There are many ways to build credit. One of the easiest ways is to apply for a secured credit card. These cards come with a lower interest and more features. A student credit card or starter credit card is also available. These cards can help you build credit and improve your credit score.
Secured Visa(r), OpenSky(r), Credit Card
OpenSky Secured Visa® credit card requires no credit check and has a $35 annual minimum fee. You will still need to deposit a security fee, which can range between $200 to $3,000. The deposit is returned to you after the account is closed. This helps to reduce risk and does not affect credit scores.
OpenSky Secured Visa (r) credit card allows you to choose your credit limit. The credit limit is based on the amount of security deposit that you pay. Your financial situation may dictate which credit limit you choose.
Capital One Platinum Secured
The Capital One Platinum secured credit card is an excellent option for anyone who wants to build their credit. It has a low annual fee and requires a deposit of just $49 or $99, depending on the security deposit you choose. The credit line on this card will also grow as you make payments and your credit score improves. You can also use the card's helpful tools to keep track of your credit score, payments, and credit limit.
Capital One does not require you to have a Social Security Number. This is particularly helpful for newcomers. For application, all you need is a form or identification of identification. The company will increase your credit limit after six months of responsible usage. Capital One does not charge balance transfers fees. This means that you can transfer your balance directly to another card. The card is not the most rewarding or offers the best balance transfer options.
Capital One Quicksilver Rewards Credit Card
People who are looking to simplify financial matters will find the Capital One Quicksilver Credit Card a good option. There is no annual fee and unlimited cash back. It is perfect for people who use the credit card to purchase many things such as flights and dining out. It has no interest charges and there are no offset expenses.
This card is only for those with good to excellent credit. Its rewards program provides a generous signup bonus and unlimited 1.5% Cash Back. There are also few redemption restrictions. Cash back can be redeemed for gift cards, cash, or statement credits. It is particularly helpful for people who spend a lot on gas stations and restaurants.
Petal 2 Visa Credit Card
Petal 2 Visa Credit Card, a great choice for anyone looking for a low-interest credit card with no fees or high interest rates. The card does not have an annual fee. There are no late fees or overspending fees. The card does not have foreign transaction fees. This makes it great for people who make frequent purchases abroad. For eligible purchases, it also offers cash-back.
The Petal 2 card has a tiered rewards program, which means that you will get progressively higher rewards the longer you have your card. Rewards start at 1% cashback but increase to 1.25 percent after six months and 1.5% thereafter. You can also earn up to 10% cash back at certain merchants. You can also earn rewards by redeeming Petal Offers, which can earn you up to 10% cash back on eligible purchases.