Free Credit Card w/ No deposit

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CSIMiami
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Free Credit Card w/ No deposit

Postby CSIMiami » Thu Sep 08, 2016 10:35 am

Could of sworn i posted a topic, but i don't see it?

Anyways, i am trying to get a free credit card with no deposit, low annual fee and someone with no credit looking to build.

I just want to buy something under 200 bucks and pay it off within 3 months. Thanks.


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Vattené
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Re: Free Credit Card w/ No deposit

Postby Vattené » Sat Sep 10, 2016 5:05 pm

With no credit history, your best bet is probably a store account. You may not be able to use it anywhere, but it is a good tool for building plus requires no annual fee or security deposit. If this is a specific purchase you're wanting to finance, depending on where a store account may be a good option for that, too.
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plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: Free Credit Card w/ No deposit

Postby CarefulBuilder14 » Sat Sep 10, 2016 5:41 pm

Not sure what you mean by a free credit card. Do you mean a card with an intro 0% rate?

On a sub-$200 purchase, keep in mind that any annual fee would be equivalent to paying a lot in interest, especially when you finance the purchase over just a few months.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
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Might drop: BrooksBros, Prestige (Costco PC?)
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CSIMiami
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Re: Free Credit Card w/ No deposit

Postby CSIMiami » Sun Sep 11, 2016 4:09 am

Vattené wrote:With no credit history, your best bet is probably a store account. You may not be able to use it anywhere, but it is a good tool for building plus requires no annual fee or security deposit. If this is a specific purchase you're wanting to finance, depending on where a store account may be a good option for that, too.


Store account? are you talking about like best buy credit card, new egg credit card, wal-mart credit cards, etc if so, i have been declined from all of them, and others as well. I don't have any credit at all.

CarefulBuilder14 wrote:Not sure what you mean by a free credit card. Do you mean a card with an intro 0% rate?
On a sub-$200 purchase, keep in mind that any annual fee would be equivalent to paying a lot in interest, especially when you finance the purchase over just a few months.


I meant just a credit card with no security deposit. I may have to go with caption one secured card and spend 49.99, was just trying to avoid playing a deposit, that's all.

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CarefulBuilder14
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Re: Free Credit Card w/ No deposit

Postby CarefulBuilder14 » Sun Sep 11, 2016 11:42 am

CSIMiami wrote:
Vattené wrote:With no credit history, your best bet is probably a store account. You may not be able to use it anywhere, but it is a good tool for building plus requires no annual fee or security deposit. If this is a specific purchase you're wanting to finance, depending on where a store account may be a good option for that, too.


Store account? are you talking about like best buy credit card, new egg credit card, wal-mart credit cards, etc if so, i have been declined from all of them, and others as well. I don't have any credit at all.

CarefulBuilder14 wrote:Not sure what you mean by a free credit card. Do you mean a card with an intro 0% rate?
On a sub-$200 purchase, keep in mind that any annual fee would be equivalent to paying a lot in interest, especially when you finance the purchase over just a few months.


I meant just a credit card with no security deposit. I may have to go with caption one secured card and spend 49.99, was just trying to avoid playing a deposit, that's all.

Some store cards are not that easy to get with very little or no history. I tried to get a GEMB (now called Synchrony) card when I had no history and was declined.

Capital One's partially-secured card ($49 deposit, $200 CL) is one option, but keep in mind that other issuers have products which may be worth considering. With Discover's fully secured card, you can earn rewards and have a card that can be useful indefinitely, rather than one you'll discard before the account has much history. It would take a year or more for Discover to unsecure and return the deposit to you, though.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

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CSIMiami
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Re: Free Credit Card w/ No deposit

Postby CSIMiami » Sun Sep 11, 2016 12:10 pm

Wait, I'm just trying to find a credit card with no deposit and start building my credit. Does a card exist or i have to pay a deposit no matter which i use? I can't seem to find one without a deposit. I just want to sign up for a card, no deposit, start shopping and be able to pay it off within 3 months. or there are no cards that exist.

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CarefulBuilder14
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Re: Free Credit Card w/ No deposit

Postby CarefulBuilder14 » Sun Sep 11, 2016 1:44 pm

CSIMiami wrote:Wait, I'm just trying to find a credit card with no deposit and start building my credit. Does a card exist or i have to pay a deposit no matter which i use? I can't seem to find one without a deposit. I just want to sign up for a card, no deposit, start shopping and be able to pay it off within 3 months. or there are no cards that exist.

Most cards don't have any security deposit, but to be approved for them you generally have to have some basic credit history already. Most banks are uneasy about taking a risk on a customer with no history. That's why you've been getting declined for other cards.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when



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