Most lenders in America need proof that you can pay back a loan that you obtain. To be able to run a credit card application, you would need proof of income, while some lenders require proof of employment. What if you fall into the category of Americans that are unemployed? This article focuses on the 10 best credit cards that are available to unemployed people. Without further ado, let us delve in.
1. Capital One Platinum Secured Credit Card
If you are unemployed in the USA, the Capital One Platinum Secured credit card can help you financially. However, you will be required to make a non-refundable deposit that matches the credit limit that you seek.
For instance, if you are looking for a credit card with a $400 credit limit, you would need to make a refundable security deposit of $400. Before you are insured on this credit card, no employment check is made; all that is needed is a deposit that is used as financial security. If you make your first six payments on time, it is important to note that you will be eligible for an increased credit limit.
2. Secured Sable ONE Credit Card
If you are unemployed in America, then you need to make the secured Sable ONE credit card a must-choose. This card offers users credit lines without any employment check. Even if you fall under the category of Americans with bad credit history, you are eligible to apply for the secured sable ONE credit card.
Another interesting perk of this credit card that accommodates unemployed persons is that it offers cash back rewards, rental car insurance, and cell phone insurance. Even as a non-USA citizen, you are eligible to apply for the secured Sable ONE credit card. This is because the application for this credit card does not require an SSN.
3. Total Visa Card
Another credit card in our listicle that offers credit to non-employed persons in the USA is the Total Visa Card. The credit limit on this credit card starts from $300 and can increase if timely payments are made.
However, if you are using the card for the first time, you will have to pay a one-time program fee and an annual fee that will be charged upon credit card activation. These fees will be removed from the initial balance until they are paid off by the cardholder.
4. Indigo Mastercard For Less Than Perfect Credit
The Indigo Mastercard is a credit card that allows prospective customers to register without an employment history. They do not perform an employment check. Just like other credit cards elucidated in this listicle, their credit limit starts at $300.
This card is best suited for students because they do not require proof of income before issuance. However, the card issuer needs to be sure that you have the capacity to make the minimum repayment each month.
5. Capital One Platinum Secured Credit Card
If you have no proof of income and want to keep your credit line healthy, then Capital One Platinum Secured Credit Card is a good choice. In order to make use of this card, you will need a security deposit of $49. With this security deposit, you will be guaranteed an initial credit line of $200.
If you use this credit card wisely, you will be considered for a higher credit line within 6 months. This time, there would be no need for an additional security deposit.
6. Deposit It Secured Credit Card
With the aid of the Deposit It Secured Credit card, you do not need a credit score or some proof of income. It is one of the best credit cards that someone that is unemployed in the USA can opt for. To benefit from the credit card, you need to provide a non-refundable deposit that would act as security for your credit line.
This security deposit comes in the tone of $200. With a $200 security deposit, you would get a $200 credit line, and with a $500 security deposit, you would get a $500 credit line. Also worth noting is that you will need to provide your accurate banking details when applying for the Deposit It Secured Credit Card.
7. Open Sky Secured Visa Credit Card
Open Sky Secured Visa Credit card is a card that has interesting perks for unemployed persons in the USA. With this card, there would be no need for a credit check. As cited by “Cardrates.com”, the card, the Open Sky Secured Visa Credit Card, has an approval rate of 85%.
With the Open Sky Secured Visa Credit card, there is no need for income-proof, but they charge a minimal annual fee and demand a security deposit. It is important to note that your security deposit must equal your credit line.
8. Brinks Prepaid Mastercard
Another card that does not require employment information and proof of income is the Brinks Prepaid Mastercard. The only downside of this credit card for the unemployed is its fees. There is a $1 for each signature transaction you make, alongside a $ 2 per PIN transaction with the credit card.
9. Discover It Student Chrome
Discover It Student Chrome is a credit card that best suits students. They offer a reward program for card holders and do not need a quarterly activation. If you are a student without a job, getting the Discover It Student Chrome visa card would require that you apply with a co-signer in order to qualify.
10. Discover It Student Cash Back
The last credit card in our listicle is the Discover It Student Cashback. If you are a qualified student-card user, you will be riddled with cash-back rewards. It is important to note that applying for this credit card does not entail going through an income check. Students who are not employed can opt for this credit card.