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Where can I get a credit card without credit history?
Where can I get a credit card without credit history? , if you do not have a credit history it may be difficult to obtain a bank card, but luckily there are opportunities to access a credit card without a credit history .
What is a credit card?
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Something important is that a credit card is equivalent to money borrowed by the bank that grants them said credit card, so it is money that they can spend and at the same time they must return, since it is a credit granted through a card.
Where can I get a credit card without credit history?
What are credit cards without credit history?
Banks and financial entities have the possibility that people can get a card for the first time, or for those people who do not have much income or credit history that allows them to process a credit card.
Types of credit cards without credit history
- Secured cards
- departmental cards
- basic cards
- youth cards
They are some of the credit cards for people with low income and a lower history than those usually requested by banks to apply for a credit card.
Who can apply for a credit card without credit history?
Mainly for young people they are those who do not have a credit history , the report on their credit history being null, which is an impediment to being able to access a traditional credit card. Luckily there are banks that offer credit cards for students.
What is credit history?
The credit history is the record of payment of credits, loans or services and that reflects your payments or non-payments. The credit history keeps track and has information on the level of behavior and credit activity.
Various activities appear in the credit history, such as:
- Mobile phone service (being under contract and paying punctually and periodically
- Automotive credit
- Credit or departmental card
- Personal loan.
Each month there is a new payment record. In which arrears and unpaid debts are recorded . Therefore, it is important to be up to date with the payments, since the credit history is where the credit institutions turn in order to know whether or not they can grant the credit, loans or cards to the applicant.
What aspects should I consider when applying for a credit card without a credit history?
When applying for a credit card without credit history , they must inform the Bank about certain aspects such as:
- Interest rates
- quota limit
- Dates to make payments
- Number of installments to defer purchases or payments.
Credit cards without credit history
YOURS cards
TUYA allows young people or people who do not yet have a credit history to apply for their credit cards. This way you can build a history of credit purchases and later access other credit products. Discover here the cards offered by TUYA and their benefits:
- Exclusive discounts every week at Éxito and Carulla stores
- Discounts in partner stores
- Pay the handling fee only when you use it
Western Bank
Banco de Occidente is one of the options when accessing the first credit card, and starting the credit history. The first credit card is the beginning of financial life and beginning to meet payments and use it responsibly.
You can apply for the Credential Visa / MasterCard credit card from Banco de Occidente. It may be the first credit card with no credit history. Banco de Occidente allows you to apply for a credit card for the first time .
They can choose between the Credential Visa or MasterCard credit card with the advantage of providing few requirements.
Requirements
- To request it, they must present a Minimum Allowance Certification of $500,000 signed by the father, mother or guardians.
- It is granted from 1.5 SMMLV
- Be between 18 and 25 years old.
Bancolombia
Bancolombia allows you to choose between several cards and request the first credit card without credit history:
American Express Blue:
- It allows you to make purchases on credit and accumulate points for trips.
- Protection insurance on purchases of USD $1,000 per incident and up to a maximum of USD $5,000 per year.
Requirement
- Income equal to or greater than $1,000,000.
Young MasterCard:
Among other benefits, it allows you to accumulate points with purchases and obtain special discounts.
Requirement
- No income required, with $200,000 to access
- Be between 14 and 25 years old.
Ideal MasterCard:
It allows you to obtain a higher credit rating by making payments on time. They have a limited quota for cash advances at ATMs
Requirement
- They allow you to request it if the income is equivalent to 1 and 2 SMMLV
Classic MasterCard:
Classic MasterCard, offers a 24/7 Global Service and accumulate points with purchases.
Requirement
- Have income of $1,000,000 or more to request it.
Classic Visa:
It allows, among other benefits, to accumulate points, and special offers
Requirement
- Minimum income of $1,000,000.
Bank of Bogota
Digital credit card, they can apply for a credit card for the first time with the advantage of receiving a quick approval from Banco de Bogotá. In addition to accessing 6 months free in the management fee and promotions in affiliated businesses.
Requirement
They do not have to provide documents , which is an advantage when applying for a credit card for the first time.
So not having a credit history is a good opportunity to apply for a credit card, since as you saw there are banks that do not require you to have the famous “credit history”.
