Credit Cards for People with no Credit HistoryCards for persons without credit card history
Halifax last weeks introduced its Classic Visa on the market, which costs 27 Euros. Interest is much higher than the 8. 9 percent that is charged on the least expensive credit cards the banka. "More people will be moved to more costly credit techniques like this [Halifax Classic Visa] credit line.
" Halifax, though, says that its classic visa will not end up as a landfill for a large number of people who may not have A1 creditworthiness. Instead, she emphasizes that the map is only intended for a "niche market": people with little or no creditworthiness.
Classic is not intended for people with bad credit history, the so-called subprime procedure, who have previously fallen behind. The main actors Barclaycard and Capital One both have a higher quality plastics for "non-standard" clients. Barclaycard blank cards (introduced in 2003) cost 27. 9% and Capital One Classic (introduced in 1999) 34.
Since the prices for these items are similar to those associated with loyalty cards, Mrs Owens warns: Humans should not have any unpaid balance on these cards for an extended period of inactivity. "Halifax introduced its classic visa at a times when many financial institutions are seeing it more and more costly to fund consumer credit, mortgage and credit cards.
And Barclaycard has lowered spend limit on cards for tens of millions of customers.
What is the best credit for an 18-year-old without credit history?
Disclosure by the advertiser: Some credit cards and other product related link on this site deserve an affilate fee. As we try to rank the best mileage and points offerings, the site does not contain all credit cards or credit cards available in the advert. Visit our page on our promotional policies for more information about our affiliates, visit our page on our promotional policies for more information about our affiliates.
The views express herein are those of the authors alone and have not been verified, authorized or otherwise confirmed by any of these parties. No contribution or comment will be provided by the issuing financial institution or any other solicitor. Commentary on this page has not been verified, authorised or otherwise confirmed by any advertisers and it is not the liability of the Banks or advertisers to make sure that contributions and/or queries are addressed.