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Easy Store Credit Cards. Capital One Secured Mastercard no credit history. The Kohls Charge Card doesnt provide purchase rewards but it does provide exclusive cardholder offers and discounts each month that can be used in-store or online. Store credit cards often have no annual fee so if you pay your bill in full and on time each statement period you could get the perks of a store card with no cost. For a store that offers instant approval for both closed-loop and open-loop credit card options credit card rewards points and a competitive APR consider a Nordstrom credit card.
Secured credit cards do require a security deposit and generally come with lower credit limits. Another option for easy credit card approval is a secured credit card which will allow you to be approved with no credit history or even bad credit. If you have bad credit getting a store or retail credit card might be easier than a traditional cardAlthough store cards could come with low credit limits and may only be usable at a specific retailer you can use them to build your credit and potentially become eligible for general-use credit cards in the future. Store credit cards approval process isnt so strict and obtaining them should be very easy. They also offer tempting store credit cards that make it easy to swipe through every department in the store and right through your budget too with high APRs. Store cards can only be used at the store theyre affiliated with though some may be tied to a group of stores.
Plus as with most store cards department store credit cards are closed-loop.
If youre interested in a card with an annual fee do the math to make sure it can supply enough value to offset the fee each year in rewards discounts or cardholder benefits. Store cards also often charge deferred interest. Credit Card Forum indicates it is easier to obtain than a major credit card and estimates the minimum FICO score requirement to be in the mid-600s. Most credit cards offered by Comenity Bank are designed for frequent shoppers at targeted stores. Store cards can only be used at the store theyre affiliated with though some may be tied to a group of stores. However with a current 2424 to 2624 APR window even the lowest rate will result in sky-high fees for anyone who carries a balance from month to month on their card.