At MagnifyMoney we like to find deals no one else is showing, and we've searched hundreds of balance transfer credit card offers to find the banks and credit unions that ANYONE CAN JOIN which offer great 0% interest credit card deals AND no balance transfer fees.
You have probably received many of these offers in your mail: a credit card company offers you a 0% introductory interest rate if you transfer your existing credit card debt from another credit card company to the one offering the intro 0% deal.
Citi allows you to balance transfer debt (s) from credit cards, store cards, lines of credit and personal loans to a new Citi credit card.
Virgin Money also allows you to balance transfer debt(s) from personal loans, lines of credit, credit cards and most store cards when you apply for a new Virgin credit card.
Many credit cards offer the ability to transfer you other debts to that credit card by using the credit card to pay the balance of your other debt.
Some banks also offer loan against other bank's credit card through Balance Transfer on EMI where you can transfer the outstanding balance on other credit cards to one credit card and pay the EMI.
IMPORTANT INFORMATION IF YOU APPLY FOR A NAB HOME LOAN - If you qualify for the NAB Rewards Credit Card offer of 100,000 NAB Rewards Bonus Points for the NAB Rewards Signature card, or 60,000 NAB Rewards bonus points for the NAB Rewards Platinum card, or 30,000 NAB Rewards bonus points for the NAB Rewards Classic card, then your NAB Rewards credit card bonus points, will be awarded within 3 months of meeting the eligibility criteria.
Unsecured credit cards are regular" credit cards that don't require you to deposit any cash with the bank as collateral against unpaid debt: you're allowed to make purchases up to your credit limit, and can pay for your purchases over time although you'll typically pay high interest rates on any purchases you don't pay off in full each month.
While opening several secured credit cards does require you to tie up cash in the form of security deposits, secured credit rebuilding credit cards are some of the best credit cards for those individuals who are new to credit and have no credit/limited history or for those who are trying to rebuild their credit.
Answer: Although you may receive a credit line of just $100, consider a store credit card or, as already mentioned, a secured credit card (where you make a security deposit that is typically equal to the credit limit you will be extended by the card issuer) these options are the best opportunity to get a credit card for people who have no credit.
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