Credit card tips

Struggling to get a credit card? 3 solutions to your problems!

Problems are a very normal thing when trying to acquire a credit card. There are some questions that will appear on your mind during that process: Can I buy credit without having a credit card? Can I get a credit card without a bank account? Can I get a credit card despite having bad credit? In order to end with your struggle, we offer you three solutions to these frequent problems. 


If you have a bad credit score o no credit at all, then you will be happy to find out that there are some alternatives to make a purchase on credit without having a credit card. Check out the options you have and take note of your future purchases without a credit card!

1. Reverse Layaway (TM) Agreement

You can buy on a credit by using Reverse Layaway (TM). Bear in mind that when you sign this kind of agreement you are committing to make the payments agreed in the contract. Moreover, your payments will also need to be granted by a type of collateral, like a pre-written check.

First, you will have to find a retail or service provider that offers this type of program and complete the form. Once you sign the contract to pay as agreed, you will have to write the checks to cover each future payment.

2. Rent to Own

Another option you could turn to if you don't have a credit card is to purchase merchandise on credit by renting to own it.

In this case, you will first have to find a retailer specialized in rent to own.

Unlike other options, you won't need collateral with the rent to own, but you must present proof of income, provide information about your residence and other verifiable references when you complete your application.

You can then purchase merchandise at the rent to own store. The credit limit will be determined by the store.

Regarding repayment, you can choose whether to pay weekly or monthly.

3. Closed-end Credit Account

These are extensions of credit with a pre-defined credit amount and with monthly payments.

This option to buy on credit without a credit card can only be used to purchase merchandise from the retailer. You can either buy online or by catalog.

You will need to complete an application and provide specific information, such as employment, income, and residence.

4. Home Equity Line of Credit (HELOC)

This option is for those who own a home and have some equity buildup. In this case, you will be able to borrow against your home's equity with a HELOC.

This kind of credit works similarly to a credit card, as you can use it to buy items and make monthly payments at an established interest rate.

You will have to pay a visit to your bank or mortgage lender to apply for a HELOC, and you will need to draw against it by check or account card when you make a purchase.

5. Buy Now Pay Later!

Many websites offer an alternative for those purchases on credit when you don't have a credit card: The buy now pay later option. If you apply for this option, then the online store will give you 90 days same as cash terms. Therefore, you will make the purchase and pay for it later.


Not having a bank account isn't as unusual as you may think. There are many people who, for various reasons, don't have one. Nevertheless, this may be complicated for those who want to open a credit card. Learn how to get a credit card without a bank account!

It is said that the only way to open a credit card is by having a bank account, but not everybody knows that there is another method that does not involve this. You definitely should learn more about secured credit cards!

The main thing you need to know about this method it that it requires a cash deposit as collateral, just in case you don't end up paying the bill. In order to open a secured credit card you should follow some simple steps. So, take notes!

1. Find Your Credit Card Provider

The first thing you have to do is to find a bank that offers secured credit cards. You will probably find several options, so make a pros & cons list to analyze the services each bank offers, its fees and conditions.

Some of the options are Capital One, Discover and Citibank. Smaller local banks may not offer this type of card, but you should make some research before choosing.

Take the following points into account:

A) The security deposit: It usually is equal to the spending limit of the card. Bear in mind that in the case that you don't pay the bill, then the bank will take your deposit to pay it. If this happens, then you will have to provide another deposit order to raise your credit level once again.

B) Banks close to you: Chose a bank that is nearby. Bear in mind that you will have to pay the bill in person and in cash.

C) Fees & Conditions: Some banks may offer conditions like cash back on purchases or rewards points. Others may imply annual maintenance fees or harder penalties for missing payments.

2. Apply for the Card

Once you've chosen your secured credit card provider, you should visit the banks' branch to submit the application. Just in case, make sure that the teller fully understands that you do not have a bank account.

Fill out the application with the information required and be prepared to show proof of income to the bank. As you don't have a bank account, you will have to present pays stubs or tax returns, and the bank will use this information to set your spending limit.

After a few days, the bank will let you know if the application has been approved. Once this happens, you will have to visit again the branch to pay the required deposit and officially open your card. If your petition gets rejected, you can ask the bank for an explanation and then use this information to improve your application and present it to another bank.

3. Payment of Your Secured Credit Card

In order to keep the deposit you will have to pay your balance at the end of the month. By paying on time you can keep a high credit score and you may get your deposit back when you close the credit card.

The payment of the bill can be done in person and in cash. Some banks accept money orders, so check if this is possible. If you are going to take this option, remember that if you can't visit the branch to pay the bill, then you can mail a money order for the amount you need to pay to the payment location before the due date. In this case, the payment will take a few days to arrive, so remember to mail it a week ahead.


It's not impossible to get a credit card if you have a bad credit history. You just need to follow some tricks and you can even rebuild your credit score!

Most people think that those who have a bad credit history cannot have access to a credit card. Nevertheless, there are two methods that might help you not only to get a credit card but also to rebuild your credit score.

1. Getting a Secured Credit Card

The first option you can try if you have a bad credit score is opening a secured credit card. It is quite easy, you just need to have your cash ready!

This kind of card requires a deposit to grant you a credit line. Some banks may even offer you a limit higher than the amount you initially deposit. You just need to make some research about the options you have. While searching for the best bank you should also look for the interest rates, fees and conditions they offer.

You can also check if the bank offers to report your payments to the credit reporting agencies. Choose one that grants this possibility. It will allow you to rebuild your credit score!

2. Sign on as an Authorized User

If your score is bad, you can turn to a trusted friend or someone in your family who has a better score than you and can help you get a credit card. They can add you to their account as an authorized user. This would give you access to a credit account despite the bad credit score.

If you apply this method you will have to make sure you always pay your bills on time. Otherwise, it will impact your friend or family member's good credit. You should also ask the bank beforehand if the payments as an authorized user will affect your credit report. If this does not help you to rebuild your score, then you may want to ask another lender. Lastly, learn how you can remove yourself from the account once you can improve your score and access to your own credit card.


See also: "Find out the credit score you need to qualify for a credit card"

Related Articles

More News

More News