There are many different ways to build your credit. A secured credit card is one of the best ways to build credit. These cards come with a lower interest and more features. Also, you can try a student or starter creditcard. These cards can help build credit and improve credit scores.
Secured Visa(r), OpenSky(r), Credit Card
OpenSky Secured Visa (r) credit cards have a $35 minimum annual charge and do not require a credit review. You will be required to make a security deposit. This can range from $200 to $3,000 After your account closes, you will receive the security deposit back. 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 amount that you pay for security deposits determines the credit limit. You can choose a credit limit between $200 and $3,000, depending on your financial situation.
Capital One Platinum Secured
If you are looking to improve your credit, the Capital One Platinum Secured Visa Credit Card is a good choice. It has a low annual fee and requires a deposit of just $49 or $99, depending on the security deposit you choose. You can increase your credit limit by making more payments and improving your credit score. This card offers helpful tools to help you keep track on your payments and credit score.
Capital One does not require you to have a Social Security Number. This is particularly helpful for newcomers. You only need a form of identification to apply, such as a driver's license, and the company will consider increasing your credit line after six months of responsible use. Capital One doesn't charge any balance transfer fees. You can transfer your balance to other cards without paying fees. However, keep in mind that this card does not offer the best rewards or the cheapest balance transfer options.
Capital One Quicksilver Cash Reward Credit Card
People who are looking to simplify financial matters will find the Capital One Quicksilver Credit Card a good option. It does not have an annual fee and provides unlimited cashback. It's ideal for people who use their credit to buy flights and other items. It doesn't incur interest or offsetting charges.
This card should be applied for by applicants with good-to-excellent credit. Its rewards program offers a generous sign-up bonus, unlimited 1.5% cash back, and few redemption restrictions. Cashback can be redeemed to buy gift cards or cash. 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: This card is great for those who want to open a credit line without paying high interest rates or any fees. The card has no annual fee and doesn't charge fees for late payments or overspending. It doesn't charge foreign transaction fees making it ideal for travelers who often make international purchases. For eligible purchases, it also offers cash-back.
Petal 2 card comes with a tiered reward program. This means that the rewards you receive will increase in value as you use your card more often. Rewards start at 1% cashback but increase to 1.25 percent after six months and 1.5% thereafter. At certain merchants, you can earn as much as 10% cash back. You can also earn rewards by redeeming Petal Offers, which can earn you up to 10% cash back on eligible purchases.