Request a credit card for bad credit no deposit now
When you are looking for a credit card and have bad credit you can get one credit card for bad credit no deposit.
The conditions of this type of credit card “without proof of income” change according to the amount of credit granted and the risk policy of each lender.
Hence the importance that the entities that issue the plastics know the solvency capacity of each client, to define the credit conditions of the card they approve.
You just have to make sure you can make the return payment of the money you use and you can request the credit card you need without problems.
Cheaper credit cards
Credit cards are a safe and easy to get the product, valid both for financing your purchases and for putting at your disposal the amount of money associated with the limit you need at any given time. There is a wide variety of plastics that you can access according to your needs without paying an annuity, without having to have a good credit history and without presenting proof of income.
To help you find which type of card is best for you, we compare and analyze the best credit cards in Mexico.
Credit cards that do not charge an annuity
If your preference is to save more money, the most profitable credit card is the credit card without an annuity, which has no annual fees for renewal or maintenance.
To get the approval of your card without an annuity, you will need to prove that you have a good credit history, although the application requirements will be more or less demanding depending on the bank and the amount associated with the card you request.
In any case, before hiring a credit card without an annuity, it is advisable to pay attention to the small letter of the contract that you sign, and make sure that the free offer you hire has no time restrictions or the amount of money used.
Before hiring your credit card, make sure of its conditions and keep in mind that a card without an annuity is not always the cheapest.
To resolve any type of doubt about credit cards without an annuity, you can go to Consar and Condusef, reputable official bodies in this area.
Credit cards without the bureau
For the cases in which your credit history is negative and you are looking for a credit card while in a bureau, do not hurry, at this moment you have at your disposal credit cards that do not take into account your score or Score in the Credit Bureau that you will allow you to process your card without complications.
These are the guaranteed credit cards whose banks are going to require you to make a deposit of a certain amount of money as security for your payments.
The credit limit associated with non-bureau or guaranteed credit cards will depend on the amount of your guarantee, and it is common for people with a bad record to have less attractive conditions than clients with good scores in the bureau.
When processing a credit card while on a bureau, you get the opportunity to demonstrate to the bank that grants it what your solvency capacity is, being usual that after 6 months without problems with your return the bank will return the amount of the guarantee and you Allow to apply for a new credit card.
To choose the card option that suits you best, you will have to compare the credit cards without bureau available in the market and decide on the option that best suits your needs, and the economic capacity to make the payment of your return.
Whatever your situation in the Credit Bureau, do not forget to make responsible use of the credit card that you contract.
Card types: prepaid, debit and credit
When we analyze the best credit cards in Mexico we find offers and promotions adapted to all needs.
Below we differentiate between prepaid cards, debit cards, and credit cards and we explain how it works.
Prepaid cards: These types of cards differ from credit cards in that the money you use is limited only to the associated amount.
Money that you should not refund to any bank since it is an amount arranged by you, which has nothing to do with debit cards associated with bank accounts or deposits.
They are easy and fast cards to acquire since to obtain them it is not necessary to open an account in a bank, just load the money on your card and you would be ready to pay what you need.
Debit cards: this type of card differs from the rest, in the way of making your payments that would be charged directly to the bank account to which it is associated. In this case, the money we use is the property of the account holder, is limited to the total funds of the account.
Credit cards: being the holder of a credit card allows you to have a limit of money that the bank lends you that you can return in a deferred way, by paying monthly payments. This type of card grants a money loan that you can enjoy to finance your purchases or whatever you need.
Which credit card is best for me?
How we see there is an extensive typology of credit cards for different types of clients according to their financial needs.
In this way, depending on what your preferences are, you will be able to get credit cards for free or without an annuity, credit cards with discounts on your purchases, credit cards with low-interest rates or credit cards for frequent travelers.
The credit card that suits you best is the one that offers the best conditions according to your specific financing needs.
For this reason, before processing your credit card online, you should compare the entire offer at your disposal and make sure that you choose the most beneficial option for you in each case.
You can expand this information if you consult organizations such as Condusef (National Commission for the Protection and Defense of Users of Financial Services), which deals with the issue of credit cards and their convenience according to each case.
Credit card fees
The expenses associated with credit cards include the cost of commissions set by banks in concepts such as :
Commission for annuity or maintenance of the credit card: this commission applied once a year by the card issuing entity is related to the costs of maintenance and renewal of the card. Not all banks apply this commitment to their clients, to whom they offer the possibility of obtaining credit cards without an annuity.
Commission for disposing or withdrawing cash at ATMs: this is a percentage of commission on the amount of money you withdraw at ATMs that ranges between 1.5% and 10% respectively.
Commission for the inactivity of the credit card: the commission of inactivity is applied in the case of credit cards with few or no movements. The time set in each case to apply the commission and the amount thereof will depend on the type of card and its issuing entities.
Commission for delay or late payment of your fees: commissions for delay are applied in cases of non – payment of return fees. Keep in mind that this commission is not interest-free, so if you do not want to assume this cost, bear in mind the importance of meeting the payment of your installments.
Replacement of the plastic or request for a new credit card: in the event of theft or loss of your credit card, you will have to bear the cost of its new issue.
Before hiring a credit card, you must make sure of the commissions that its processing and maintenance entail, as well as the cost of the interests that apply in each case, all of which are included in the card’s conditions.
The application requirements that you must meet in order for a bank to approve your credit card application will depend on both the type of card you request and the risk policy of the bank that issues it.
To make sure what requirements are required in each case, you will have to check the financing conditions of the credit card you are interested in by accessing the website of the entity that grants it.
To help you find out which requirements are the most common, here are some of the conditions required by banks when you apply for a credit card :
- Have demonstrable income
- Have seniority in your job
- Have some time at your current address
- Good credit history (no arrears on your payments)
- Have another bank credit card
It is also common for you to be asked to meet a certain age range depending on the type of card you request, in addition to having a bank account at the entity you are going to.
In any case, we direct you to the financing conditions of each type of credit card, in which, in addition to finding the requested application requirements, you will find all the information on the type of card and its characteristics.
Advantages and disadvantages
Before applying for a credit card, you should evaluate the pros and cons of resorting to this type of financing and decide if it is the best option in your particular situation.
Here are some of the advantages of having a credit card:
- You can have the credit associated with your card when you need it (either to make purchases or withdraw cash).
- Possibility of repayment in installments: possibility of setting payment terms according to the available credit and the characteristics of the credit card.
- Enjoy promotions and discounts associated with the credit card: benefits in associated establishments, points program, etc.
We also provide you with some of the drawbacks of using a credit card:
- Assuming the cost of high-interest rates
- Assume the cost of commissions associated with your credit card: for maintenance, cancellation, delay in the payment of your fees, etc.
In relation to the costs of the cards, it is advisable to analyze the conditions of the type of card you need and take into account rates such as CAT, interest, and annuity among others.
How you see it is about you analyzing whether using a credit card is the most convenient for you according to your particular situation and making sure that the type of card you are requesting is the most suitable for you.
What happens if I don’t pay my credit card?
If you have plastic to finance your expenses or purchases, and you do not comply with the payment of your installments, your credit history will be affected, which implies increasing your debt level and having difficulty obtaining new credits.
In addition, if the default situation lasts more than 60 days, it is common for lenders to demand payment of the debt through collection offices, in charge of exerting timely pressure to comply with the payment more aggressive and demanding.
For this reason, use your card in a responsible way, and do not use your credit if you are not sure that you will be able to face the payments of the amount that you use with total ease for your finances.