Whether you are just starting in the world and don’t have a credit score, or have made some poor financial decisions in the past that resulted in a low credit score, you’ll likely struggle to be approved for many different Mastercard applications.
There isn’t necessarily anything wrong with a low credit score, as different factors influence this number that might have been out of your control.
What’s important is that you are trying to bring that credit score up, and for that, you’ll want some of these easily approved Mastercards, which do not require a very high credit score.
Deserve EDU Mastercard for Students
Designed for students that are either starting their way in the world or have a lower credit score, this Deserve EDU card comes with many benefits that help you raise that credit score as well as provide you some quality of life perks.
An example of these perks would be one year of Amazon Prime after your first purchase with the card. Another perk is the ‘Refer A Friend Program’, whereby if you invite someone to join with your referral code, both you and the referred friend get $30. The Refer A Friend Program works an unlimited amount of times, so encourage as many of your friends to join as you can!
There is no annual fee for this plan, and the APR is comparatively low, between 18% and 19%. There isn’t a deposit required, nor are there any additional transactions for purchases abroad. International students can even apply as they do not require a Social Security number.
Note: There are risks involved when applying for and using this credit card. Consult the bank’s terms and conditions page for more information.
Contact: For general support, call 1-800-418-2362, email: hello@deserve.com, or mail this address: Deserve, PO Box 57780, Murray, UT 84157.
First Progress Platinum Select Mastercard Secured Credit Card
This First Progress credit card is a card aimed towards those with a poor credit score that they wish to improve. With no credit score required to apply, you’ll only need the very basics to sign up, as if you were starting fresh again in the financial world. This card is great, as it is valid for just about anything that you would use a credit card with a higher credit score for.
There is an annual fee of $39, with a low 13.99% APR amount, so you will have to have a more stable income than that of a student if you want to make regular use of this card. Credit history is also submitted to all three major credit bureaus to reinforce further that this card is meant for those looking to build up their credit score.
A fully refundable deposit of $200 to $2000 can be submitted with the application for your credit line to start with.
Note: There are risks involved when applying for and using this credit card. Consult the bank’s terms and conditions page for more information.
Contact: For general support, mail this address: First Progress Card, P.O. Box 9053, Johnson City, TN 37615-9053.
Indigo Platinum Card
The main drawcard for the Indigo Platinum Card is that you are afforded many of the benefits of a platinum level credit card, without needing an incredibly high credit score. They allow pretty much any level of credit score to enter a plan with them, barring those with no credit score at all.
You could even have been previously bankrupt, and they will still give you a chance and fast response on if you have been accepted or.
Signing up with Indigo is super easy, mobile-friendly, and with a pre-qualification process that has no impact on your credit score. Their plan protects you from any fraudulence should the card be stolen or lost, and it’s accepted in, as they claim, 35 Million locations across the globe.
As for the pricing, their annual fee is based on your credit profile, with a fee between the ranges of $0 and up to $99. The APR is the average 24.8% across the board, however.
Note: There are risks involved when applying for and using this credit card. Consult the bank’s terms and conditions page for more information.
Contact: For general support, call 1-866-946-9545 or mail this address: Genesis FS Card Services, PO Box 4477, Beaverton.
First Digital NextGen Mastercard Credit Card
This First Digital credit card widely accepted around the world is perhaps the fastest card you may be accepted for. The incentive here is to build up your credit score with their service, as they report to all three major credit bureaus. Their cards are widely popular for their convenience, as they are accepted by almost every merchant and ATM you could find, as well as online.
As for their annual fees and APR, some various terms and conditions apply to these that cause these values to change from individual to individual, but you are looking at around 35.99%. Just be aware that they exist.
Note: There are risks involved when applying for and using this credit card. Consult the bank’s terms and conditions page for more information.
Contact: For general support, call 844-358-0074 or mail this address: First Digital, PO Box 85650, Sioux Falls, SD 57118.
Summary
There are plenty of Mastercard options out there for those with no or poor credit score, plenty more than what you can find on this list. Shop around, look for opportunities, and make a deal. Just don’t rush into a plan without weighing the pros and cons of your circumstances.
And always remember there are risks when using a credit card.
