Why Most Credit Card Companies Want You to Have a Strong Credit History
Your credit history to a credit card company is like your resume to a prospective employer. It provides an overall impression of how well you handle financial responsibility.
Traditional credit card companies place a lot of faith in your credit report. They want to see how long you've been using credit cards and how much debt you typically carry month after month. They also want to see if creditors have had to wait past the monthly deadline to receive their payments. In extreme cases, they look for any legal actions taken to recover debts.
When a credit card company looks at your credit report, they can determine if you are a good or bad customer.
How Some Companies Avoid Using a Credit Check
There's more to your financial history than your credit score. For example, the status of your bank account plays a significant role.
Your credit background may not be stellar due to some unfortunate incidents. However, if you have maintained a longstanding practice of saving a certain amount of your paycheck each week, you may have increased your bank balance significantly over time.
Would it not be great if credit card companies would consider your bank account? Fortunately, there are such card companies.
Cards Linked to Secured Bank Accounts
Secured credit card accounts could be your answer. They work relatively simply:
When you make a purchase, the card draws funds from your bank account.
The amount you have available for spending is the amount in your bank balance. For instance, if you have $250 in your account, you can spend $250 with your card at the cash register.
You can never go into debt or overspend.
Most companies offer instant approval.
The bunq Credit Card
An excellent example of a free credit card secured by your bank account is our bunq Credit Card. You can conduct transactions with any merchant that accepts credit cards.
You'll appreciate our bunq Credit Card if you have ever tried to rent a car using your debit card. Even hotels routinely reject debit cards because they want the safety that comes with credit cards.
If you do major damage to their car or suite, they can only initially recover as much money as you have in your bank account. But with a credit card, the car agency or hotel can pursue greater compensation.
Rental agencies and hotels want a deposit, which is a simple matter with our bunq Credit Card. The funds in your bank account go toward the deposit. This is similar to using a debit card for a deposit, but you're now using a credit card accepted worldwide, so the rental agency or hotel has no problem with it.
Order Your Credit Card with No Credit Check Today
Gain financial freedom by requesting our bunq Credit Card, and start booking your next holiday hassle-free! Order your bunq Credit Card with no credit check and get instant approval today. It only takes 5 minutes!
In addition to providing a solution for those who want to avoid the hassle of credit checks, bunq also offers various features that make it an attractive option for all users:
No hidden fees: With clear and transparent pricing, you'll never have to worry about surprise charges. In other words, bunq gives you all the benefits of a true credit card, for free, without the risk of going into debt.
Use it instantly: You can get our bunq Credit Card in just 5 minutes. Simply download the bunq app and follow the steps. Once you've signed up for a bunq account, you can instantly add your free credit card to Apple Pay or Google Pay, so you can make easy payments with your phone everywhere you go.
Real-time notifications: Stay on top of your spending with instant notifications for every transaction made.
Download our app now and experience the future of banking!
