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Secured credit card with credit reporting, but no credit check?
I'm looking to open a secured credit card to improve my credit score, but I don't want another hard inquiry on my credit report. Are there any secured credit cards that will not check my credit, but still report to the credit reporting agencies?
I may be asking too much, but I figured I'd ask anyway :)
3 Answers
- WorkedLv 51 decade agoFavorite Answer
There is no commercial product on the market that will not check creditworthiness.
You are asking for a change in market practice at a sensitive time.
- ?Lv 45 years ago
do no longer confuse a secured mastercard with a prepaid card -- countless responses have made this mistake. prepaid enjoying cards require money to be "loaded" on, then you definitely spend and might desire to reload. A secured mastercard is a actual mastercard that comments to the credit bureaus. It calls for a deposit that's held as collateral against the line of credit. you're making quotes, get a month-to-month fact, make money and pay interest in case you carry balances, in simple terms like a prevalent mastercard. Secured enjoying cards are used to construct credit so as which you will qualify for a prevalent mastercard. regularly the secured money owed could be converted to prevalent money owed and your deposit is decrease back. A monetary business enterprise debit/verify card isn't a line of credit. that's connected on your monetary business enterprise account. It would not checklist to the credit bureau and would not build credit.
- Genuine GuidanceLv 71 decade ago
Do you have a bank account? A checking account with a bank in your town? If so, go in and ask if they offer secured credit cards. Since it is a secured card, there should be no credit check.