How to Get Credit Cards with No Deposit

You can get a credit card with no deposit, even with bad credit.

happy couple with credit card and ice cream
Updated June 6, 2025
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Key takeaways

  • Unsecured credit cards do not require a cash deposit, but are harder to qualify for. Second-chance cards and credit-building cards are your best options when you have bad credit.
  • Cards with no deposit for low scores tend to have lower credit limits, higher fees, and steep interest rates.
  • Use prequalification tools and compare the interest rates, fees, and benefits. Apply for the card with the most favorable terms for you.

Credit cards with no deposit can help you access credit and improve your score when you don’t have the cash for a security deposit. Not everyone has hundreds of dollars lying around that can be locked away for months.

If you have a low score and don’t want a secured card, your best bet is to get a second-chance card. These cards are designed for people with poor or no credit history. Or you can look for a credit-builder card that specifically aims to improve your score with responsible use.

Let’s explore the best credit card options with no security deposit for poor scores and tips on how to apply.

What are no deposit credit cards?

No-deposit cards are unsecured credit cards that don’t require a deposit to open an account. Traditional credit cards fall into this category. Credit cards with no security deposit give you access to a line of credit based on your creditworthiness alone. Issuers take into account your income, credit score, and existing debt to determine if you’re eligible.

Many unsecured cards require good to excellent credit, but not all. Specific credit card issuers provide credit cards for bad credit with no deposit. These cards can be a good choice if you don’t want to tie up money in a deposit or don’t have the funds available. The catch is that they come with high interest rates and additional fees to compensate for the creditor’s risk.

Secured credit cards require an upfront cash deposit as collateral. They are more readily available for people with bad credit since the refundable security deposit lessens the creditor’s risk. The deposit is the main difference between secured and unsecured credit cards.

Certain cards, like the Chime Credit Builder card, are hybrid with flexible deposit requirements and no credit check. A credit card with no credit check and no deposit required is rare.

What types of credit cards don’t require a deposit?

If you’re looking for credit cards without deposit requirements and have bad credit, there are several types to consider.

Unsecured credit cards with no deposit

The majority of credit cards are unsecured. Many offer benefits like cash back rewards, travel points, and 0% introductory APRs for purchases or balance transfers. People with good to excellent credit typically get rewards credit cards.

If your credit score falls in the poor or fair category, you should look for a basic unsecured card. Use your card responsibly – establish a positive payment history and low usage. Over time, you can improve your score and get a card with rewards.

Second chance credit cards

Lenders designed second chance credit cards with no security deposit for consumers with poor or limited credit histories. The idea is to give people who have had issues with credit in the past another opportunity.

While lenders are willing to provide credit cards for no credit with no deposit, they still want to be protected. As a result, many charge high annual percentage rates (APRs), additional fees, and set low credit limits. The extra fees mean they will still receive money even if you don’t pay your bill. The low limits ensure they won’t be out much if you default.

Credit cards for rebuilding credit with no deposit

When looking for credit cards for a 500 credit score, credit building should be a priority. Look for cards that report to all three major credit bureaus. Reporting your activity to the credit bureaus, Equifax, Experian, and TransUnion, is essential for improving your score.

The best credit cards to build credit will also offer perks like autopay and reminders, so you never miss a bill. Paying on time is the best thing you can do to get good credit.

Many providers also alert you if you spend over a certain amount. This can help you keep your utilization low and spot fraud early on. You may also find one that sends you your credit score for free once a month so you can monitor it.

How to get credit cards for bad credit with no deposit

Check your credit profile

First, check your credit score and report. Knowing your current standing can help you identify cards you may qualify for and avoid unnecessary denials.

You can get your credit report for free once a year via annualcreditreport.com. Read it over carefully for errors that could be hurting your rating. If you see any mistakes, dispute them with the issuing bureau.

What credit score do you need for a credit card? Most providers require a score over 690. That said, there are cards for a 500 credit score or lower.

Determine your budget for fees and interest

Next, examine the fees associated with the card. Many unsecured credit cards for bad credit come with extra costs. They often have annual fees, processing fees, monthly maintenance fees, and steep APRs. Compare these fees across different cards to find the most cost-effective option. 

Note that the card will likely have a late payment fee, a returned payment fee, and a foreign transaction fee. These fees are standard, no matter your score, but it’s good to be aware of them so that you can avoid them.

You can also avoid paying interest. Only buy on credit what you can afford to pay for in cash, and then you’ll be able to pay your bill in full at the end of the month. When you pay in full, you won’t pay a dime in interest, and a steep APR won’t be a problem at all.

Making the full monthly payment isn’t always possible. If that’s the case, prioritize cards with low APRs. You can also learn how to lower your interest rate on a credit card to reduce your monthly bills significantly.

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Look for bad credit cards with no deposit

If you don’t want to put down a deposit, you should focus your search on unsecured credit cards for bad credit.

Some issuers advertise guaranteed credit card approval with no deposit. Be cautious of cards that sound too good to be true. Guaranteed approval credit cards with no deposit often have unfavorable terms hidden in the fine print.

Consider alternative cards. No credit check credit cards with instant approval and no deposit are often secured by money in your bank account. You can spend money in the account as you like. It is not tied up like a traditional security deposit.

Prequalify for a credit card with no deposit

Many issuers let you prequalify with only a soft credit pull to gauge your chances of approval. Prequalifying is a smart first step when looking for a credit card with bad credit. You can then compare credit card offers and formally apply for the best one. 

Prequalifying does not guarantee your approval. It shows you what cards you are more likely to get, saving you from unnecessary hard inquiries.

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Evaluate the different card options

Once you are prequalified for multiple offers, compare them. Select the card with the fewest fees and lowest APR available. Ensure the issuer reports to all three credit bureaus and has a decent grace period.

Your credit limit is another factor to consider. Most credit card companies will start you off with a limit between $200 and $500, up to $700 in select cases. Credit cards with a $2,000 limit guaranteed approval will be difficult to find when you have bad credit.

A higher limit will make it easier for you to spend and keep your credit utilization ratio low. A low utilization rate is essential for building credit. Opt for cards with higher limits.

When comparing cards, prioritize those offering a $500 credit card limit with no deposit and no mandatory fees. These cards can help you build up your score without putting a dent in your wallet.

Avoid applying for too many credit cards at once

Each time you apply, a hard inquiry hits your credit report. Too many inquiries in a short period can damage your score and make qualifying harder. To avoid this, apply strategically. 

Only formally apply for one card at a time. Try to prequalify for that card before you submit your application.

If they deny your application, wait six months before applying again. The waiting period gives your score time to recover from the hard inquiry and show lenders that you’re not desperate for credit.

Receive your card

Credit card companies may approve your application in 60 seconds or a few weeks. They generally approve online applications faster when applicants fill them out accurately and completely. Federal guidelines require them to notify you within 30 days whether they approve or deny you.

Once approved, you should receive your card within 7 to 10 business days. If you are in a hurry, ask the issuer how long it takes to get approved for a credit card. Many issuers offer instant decisions and give you immediate access to a virtual card, but not all.

Bad Credit? Get $1,000 with No Deposit

Bad Credit? Get $1,000 with No Deposit
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Moneyfor rating Moneyfor’s ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card’s rates, fees, rewards and other features.
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Fees & Rates of Сards for bad Сredit

Annual Fee N/A
Intro APR N/A
Regular APR 10%
Credit Score Range 300-579
Monthly Fee $0

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Frequently asked questions

1. What is the easiest card to get approved for?

Secured credit cards, which require a security deposit, are the easiest to be approved for. You can find unsecured cards for bad credit that have lenient criteria.

2. What credit score do I need for approval?

Some companies offer unsecured cards to individuals with scores of 500 or less. These cards often come with lower limits, higher annual fees, and higher APRs. Your chances of approval increase when your score is 600 or higher.

3. Can I get a credit card without depositing money?

You can get a card without depositing money by opting for an unsecured credit card.

4. Can you get a credit card with bad credit and no money down?

You can get a card with a bad rating and no money down by choosing an unsecured card for bad credit. Second-chance credit cards and credit builder cards often have higher interest rates and extra fees.

5. Do all credit cards require a deposit?

The majority of credit cards are unsecured and do not require a deposit. Card issuers consider your credit score, report, income, and debt obligations to determine whether or not to approve you.

Bottom line

If you need an unsecured card and have a bad score, you are not out of luck. There are plenty of card issuers who have designed cards just for you.

When applying for a credit card for bad credit, concentrate on feasible choices. Prequalify before you apply, and always read the terms before you sign. Do not accept a card whose fees you cannot afford.

Once you have your card, use it responsibly. Pay on time every time and keep your utilization rate low. Follow those two rules to improve your score and move onto a card offering higher rewards and lower fees.

1. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.
2. Paycheck Advance is an earned wage access service and is not a loan or credit product.
3. Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC. The Current Visa® Debit Card, which may be issued by Choice Financial Group and/or Cross River Bank, and the Current Visa® secured charge card, which is issued by Cross River Bank, are all issued pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. A Current debit account is required to apply for the Current Visa® secured charge card. Independent approval required.
4. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
5. Debit card: Fees may apply, including out of network cash withdrawal fees, third-party fees, cash load fees, inactivity fees, account closure fees, international transaction fees, replacement card fees, express mail fees and escheatment fees.                                                                                                                                                       Build Card: Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.
6. The Current Visa® Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Current Visa® secured charge card is issued by Cross River Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your Card for its issuing bank. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.
7. Individual results may vary. Using your credit card responsibly may allow you to improve your credit score. Credit building depends on various factors, including your payment history, credit utilization, length of credit history, and other financial activities.
8. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
9. Funds held in Savings Pods are FDIC-insured on a pass-through basis up to $250,000 at our partner bank Choice Financial Group, member FDIC.
10. Actual overdraft amount may vary and is subject to change at any time, at Current’s sole discretion. In order to qualify and enroll in the Fee-Free Overdraft feature, you must receive $500 or more in Eligible Direct Deposits into your Current Account over the preceding 35-day period and fulfill other requirements subject to Current’s discretion. Negative balances must be repaid within 60 days of the first Eligible Transaction that caused the negative balance. For more information, please refer to Fee-free Overdraft Terms and Conditions. Individual Current Accounts only.
11. For eligible customers only. You may earn Points in connection with your Build Card purchases at retailers whose merchant code is classified as: Dining (e.g., restaurants) and Groceries (e.g., supermarkets) and by completing other actions that Current designates as subject to the Current Points Program. The amount of Points granted for different actions as well as the purchase requirements necessary to earn Points will vary, and is subject to Current’s sole discretion. After qualifying, please allow 3-5 business days for points to post to your Current account. Points will expire 365 days after they settle. For more information (including specific eligibility criteria), please refer to the Current Points Terms and Condition.
12. Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.
13. Boost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. No minimum balance required. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00%, the sum of your Eligible Payroll Deposits over a rolling 35-day period must be $500 or more, with at least one Eligible Payroll Deposit equalling a minimum of $200. For more information, please refer to Current Boost Terms and Conditions.
14. Your money is FDIC-insured on a pass-through basis up to $250,000 at each of our partner banks, Choice Financial Group and Cross River Bank, members FDIC.
15. Average value based on Fine Hotels + Resorts bookings in 2023 for stays of two nights. Benefits include daily breakfast for two, room upgrade upon arrival when available, $100 amenity, guaranteed 4PM late checkout, and noon check-in when available. Certain room categories not eligible for upgrade. $100 amenity varies by property. Actual value will vary based on property, room rate, upgrade availability, and use of benefits.
16. Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
17. The maximum benefit amount for Trip Cancellation and Interruption Insurance is $10,000 per Covered Trip and $20,000 per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
18. Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one- way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
19. Car Rental Loss and Damage Insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
20. Coverage for a Stolen or damaged Eligible Cellular Wireless Telephone is subject to the terms, conditions, exclusions, and limits of liability of this benefit. The maximum liability is $800, per claim, per Eligible Card Account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per Eligible Card Account per 12 month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
21. When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
22. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect Covered Purchases made on your Eligible Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The coverage is limited to up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Coverage Limits Apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
23. Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
24. The secured Chime Credit Builder Visa® Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.
25. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
26. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
27. There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.
28. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
29. Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.
30. Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.
31. On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.
32. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
33. SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your Visa debit card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.
34. Tipping or not tipping has no impact on your eligibility for SpotMe®.
35. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
36. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.
37. Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.
38. Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.
39. Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.
40. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.
41. MyPay is only offered in select states
42. To be eligible for MyPay, you must receive qualifying direct deposits to your Chime Checking Account as set forth in the MyPay Agreement. A qualifying direct deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”). Your MyPay Credit Limit and Maximum Available Advance may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 – $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply.
43. Not affiliated with Empower Annuity Insurance Company of America (www.empower.com).                              Not everyone will qualify. Offers range from $10-$300 for first-time customers; $10-$400 for all others. Offers are based on our eligibility requirements and can go up with on-time payments. In Feb 2025, the average offer was $95 for first-time customers; $187 for all others. Instant delivery is optional—see fees in Empower’s Terms.                              Empower offers a 14-day trial for first-time customers followed by an auto-recurring $8/month subscription fee. Cancel anytime.
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About the author

Author Elise Banham Elise Banham

Elise Banham is a financial writer at Moneyfor, specializing in credit building, budgeting, and personal loans. She joined the team in 2020 after writing for outlets including The Seattle Times, MarketWatch, and Bankrate. Earlier in her career, she worked as a content strategist for a San Francisco-based fintech startup.