You can apply to for a variety of credit cards. Some cards can be used for those with poor credit, while others may be suitable for those with better credit. Some cards are secured, which means you have to make a refundable security deposit before being approved. There are also student credit card options.
Bank of America Credit Card: Travel Rewards for Students
The Bank of America Travel Rewards credit card for students is a great option for anyone who wants to improve their credit score. There is no annual fee, and you can earn unlimited 1.5 points for every dollar spent. It does not have blackout dates nor restrictions on baggage fees or airline fees. Sign up bonuses of 25,000 points can be earned, which can be redeemed for $250 in travel.
Students can check their credit score online when they apply for this credit-card. They will be able to see what factors affect their credit score. In addition, they can track their recent score and compare it to national averages. This is especially helpful when you are moving from college to work. A higher credit score will improve your chances of getting approved for your first apartment and scoring the best credit cards.
Foreign transaction fees should not be overlooked by students. These fees can quickly add up, especially if your studies are abroad. If students make $1,000 in purchases within 90-days of opening an account, they can still be eligible for the $200 signup bonus. This credit card offers the flexibility to customize your rewards. Cash back can be chosen from a variety of categories once per month. You can earn 1.5 points for every dollar you spend on gas, groceries, dining and home improvements.
Discover it Secured Card Credit Card
It is a smart way to build credit. This card offers a good cash-back program and a generous welcome bonus. After seven months, the card can be easily converted to an unsecured card. You can build your credit while still paying your bills on time.
For the Discover it Security card to be opened, you'll need to provide a $200 security deposit. This is in the middle category for secured credit accounts. Keep in mind, however, that after six months you will need to pay a balance-transfer fee of up five percent of the transferred amount. However, this fee is very reasonable when compared to the benefits of this card.
The Discover it Secured card also comes with a generous welcome bonus. The company will match $200 of the cash you earn during your first year. That's great, because if you pay your bill on time every month, your credit score will improve.
Petal 2 Visa Credit Card
Although the Petal 2 Visa Credit Card is not the best card to build credit, it is a great choice if you are looking for a card with zero fees and rewards for purchases. You get 1.5% cashback on eligible purchases and no annual fees. It's designed specifically for those with bad to fair credit.
Petal 2 Visa Credit Card Application: Keep in Mind that issuers will conduct a credit check. This will be done based on your bank history and digital financial records. An applicant with poor credit history will most likely be turned down. You'll want to pay off the balance in full before the due date so you don't incur any interest charges.
Petal 2 Visa Credit Card helps you build credit long term. It offers features such as budgeting and credit monitoring. It's also a good choice for a first card, and it's designed specifically for people looking to build credit.