Your credit history either makes or breaks your credit card application. A good credit history will secure you an approved application, but a bad credit or no credit history will not even qualify you for preapproval. Does that mean that you have absolutely no chances of getting your own credit card if you have a bad credit or no credit history? No. Thanks to an innovation called no credit checks credit cards, you can now have your own credit card.
No credit checks credit cards = secured credit cards
In their advertisements, the important information that most credit card companies fail to disclose is the fact that no credit checks types of credit cards are actually secured credit cards. Secured credit cards are credit cards that are linked to and supported by existing savings accounts. Because of this link, you are saved from any possibility of committing defaults. This is because the money from your savings account will support your secured credit cards/no credit checks credit cards.
No credit checks credit cards = bad credit or no credit histories
The targeted market of no credit checks credit cards are people with either bad credit or no credit histories. Because of its “no credit check” feature, people with bad credit or no credit histories are saved from the nerve-wracking deliberation of their credit scores and ratings. They can get their very own no credit checks credit cards even while they are still in the process of repairing their credit information.
No credit checks credit cards = improved credit scores and ratings
No credit checks credit cards, surprisingly, can help you repair and improve your credit scores and ratings. Successfully managing payments for your no credit checks credit card will have positive implications on your credit report. Credit report agencies will notice the improvement in your financial management and they will consider this improvement in the next computation and evaluation of your credit scores and ratings.