You finally made up your mind and you need to know how to process my first credit cardYou want your first plastic, but it is not a decision that you can make too quickly without making inquiries about the possibilities you have in the market, especially if for obvious reasons you still do not have a credit history to support you.
Then below you will obtain information so that for your peace of mind you can have your card even if you have not created a credit history and that when you obtain it you begin to start your reputation in the credit bureau, therefore it is convenient for you to continue reading …
How to get my first credit card
Obtain my first credit card It is important because if you have not yet built your credit history, this is the way to start creating it since thanks to your compliance it will be a credit support for you.
You will create your history that can be good or bad and it will always be a reflection of your possibility of obtaining a credit such as for the purchase of a car or a property, but always keeping in mind that the worse your history, the less possibility of accessing that credit you will have.
Alternatives to get my first credit card without a credit history
In this sense, you can take into account the following possibilities to get my first credit card with no credit history:
STORI Card
- Stori: it is a card that can be for you if you do not have proof of income and therefore do not have credit experience.
There is no annual fee and when you make purchases at participating establishments you get 5% reimbursement.
With the Stori Card App you can control all the movements of your account including the review of your account statement and even if you need it from the App you can block the card.
As it is a MasterCard card, it has international acceptance and you will have access to a wide network of ATMs.
Regarding costs, it considers that the average interest rate is 69.9%, the CAT is 97.3%.
As requirements you must be at least 18 years of age, your INE must be in force and you will present a proof of address to get the card.
Vexi Card without credit history
- Vexi: it is the ideal card as your first plastic because it does not require a credit history. Issued by a start up from Mexico that allows you to request it online with your Facebook account.
The commission for opening is $ 450 but it does not charge you an annual fee and if you make good use of the card you can get a better interest rate and an increase in the credit line.
You get the Vexi App at no cost to check movements and balances, as well as the fact that you can carry out digital procedures from the same App.
You can make purchases with deferred payment without interest or with interests at 3 and 12 months.
You can also buy online at participating establishments through PayPal.
The average interest rate is 62.05%
As requirements you must be at least 18 years old, if you have a credit history in the credit bureau it should not be bad, your income must be at least $ 2000 (it can be your allowance), you must present proof of address and official identification with photo.
Zero Mastercard
- Zero MasterCard: it is the card for you if you are a university student and your age is less than 25 years old because it does not require a credit history, since the approval is based on the prestige of your university, the current career and the perspective of your economy in the future.
It has no annual fee but you must use it spending at least $ 100 per month.
You can access the rewards plan with which you accumulate one point for every dollar you spend on your purchases (for every dollar spent or its equivalent in national currency)
The commission for each time you require cash is $ 10 and the average annual interest rate is 58.13%
As requirements, you must be at least 25 years old, a photo ID, proof of address of no more than 2 months old and a copy of the university credential or the strip of subjects.
Bancomer Credit Card
- You can also take out my first bancomer credit card As long as your monthly income is at least $ 6000. As requirements you must be over 18 years of age and be a resident of Mexico.
To obtain it, you will present your official identification in force, a proof of address with an antiquity not exceeding 3 months (it can be the water, telephone or electricity bill), your proof of income and if you are a foreigner you will present a copy of your immigration form .
In this way you will get a card to make purchases of services or goods in national currency in Mexico.
Banamex Credit Card
- You can also take out my first banamex credit card Like the Classic, which gives you promotions and discounts as benefits, with Premia points you accumulate 5% to buy what you want or you can exchange them for cash and the first month allows you to enjoy Double Points for filling gasoline.
The cost of the annuity is $ 716 without VAT and as a requirement your minimum income must be $ 7000.
- You can also get the Banamex Costco card that benefits you with an annual 3% refund for the purchases you make at Costco United States and Mexico.
You also receive an annual refund of 2% for purchases you make in other establishments and during the first year it does not charge you an annuity, then the cost of the annuity is $ 450 without VAT and as a requirement your income must be at least $ 7000.
Santander Credit Card
- You can also take out my first Santander credit card which is without an annuity if you spend at least $ 100 per month. You have the rewards program, you get 1 point for every dollar spent on purchases.
As requirements you must be a student, be between 18 and 25 years old and your minimum income must be $ 2750. To get it, you will present a copy of the university’s credential and in force, the strip of subjects or a document verifying that you are a student of the institution, in the last month you must maintain at least a balance of $ 1500 and you will also present your official identification in force and if you are a foreigner you will present a valid passport and a copy of the FM2.
-> See: Credit cards without annuity
How can I get my first credit card?
You knowhow can i get my first credit card?
- The first requirement is your age of at least 18 years, although the most recommended is 20 to 30 years.
- You will also present proof of income whose amount should generally be $ 6000 depending on each institution.
- You must also have a mobile phone plan in your name because you will present the invoice.
- The official identification in force is a requirement of every institution such as proof of current address.
Where can I get a credit card with no credit history?
You know where can I get a credit card without credit history, then you can get:
- The Sears Card with a variable annual interest rate, does not charge you an annuity and your minimum income must be $ 6000.
- The Platinium Amifin credit card that does not charge you annuity, the annual interest rate is 32% and your minimum income must be $ 5000.
How do I know if I can get a credit card?
To solve fast how do i know if i can get a credit card You must visit the bank branch and you will complete the application with official identification, proof of income and address.
What is needed to process a credit card?
You know what is needed to process a credit card, because in principle your minimum income must be verifiable with a bank account statement, tax return or payroll receipt.