How to Get a Credit Card With No Credit

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From Quick Guide: Introduction to Credit Cards

Summary: To get a credit card with no credit, visit a bank for a secured credit card, pay off the secured credit card on time, and wait for the bank to offer an unsecured credit card after a set period of time. Avoid spending excessively on an unsecured credit card with advice from the owner of a debt settlement company in this free video on credit cards.

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By Peter Repak
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Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company with a common goal of helping others to get out of...read more

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Video Transcript

"Hi, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. How to Get a Credit Card with No Credit. Well, you can. You can go into your bank. You can ask and inquire about a secured credit card. A secured credit card means that you actually pay a certain amount of money, whatever the credit card company requires, your local bank. You pay that, and it's with them for one year for security. You can use that credit card to rebuild or build your credit. Once the one year goes by, you will get that money back. At that time, the credit card becomes unsecured. And at that time, once you have credit, you've reached your goal. Stop using your credit card, because if you're going to go on, and start spending, what you're going to accomplish is you're going to have too much excessive debt, and then you're going to end up in my company trying to work out how we're going to save you, and help you. Because credit card companies are there to get money from you as much as they possibly can. So make sure you use credit responsibly. You only spend what you actually have and you can pay off right away. Don't spend money that you don't have. My name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you very much for watching."

eHow Article: How to Get a Credit Card With No Credit

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