An increasing issue many are facing is finding a credit card when their credit is less than ideal or maybe even nonexistent. Without the proven ability to pay the money back to a lending institution, banks are hesitant to approve individuals for any type of card, let alone a credit card.
This is a concern for many who are trying to build their credit, but not have the tools or the means to do so without first obtaining one of these cards. A great alternative CC for bad credit and a CC for no credit is the READYdebit Visa card, which has features designed for individuals in this situation specifically.
Why is it a Good Choice for Someone with Little to No Credit?
This card has several features that make it great for those with little or no credit:
- No credit checks
- Free direct deposit
- ATM cash access
To start, the READYdebit Visa card requires no credit checks to be approved. This is the main reason why many are unable to obtain a traditional credit card, so this card automatically has a leg up on the competition, however, it also requires no minimum balances to remain active.
By having no minimum amount that needs to remain in your account, this card is perfect for those with low or potentially inconsistent incomes. Featuring free direct deposit, READYdebit Visa makes it easy for you to get money in your account for use with the card. It also allows you ATM cash access so you can easily access the money after it has been deposited as well.
What are the Benefits if it’s Not a Credit Card?
This particular Visa card is not a credit card, which means you will not be borrowing money from anyone exactly, but it does allow you to have access to your money through a card. This, therefore, allows you to utilize features such as online bill payment systems for things like electricity, gas, and internet bills. These are all processes that can help build your credit and assist you in getting a credit card in the future, which is another reason why this is a great alternative CC for bad credit or alternative CC for no credit.Using a card rather than cash has also been proven to be safer. If you lose your card, it can easily be canceled. On the other hand, lost cash can rarely be replaced or recovered. The Visa Zero Liability policy also protects your card from unauthorized charges should it be lost or stolen.
READYdebit Visa Select
The READYdebit Visa Select card works with you to serve as a great checking account alternative. It’s an easy card to sign up for, providing you with your routing number and account number instantly. This helps because it also comes with free direct deposit and both of these pieces of information will be necessary when setting that up. This direct deposit feature is great to ensure your paychecks or even your social security benefit checks are immediately deposited into your account
No time is lost waiting for those checks to arrive or for the funds to become available after you’ve deposited them. Sometimes you might not want to deposit all of these checks, however, the card allows you to withdraw the funds you desire from an ATM or to get cash back with purchases too. This makes it very simple to do what you want with your money, in contrast to a lot of cards like this that can impose many limitations on transactions both in stores and at ATMs. As a prepaid card, the money on it is still entirely yours, and you should be able to use it like it is too.
Great Card for Children and Teenagers
The READYdebit Visa Select isn’t just for adults with bad credit or a CC for no credit, it’s also great for a parent to give to their child to help control the child’s spending as well. You can load money onto the prepaid card at over 60,000 stores, or even transfer money to it from a regular bank account. It can be the perfect way to provide your children with an allowance or to better control how much your teens are sending out when they borrow the car to hang out with friends or go out to eat or to the movies with a group of kids from school. Doing this early on can also help build the importance of proper and responsible spending in their eyes to help them better understand it in the future. This will help them avoid a lot of the pratfalls that lead to poor or no credit. These cards are a great option for those who want the benefits of a credit card without the ability to obtain one. They offer many of the same features, like direct deposit, a more secure form of payment, and the online banking convenience.