There are several options for obtaining a credit card with no money down and for individuals with poor credit. Unsecured credit cards for bad credit can help borrow money for emergency expenses without a security deposit when credit is damaged. Examples of such cards include the Surge Platinum Mastercard, which offers a credit limit that can double up to $2,000 if the first six monthly minimum payments are made on time. Additionally, there are credit cards specifically designed for people with no credit history, such as the Capital One Quicksilver Secured Cash Rewards Credit Card, which offers an impressive combination of features for those with poor credit. A security deposit is required for this card, but it offers a $0 annual fee.
Another option for individuals with poor credit is to consider a second chance credit card, such as the Capital One QuicksilverOne Cash Rewards Credit Card. This card offers unlimited 1.5% cash back on every purchase and may still be available to those who have defaulted on one loan in the past five years, although other negative credit report items could make it difficult to get approved. It's important to note that these types of credit cards may come with higher interest rates and fewer rewards than credit cards for individuals with better credit. Additionally, some credit cards may not require a bank account, such as the OpenSky Secured Visa Credit Card, which is available to unbanked individuals who meet certain requirements.