Credit Cards No Credit Check

Credit cards no credit check allow you to apply for a new card without giving your credit score. The only requirement is a security deposit, which will probably be equal to the initial credit limit. This deposit protects the lender in case you fail to make payments. It also protects them in case you use your credit card without permission, which makes these credit cards less risky for lenders to approve.

Which card is easiest to get approved for?

If you’ve got a poor credit history, a secured credit card may be the best option. These cards require you to place a deposit of 200-$3,000 in order to get a card. You’ll have to pay a small annual fee, but the credit limit is equivalent to the security deposit. Most secured credit cards offer credit limits between $200 and $500, but the OpenSky Secured Visa is one of the few guaranteed approval cards with a credit limit over $1,000.

If you run a high-revenue business, you may qualify for a corporate credit card. This type of credit card places the liability on the business, and your personal credit will be less of a concern. Preloaded business debit cards may be an option, too. And for sole proprietors, a personal credit card with no credit check is an option. However, you should keep business and personal spending separate, if possible.

Taking a credit check is an important step when applying for a card, as it can reveal a borrower’s financial situation and risk level. If you have a poor credit history or a poor credit score, it can prevent you from getting a new loan or credit line from a new lender.

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