Getting a credit card without a credit score might seem challenging, but it’s possible. Whether you’re a student, homemaker, or someone new to credit, banks offer specific options designed for individuals without an established credit history. This guide will help you understand how to apply for a credit card online without a credit score and the best choices for your needs.
What Does “No Credit Score” Mean?
A credit score reflects your credit history, which lenders use to assess your creditworthiness. If you’ve never had a loan or credit card, you won’t have a credit score. While this might limit your options, certain types of credit cards cater specifically to people in this situation.
Best Credit Card Options Without a Credit Score
FD-Backed Credit Cards
FD-backed cards are secured credit cards issued against a fixed deposit. Your credit limit is tied to the deposit amount, making them easy to get without a credit score. Examples include:
Student Credit Cards
Designed for students, these cards typically don’t require a credit score. Proof of enrollment in a recognized educational institution is usually sufficient.
Add-On Credit Cards
You can apply for a supplementary card linked to a family member’s primary credit card. This option doesn’t require a credit score and is ideal for first-time users.
Co-Branded Credit Cards
Certain co-branded cards, such as those issued in partnership with stores or e-commerce platforms, may have relaxed eligibility requirements.
Steps to Apply for a Credit Card Online Without a Credit Score
Choose the Right Card
Identify a card that suits your needs. Platforms like apply for a credit card online let you compare different options tailored for individuals without a credit score.
Check Eligibility Criteria
Even without a credit score, you must meet basic requirements such as:
- Age criteria (usually 18+).
- A valid ID (e.g., Aadhaar or PAN).
- Proof of address.
Gather Necessary Documents
Prepare documents like:
- ID proof (Aadhaar, PAN).
- Address proof (utility bill, passport).
- Fixed deposit receipt (if applying for an FD-backed card).
Complete the Application Online
- Visit the bank’s website or a trusted platform like Easemydeal for all credit card apply online.
- Select your preferred card and click “Apply Now.”
- Fill out the application form and upload the necessary documents.
- Submit the form and wait for verification.
Await Approval
Cards like FD-backed and student credit cards usually have a higher approval rate, even without a credit score. Once approved, your card will be issued with a credit limit based on the chosen card type.
Benefits of Applying Online Without a Credit Score
Convenience
You can apply from the comfort of your home and skip lengthy branch visits.
Quick Processing
Online applications are processed faster, often with instant eligibility checks.
Comparison Tools
Platforms like Easemydeal let you compare multiple options, helping you choose the best fit for your needs.
Exclusive Offers
Online applications often come with added perks like cashback, vouchers, or fee waivers.
How to Use Your First Credit Card Responsibly
Pay Your Bills on Time
Timely payments are crucial for building a positive credit history. Set up reminders or auto-pay to avoid missing due dates.
Monitor Your Spending
Track your expenses to ensure you stay within your repayment capacity and avoid unnecessary debt.
Keep Credit Utilization Low
Try not to use more than 30% of your credit limit. This helps build a healthy credit score over time.
Check Your Credit Report
Once you start using your credit card, your credit score will begin to build. Regularly review your credit report to monitor progress.
Conclusion
Applying for a credit card without a credit score is straightforward if you choose the right type of card, such as FD-backed or student cards. These options not only provide financial flexibility but also help you build a strong credit history. Ready to get started? Apply for a credit card online today and take the first step towards building your credit profile responsibly.