Can You Get a Credit Card With No Deposit?

Key insights:

• Credit cards with no deposit are typically unsecured credit cards and are available to applicants with established credit
• Learning how to get a credit card with no security deposit starts with understanding your credit and available options
• Tools like credit checks and pre-qualification can help you apply for a credit card with no deposit more confidently

If you’re new to credit or looking for your next card, the number of choices can feel overwhelming. Most credit cards fall into two main categories: secured and unsecured.

If you’re searching for a credit card with no deposit, you’re likely looking for an unsecured credit card.

Most credit cards are unsecured, which means they don’t require a security deposit. Applicants are evaluated based on factors like credit history and income, so they can be harder to qualify for than secured credit cards – especially if you’re new to credit cards.

Here's what you need to know about qualifying for secured and unsecured credit cards.

What is a credit card with no deposit?

A credit card with no deposit is an unsecured credit card. Unlike secured cards, these cards do not require a refundable security deposit to open the account. Approval is based on factors such as your credit history, income and overall credit score.

Because there’s no upfront deposit, unsecured cards often require stronger credit than secured cards, especially if you’re just starting out.

What credit cards require a deposit?

Only secured credit cards require a security deposit. A secured card deposit is usually equal to your credit limit and helps reduce risk for the issuer. These cards are typically designed for people who are building or rebuilding credit.

You can use a secured card like any other credit card, including making purchases, receiving monthly statements and paying at least the minimum payment due. Responsible use, such as paying on time and keeping balances low, may help build your credit over time.

What credit cards don’t require a deposit?

Unsecured credit cards do not require a security deposit. Most credit cards fall into this category, including many cards designed for everyday spending, travel or balance transfers.

Common types of credit cards with no deposit include:

• Travel credit cards
• Cash back credit cards
• Rewards credit cards
• Balance transfer credit cards
• Store credit cards

From building credit to earning rewards, unsecured cards offer a wide range of features depending on your financial goals.

How to get a credit card with no deposit

If you’re wondering how to get a credit card with no deposit, the right approach depends on your credit history and current situation.

Apply for an entry-level unsecured credit card

If you already have some credit history, you may qualify for an entry-level unsecured credit card. These cards may offer fewer perks, but they can help you build credit and open the door to more options later.

Become an authorized user

Becoming an authorized user on someone else’s credit card allows you to benefit from their account history. If the primary cardholder uses credit responsibly and the issuer reports authorized user activity, this approach may help strengthen your credit profile and improve your chances of qualifying for your own credit card with no security deposit.

Work on your credit before applying

If time allows, improving your credit can increase your approval odds. Making on-time payments, lowering balances and limiting new credit applications can all support stronger credit over time. Some people also choose to report rent payments through eligible reporting services.

How to apply for a credit card with no deposit

Once you’re ready to move forward, understanding how to apply for a credit card with no deposit can help set expectations.

Approval for an unsecured card depends on the issuer’s criteria, including your credit history and income. Checking your credit beforehand may help you target cards that better match your profile. Some issuers also offer pre-qualification tools, which let you explore potential options without a full application.

When you apply, you’ll typically provide your full legal name, Social Security number or individual taxpayer identification number and gross annual income. Applications are often available online, in person or by phone. The process is similar to applying for a secured card except you won’t be asked for a deposit.

When a secured credit card may make sense

If qualifying for a credit card with no deposit isn’t an option right now, a secured credit card may still be a useful step. Secured cards can help establish or rebuild credit and may lead to unsecured card opportunities over time. Some secured cards even review accounts for possible upgrades after consistent, responsible use.

Disclosure: This article is for educational purposes. It is not intended to provide legal, investment, or financial advice and is not a substitute for professional advice. It does not indicate the availability of any Citi product or service. For advice about your specific circumstances, you should consult a qualified professional.