Comparisons

Best No Buró Credit Cards of 2024

January 26, 2024

Below we will detail which could be the best options for you to find the best credit card without credit bureau of 2024 in Mexico; but before we start; we share with you a brief summary of the meaning of credit bureau. When we talk in Mexico about this topic, we find a financial term that is very common to hear, but at the same time, it tends to scare and/or confuse many Mexicans. But in reality, should we be afraid of this topic? not really, because if it is implemented properly, we can use it to our advantage and here we tell you why.

The credit bureau itself is a private company, which is directly authorized by the Ministry of Finance and Public Credit, with the help of the National Banking and Securities Commission and the opinion of the Bank of Mexico (Banxico); therefore, when we enter the credit world as an individual or company, we begin to make a certain history or credit bureau, in other words, when you start to acquire a mortgage, apply for a loan or apply for a card as an individual or company; you automatically enter the Credit Bureau. The credit bureau records in detail the payment behaviors you have had throughout your financial history. All this is issued confidentially, that is, only financial institutions that are affiliated to the credit bureau can access it and all this data is issued by companies that have credit facilities (e.g. department stores or automotive) or by financial institutions (e.g. banks, insurance companies, investment brokers).

Once we have all that information collected and issued by those companies, it starts to be reflected as numerical scores. So each of the decisions you make regarding the payment of your debts; will have a great influence on that score. And that is why it is of utmost importance; as previously mentioned, that you have a little more context with its meaning and what it entails, since you can use it to your advantage.

Keep in mind that before applying for a new loan or a new credit card, you should also be very clear about all the company's payment agreements. All this is so that you do not get a bad score for not paying them on time; in any case it is best to have a history that shows that you are a citizen who pays the companies on time and that your credit bureau shows an excellent credit history.

When we have a "bad" credit history due to defaults on our credit cards or simply because we do not have a previous history, it is possible that we may be denied the possibility of obtaining some credit cards in Mexico. However, all is not lost, as some banks offer the option of obtaining a new card without checking the credit bureau. These cards provide the same benefits as a traditional credit card and give you the opportunity to start building or improving your credit history. If you are looking for the Spanish version, click here. For loans or the best online options, click here!

Below, we share a list of the top bureau-free credit cards in Mexico that you can get.

The Best No Buró Credit Cards of 2024

Vexi American Express® Credit Card

Credito.com.mx rating
4.9/5
Apply now

Annual Fee

$0 MXN

Credit Line

$5,500 MXN at the beginning

Interest Rate

95.34%

Monthly Income

$5,000 MXN

Interest Free Months

Yes

Credit History

No bureau

BanCoppel Credit Card

Credito.com.mx rating
4.7/5
Apply now

Annual Fee

$0 MXN

Credit Line

From $400 MXN to $40,000 MXN

Interest Rate

59.90%

Monthly Income

$15,000 MXN

Interest Free Months

Yes

Credit History

No bureau

Stori Credit Card

Credito.com.mx rating
3.9/5
Apply now

Annual Fee

$0 MXN

Credit Line

Up to $10,000 MXN

Interest Rate

99.94%

Monthly Income

$0 MXN

Interest Free Months

No

Credit History

No bureau

Klar Credit Card

Credito.com.mx rating
4.1/5
Apply now

Annual Fee

$0 MXN

Credit Line

From $1,000 MXN to $30,000 MXN

Interest Rate

148.50%

Monthly Income

$0 MXN

Interest Free Months

No

Credit History

No bureau

Hey Banco Credit Card

Credito.com.mx rating
4.0/5
Apply now

Annual Fee

$0 MXN

Credit Line

From $1,500 MXN to $50,000 MXN

Interest Rate

46.00%

Monthly Income

$0 MXN

Interest Free Months

Yes

Credit History

No bureau

To summarize:

In Mexico, Buró de Crédito, an authorized private entity, records credit history when acquiring loans, mortgages or cards. This history is translated into numerical scores, influenced by payment behaviors, and is accessible only by affiliated institutions. Before applying for credit cards, it is crucial to understand payment agreements and maintain a positive history by paying on time. Despite a bad credit score, there are options for credit cards without credit bureau review, providing affordable alternatives for those seeking these services.

-Definitionof Credit Bureau:
It is a private entity authorized by the Ministry of Finance and Public Credit.
It registers the credit history when acquiring mortgages, loans or cards.
Payment behaviors are reflected in numerical scores, issued in a confidential manner.

-Importanceof Buró de Crédito:
The financial decisions you make directly affect your credit score.
Contextualizing the meaning and its functionality is vital to use it to your advantage; if other companies see that you pay on time, they can offer you more services and greater benefits.

-Tipsfor Maintaining a Good History:
Before applying for loans or cards, understand the payment agreements so that you have reflected in your history that you pay on time.
Timely payments are key to maintaining an excellent credit history.

With this guide, we offer you the best options to obtain credit cards online without the need to check your credit bureau, providing you with solutions even if your credit history is not perfect. Below we summarize some important points of the best options of online credit cards without credit bureau that exist in Mexico:

Vexi: Financial Freedom without Fees
The Vexi American Express Credit Card is an option with no annual fee for life. You don't need proof of income or credit history. With the #VexiCashback program, you get bonuses for your payments. Plus, the referral program and international acceptance make this card an attractive choice.

Stori: Quick and Easy Access
The Stori Master Card Credit Card offers a 99% approval rate with no credit history. With no annuity and a credit line of up to $10,000 MXN, it is ideal for those looking for a hassle-free card. With Contactless technology and full control through the app, Stori simplifies your financial experience.

Klar: No Strict Requirements
The Klar Credit Card does not require proof of income or credit history. With no lifetime annuity, it offers a 10% annual return while you build your credit history. Regulated by the CNBV, it provides security and the ability to graduate to an unsecured card.

Hey Banco: Rewards for Purchases
The Hey Banco Credit Card is an online option without checking the bureau. It offers cashback on your purchases and no annuity. Its online application process is fast and secure. With benefits such as contactless payment and the ability to protect your card from the app, Hey simplifies your daily transactions.

BanCoppel: Easy Access and Special Promotions
The BanCoppel Credit Card stands out for its no-cost annuity and acceptance at millions of merchants. You can get up to 2 additional cards free of charge and enjoy special promotions. No proof of income is required, making the process simple and accessible.

Benefits of the No Buró Credit Card

No bureau credit cards offer a unique opportunity for those seeking access to credit without the need for a previous credit history. This type of card is ideal for those who want to start building their credit from scratch.

Choosing Your First Credit Card

If you are considering getting a credit card for the first time, no-bureau options can be a great place to start. These cards provide the ability to manage credit with no credit history, which is critical for new users.

The Importance of On-Time Payments

Although these cards do not require a history, it is crucial to keep payments current. Responsible management of your credit card will help you build a positive credit history, opening doors to future credit.

Advantages of Online Credit Cards

The convenience of applying for and managing your credit card online is another advantage. The ease of access and control through digital platforms makes the management of these cards very practical and secure.

The Diversity of Options in the Market

Among the best credit cards with no bureau, you will find a variety of products to suit different needs. From cards with flexible credit lines to options with additional benefits, there is a card for every type of user.

The Vexi American Express Card is an example of how a financial product can be accessed without a previous credit history. This card offers an affordable line of credit and is ideal for those looking to start building credit.

The Future of No-Bureau Check Credit

The no bureau check credit concept is revolutionizing access to credit in Mexico. These options give more people the possibility to enter the financial world, even if they do not have an established credit history.

Innovation in Financial Products

Credit cards without bureau are just one example of how banks and financial institutions are innovating to offer more inclusive products. These options open the door to a new segment of customers.

Credit Cards for All

The reality today is that credit cards are increasingly available to everyone. Whether you are looking for your first credit card or a credit card with no bureau, there are options available for a variety of needs.

No Bureau Credit Card Requirements

Although these cards do not require a credit history, it is important to know the specific requirements for each one. Generally, official identification is required and, in some cases, proof of income.

How to Choose the Best Card for You

When comparing the best credit cards with no credit bureau, consider factors such as interest rate, credit line offered and additional services. This will help you choose the option that best fits your needs and financial possibilities.

Building Your Financial Future

Using a bureau-free credit card responsibly is a crucial step in building a solid credit history. This will allow you to access better credit options in the future, including home or business loans.

The Role of Banks in No Buró Cards

Banks in Mexico are playing an important role in offering affordable credit cards. By offering credit without bureau checks, they are facilitating access to credit for a greater number of people.

Getting to know Stori Cards

The Stori Credit Card stands out among the best credit cards for its ease of access and ease of use. With a high approval rate and no credit history required, it is an excellent choice for beginners.

Credit Cards and Financial Education

It is important that, when using a credit card without a bureau, you also educate yourself about financial management. Understanding how payments, interest and debt management work is essential for responsible use.

Credit Cards and the Mexican Economy

In Mexico, bureau-free credit cards are contributing to financial inclusion, allowing more people to access essential financial products. This has a positive impact on the overall economy.

Final Considerations

When choosing a credit card, remember that responsibility in its use is key. Even if you don't check the bureau, improper handling can lead to financial problems.

The Long-Term Impact of Your Choice

The card you choose today can influence your long-term credit history. Choose wisely and make sure the credit card aligns with your personal financial goals.

The Different Cards and Their Characteristics

Each no-bureau credit card has its own unique features. Some offer rewards programs, while others focus on low interest rates or high credit limits.

The Evolution of the Credit Market

The credit market in Mexico is constantly evolving. With new bureau-free credit cards entering the market, consumers have more options than ever to manage their finances.

Summary: Your Gateway to Credit

In short, bureau-free credit cards represent an important gateway to the world of credit for many people. With the variety of options available, finding the right card for your needs is easier than ever.

Regardless of which option you choose, common requirements include being of legal age and having a valid government-issued ID. Some cards may require proof of address for no more than 3 months; it all depends on the terms and conditions of each company. With this list you are more prepared to take the next step towards a new financial experience with no worries and no history. With the help of our platform that will guide you to compare different cards in Mexico, so you can find the best credit card without bureau of 2024.

About the author
Juan Guerreo

Juan Guerreo

Juan Guerreo loves eating ice cream and writing about finance