5 Credit Cards That Help Build Credit
When you do not have a great credit history, applying for a credit card and getting the application approved can be difficult. Credit cards can offer a simple way to build credit, but only if you use them responsibly. Here are five credit cards that can help you build your credit history:
1. Petal 2 Visa Credit Card
This is one of the best credit cards to build credit. One of the features that work in your favor is that you don’t need a credit history to apply for this card. While there are no fees whatsoever, the credit limit on this card ranges from $500–$10,000. Petal also offers a one percent cashback on eligible purchases and up to 1.5 percent cashback if you make all your payments on time.
2. Discover it Secured Credit Card
This is a card that offers quite a few generous offers as you sign up. Apart from a great cashback program, their welcome bonus is better than most others. You need to pay a minimum security deposit of $200 for this card, which has a credit limit of up to $2,500. In the eighth month, Discover will review your profile to see if they can graduate you to an account that requires no security deposit.
3. Discover it Student Cash Back Credit Card
This is a great starting card for students. To begin with, it has no annual fee. Cardholders can earn a five percent cashback on their purchases at several outlets (online and otherwise). Apart from this, you can enjoy rewards for good grades too. These features make it one of the best credit cards that help build credit.
4. Capital One Secured Mastercard
One of the most attractive features about a credit card is the absence of an annual fee. Capital One offers the convenience of building your credit while enjoying numerous benefits. This card comes with no annual fee; you have the option of a refundable deposit if you spend wisely, and there is no payment fee if you are making a purchase outside the country. What makes it one of the best credit cards to build credit is the possibility of automatically getting a higher credit line in as little a duration as six months.
5. Deserve Digital First Card
This is one of the simplest credit cards to apply for. There is no annual fee attached to it. You do not need a prior credit history or deposit. Similarly, no fee is charged when you purchase anything outside the country. Further, if you are approved, then you can receive rewards that go up to 1.5 percent.
There are many credit card companies, and therefore a ton of choices. However, the smart thing to do is to apply for cards that suit your purchasing habits. Further, unless you use them judiciously, you may not be able to build your credit.