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In light of the fact that multiple failed credit card applications are bad for your credit, blindly applying for a store card isn’t a wise play.

You should therefore avoid store cards in the early stages of credit building and instead stick to credit cards specifically targeted to people that are new to credit.

Your ultimate goal in using a no credit credit card is building credit as efficiently and cost-effectively as possible.

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Credit cards for people with no credit history differ from other credit cards in two ways.

First, the underwriting standards that banks use are specifically geared toward applicants with thin credit files or no credit information to speak of.

Second, the terms offered by these cards lie somewhere in the middle of those provided by their bad credit and good credit counterparts.

Banks are willing to give the benefit of the doubt to people using credit cards for new credit and therefore offer decent rates and fees, but their generosity only extends so far.

Unsecured credit cards for people with no or limited credit are for everyone else that is new to credit and usually have higher rates and fees.

Secured credit cards are available to literally anybody, even people with poor credit, because they require a refundable security deposit that protects issuers against default.

So if you don’t think you’ll be able to pay your bill on time every single month, just lock your card in a drawer.

It’s also important to note that while many people assume otherwise, “credit cards for no credit” and “credit cards for limited credit history” are actually the same products.

The distinction is that someone with limited credit would most likely get approved for a higher credit line and a lower APR.

Whichever category you fall into, make sure to compare all of the following options (some of which are from Wallet Hub advertising partners) in order to begin your credit career on sound financial footing.

All three types of credit cards for no credit will report to the major credit bureaus and thereby help you build up your credit standing.