subject: Can I apply for a Credit Card if I don't have a Bank Account? [print this page] Can I apply for a Credit Card if I don't have a Bank Account?
Can I apply for a Credit Card if I don't have a Bank Account?
Of course you can. There are companies like http://www.MBNA.co.ukthat" _mce_rel="nofollow" onclick="javascript:_gaq.push(['_trackPageview', '/outgoing/article_exit_link']);" href="http://www.mbna.co.uk/">http://www.MBNA.co.ukthat">http://www.mbna.co.uk/">http://www.MBNA.co.ukthat operate a massive credit card only sector. Even if your applying for a card from your local bank, nowadays you can easily get a card without the need to have a current account attached to it.
The best way to get your first credit card is to have a regular income to prove you can repay what you are borrowing, or to apply for a store credit card. You have many, many options to choose from when selecting a credit card. Make sure that you read all the small print so that you can make the best choice, whether it's a bonus scheme you are after or just a card that allows you to show off your sports team witha branded credit card.
You can visit the credit card company online for exclusive, time sensitive offers, which might actually make the process easier and a bit quicker. The internet has certainly improved life in several ways, and this is but one of them.
Why do you need a credit card? Well, you may not necessarily need one, but it helps in today's society to have one. It's easier to find a credit card to apply for when you know what you need it for. Do you travel a lot? Then you'll want to find a bonus scheme credit card deal (or even airline miles) for using it. Do you stay at or near home a lot? Then you won't need the airline miles, but the bonus points could come in handy for petrol offers or cash back deals. Look for all the different possibilities, then decide. Also, building up your credit history (starting with a credit card) will help you later on down the road when you want to purchase anything major, like a car or a house.
Make sure you read the fine print. I know -- it';s horrible and boring and time-consuming. But you will, hopefully, have whichever credit card you get for a lifetime, and a few minutes or hours of careful shopping will serve you well in the future. The credit industry is pretty big, with much competition that fuels many offers.
If you're the type that doesn't manage money well -- and there are more of us than people realize -- perhaps engage a close friend or a relative to help you and keep you accountable. Managing money is a learned skill, and over time, you can certainly learn how to do it. It does take patience, time, and a certain desire to change bad habits, but it's not impossible.
