No credit check credit cards: a solution for those with bad credit history

For those with a poor credit history, CCJs, insolvency proceedings or bankruptcy hanging over them, the topic of credit cards can be an unsettling subject. On the one hand a person may need the convenience of a credit card, but on the other the credit card application process is a daunting prospect. This guide talks you through the options that are available to you if you find yourself in this situation. We’ll describe what features are offered by each card, and to whom they may be suitable.

So, what are no credit check credit cards?

In the most basic sense, no credit check credit cards aren’t actually credit cards, they’re actually known as credit builder cards. However they offer all the features that credit cards do, such as online payments and electronic payments in shops, however they do not provide a credit facility.

The point of using these cards is that it allows you to carry on your day to day finances, whilst building your credit up. They work by you topping up the card with money via the internet, and then using this prepaid credit. This option is perfect for those that either have a bad history, or no credit history whatsoever.Because of the fact that users are unable to spend more than they have, this helps many in their day to day budgeting, and avoids the user getting into debt.

Your options

Today there are a large number of prepaid credit cards on the market. When shopping around pay attention to set up fees, monthly fees and transaction fees. Here are some good choices on the prepaid credit card market right now: Orange Cash Prepaid MasterCard, Ffrees, Kalixa Prepaid MasterCard and Cashplus Fee Free Offer.

You should also be aware that some have monthly charges that must be paid in order to build your credit. These are taken over the course of 12 months, at the end of the term your credit report will be marked with a ‘completed loan’, which will work wonders on your credit rating.

Do's/Dont's  for when applying for no check credit card

- If you have been rejected for a credit card once, don't apply straight away for another one as you will likely be rejected again. 

- Apply for credit cards that you are more likely to be accepted. 

- Perform a credit check before applying for a credit card. You will know your options better.

- Always pay at least the minimum per month on your credit card.

- Don't withdraw from cash machines on a credit card.

Credit cards with a higher acceptance rates

The following credit cards, although they do entail a credit check, have a higher acceptance rating as compared to the rest of the credit card market.

• Capital One Classic MasterCard,

• Capital One Classic Platinum MasterCard,

• aqua Classic Credit Card,

• Luma MasterCard,

• aqua Advance Credit Card.

Despite a person’s current or previous financial situation being an important factor in day to day living, it should not affect your ability to get a prepaid credit card. Additionally it is vital that you are given the opportunity to rebuild your credit score; without the aforementioned options this would be virtually impossible.

You may want to read about: Low Rate Credit Cards

The information on this page is designed to help you understand more and make more informed choices. We do not receive any commissions, instead we are funded from companies that we advertise on our website.