If you have no credit history, you more than likely will have trouble finding card issuers that are willing to offer you credit. Having an empty credit profile makes it difficult for creditors to determine how you handle and manage lines of credit so they will be leery about extending you a credit offer.
This is the plight of many consumers who don't have bad credit, but also don't have any credit. There are many options now for anyone whose credit history is sparse. Many issuers are currently catering to consumers who want to get a credit card with no credit.
Orchard Bank has various offers for consumers who have no credit or poor credit history. If you apply for a charge card using Orchard's secure online form, they will determine the best card offer for you according to your credit. Once your offer has been determined you can review the terms and submit to the offer or offers that you are preapproved for.
Keep in mind that Orchard Bank and other card issuers will sometimes extend a credit line with an annual fee for people with questionable credit backgrounds. These fees can start from $35.00 up to $150.00 or more and will be taken from your initial credit limit if you are approved. An annual fee may be unavoidable if you want to get a credit card with no credit, but a minimal annual fee can be a phenomenal exchange for a boost to your credit report. Be sure to read all the terms and conditions before applying for an offer to be sure of any fees that will be assessed.
About the author: Katina Blue is the owner of http://www.creditsider.com, a website devoted to assisting consumers with finding and applying for the best credit cards, and informing consumers about current credit trends and maintaining positive financial situations. She writes regularly on all areas of credit.
Article Source: http://EzineArticles.com/?expert=Katina_Blue
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