7 Ways to Build Credit Without a Credit Card

A credit card is how many people build their credit. Unfortunately, not everyone can get approved for one due to poor or no credit history.

Consider a secured credit card as a cousin of an unsecured credit card and an excellent way to learn how to build credit without a credit card.

1. Secured Credit Card

2. Credit Builder Loan

A credit builder loan should help establish better credit limits on a future credit card account, earn a better interest rate, or receive better overall terms on credit.

3. Authorized User Status

Suppose you become an authorized user on someone else’s credit card account. In that case, the credit card issuer will send a card to the primary cardholder with your name.

4. Alternate Payment History Appearing in Your Credit Report

A person’s credit history relies on traditional forms of debt repayment and credit accounts factoring into their score: - revolving loans - installment loans -student loan payments

5. Co-Signers on Credit Products

Co-signer cards usually only list the primary cardholder as the account owner. Both face legal responsibility for making payments, and the debt appears on both users’ credit reports.

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