Credit cards can be a nuisance unless you know how to use them.  Many residents in the UK and US have been suffering from debt because they let credit cards get out of hand.  If you are new to the credit card industry there are a few things you should consider before applying for a card.  You don’t want to get caught in the trap by unwise moves.  Being forewarned means you can use the cards to your advantage.  Below we have listed some no credit visa cards available in the industry today.  We will be looking at the APR, introductory offers, annual fees, balance transfers and the type of credit you must have. 

With no credit visa cards you will find that they offer these deals to almost anyone.  These cards are for students or others that have yet to establish any history to be reported to the credit bureaus.  Unfortunately establishing credit is a necessary step to getting great car loans and mortgages.  Credit cards are the easiest way to establish some form of credit.

The Capital One Platinum Visa is a no credit visa card or a card if credit needs improvement.  This card will offer you a zero percent introductory rate until June 2008.  There is an annual percentage rate of 14.40% and an annual fee of 19 dollars.  You can make balance transfers with this card.

Total Visa Cards is also a no credit visa card.  They do not have an introductory period and they offer cards to anyone with little credit or no credit.  This card has a 19.92% interest rate and annual fee of 48 dollars.  They do not allow for balance transfers.

Vision Premier is a prepaid visa card for no credit.  This means they have a start up fee, a weekly fee, and activation fee, unless you use direct deposit.  If you use direct deposit there will be no annual, monthly, or activation fee.  This type of card seems like the best if you have no credit.  It actually works more like an ATM card in which you must have a balance they deduct from in order to use the card.  If, there is no money in the account the card is not usable. 

Of the cards you have seen above there are definitely more to choose from and the options will vary.  These three just give you an idea of what could be an option.  The first card mentioned has the lowest rate for APR as well as annual fee and offers a bit more than the other credit card.  If you want something a little different and more controlled the prepaid option is the best of all three though it defeats the purpose of paying for something at a later date it does help you build credit for low to no fees.  What you really want is to find a card with a low APR and no annual fee.  There are some cards like Discover out there that have offered those options in the past.