meets certain criteria. Having work will make it easier to get the card approved and banks prefer to hand out this card to those individuals who have a way to obtain income.
Pre-qualification Test- Certain banks allow individuals without any credit history to have a pre-qualification test online. This test lets them know if they can obtain a card approved and the reasons why the card was denied, if it’s rejected. These records could help one prepare better the very next time they apply for a card.
Store Credit Card – Certain nations have the thought of store bank cards, which are easier to get and do not want 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 just like normal bank cards but the credit ceiling is limited to the prepaid amount. There is no fear of exceeding credit limits or late fees with one of these cards.
Co-signed cards – Banks offer co-signed cards for people with no credit history. These cards require someone with decent credit to co-sign for you personally, with their financial backing increasing your chance of approval. Co-signed cards could be a smart move if you have a person who trusts you and is willing to to remain your behalf, though in addition they allow your financial transactions to be viewed by the co-signee.
Secured Credit Card – Secured cards are similar on track bank cards in most aspects, except the fact one needs to create a security deposit to be able to be qualified to receive a credit limit. Individuals without credit history can decide this card if they’ve suitable security deposits using them, that may essentially guarantee them the credit card.
Applying for bank cards without the history could 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 technique and one has to be smart enough to find the alternative cards mentioned previously in the event of rejection. Getting these cards approved is likely adequate to get an individual a credit history, rendering it easier in order for them to improve credit options in the future.