Before a classic credit card with a credit line is issued, the applicant’s creditworthiness is usually checked. If the credit report request is negative, the credit card application is usually rejected. A prepaid credit card is the best solution to get a credit card without a credit report exam.
A credit card without credit report is also available with a poor credit rating
A prepaid credit card can also be applied for by consumers whose credit rating has deteriorated or who no longer receive a credit line after losing their job. The credit card issuers issue these cards without prior credit report information. The credit card without credit report can also be used in conjunction with a credit account.
The difference to the classic credit card
The difference to a regular credit card is that no credit line is provided. With a classic credit card, payment amounts are first deferred and later settled by the cardholder.
However, since no credit without credit report is generally granted in Germany, the credit card without credit report is based on the credit principle. Before use, the cardholder loads credit onto the card, similar to a prepaid card for cell phones. He can then access this credit when shopping, in a restaurant or for cash disposals worldwide. Because the cardholder can only dispose of the credit that he previously loaded onto the card, a credit report query is unnecessary. After all, there is no risk of default.
A disadvantage of the credit card without credit report is that rental cars and hotels can often not be paid with prepaid credit cards, but only with classic cards.
Who is the credit card without credit report for?
Since the credit report-free credit card is a prepaid credit card that does not offer a classic credit function, it is suitable for anyone with credit report entries or a poor credit rating. In addition to job seekers recipients, these can also be pupils and students with low incomes.
By not using a credit line, it is also suitable for minors. Classic credit cards are out of the question for them, as they must be of legal age to apply for credit. With the prepaid credit card, minors can practice using money or credit cards. Since only your own previously loaded credit can be used, there is no risk of indebtedness due to excessive use of the card. With prepaid credit cards, pay attention to the annual costs
Prepaid credit cards are available from both Visa and MasterCard. However, with this card type, the annual fees must be taken into account. For a credit card without credit report, annual fees are usually due, which vary depending on the provider. In our credit card comparison, you can search for prepaid cards using the filter settings and then easily compare the costs of the different offers.