When you apply for a credit card, the general expectation is that credit card issuers will check your borrowing history before deciding whether to accept or decline your credit card application. This is known as “conducting a credit check”.
Is it possible to get a credit card with no credit check?
Your best chance of getting a credit card with no credit check is by getting a credit builder credit card or a prepaid card.
How credit builder credit cards work:
Also known as “poor credit, credit cards” these cards are ideal for building credit.
These cards are designed for people with poor credit histories or no history of credit at all. Using a credit builder credit card can be ideal for repairing a credit rating.
What Prepaid cards have to offer:
Used as an alternative to conventional credit cards, prepaid cards offer much of the convenience of a credit card, but without a credit check.
Prepaid credit cards are cards that look like credit cards and can be used in most places where credit cards are accepted. To use prepaid credit cards you need to deposit money onto the card. As you make purchases, your available balance is reduced.
You can get this type of card even if you have bad credit. Your creditworthiness isn’t considered when you are applying for this type of card, because you aren’t really borrowing money from anyone.
Getting prepaid credit cards can help to manage your budget. You’ll know exactly how much you can spend, since the amount will be loaded onto your account.
Furthermore, applying for prepaid credit cards won’t influence your credit score.
To use the card, money is pre-loaded onto it. This means that you are limited to the funds available on the card.