Though the economy seems to be well on its path to recovery, people with no credit history or those with limited credit history still find it tough to find the right type of credit cards to help them build an enviable credit history that can get them various benefits and perks. The silver lining for such people is present in the form of credit card from certain banks that are willing to take the risk and give them a chance to work their way to better finances.
The Cash Rewards Card for Newcomers from Capital One has been designed for people without credit history. This is an unsecured credit card that offer cash back rewards for purchases made on it. All transactions on this card are promptly reported to the three main credit bureaus in the country to help generate your credit score. This card does not have an annual fee and there are no transaction charges levied for using it overseas. Using this card for travel related purchases will entail customers for 2 percent cash back. There is 1 percent cash back for all other purchases made using the card.
The Pink Ace Elite is a Visa prepaid card that is available for people with limited or no credit history. There is no background check conducted prior to issuing these secured credit cards. A part of all purchases made using this card is set aside for breast cancer detection and awareness programs.
