There are a variety of ways to build credit. One of the easiest ways is to apply for a secured credit card. These cards offer lower interest rates and have 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.
OpenSky(r) Secured Visa(r) Credit Card
The OpenSky Secured Visa(r) credit card has a minimum annual fee of $35 and does not require a credit check. You will be required to make a security deposit. This can range from $200 to $3,000 After the account is closed is closed, the deposit will return to you. This reduces risk for the lender but does not adversely impact your credit score.
OpenSky Secured Visa® credit card lets you choose your credit limit. The amount that you pay for security deposits determines the credit limit. You have the option to choose between $200 and $3,000 depending on your financial situation.
Capital One Platinum Secured
For those looking to improve their credit score, the Capital One Platinum Secured Card Credit Card is a great 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. The card also has helpful tools that help you keep track of your payments, credit score, and available credit limit.
Capital One doesn't require you to have your Social Security number. This is especially beneficial for anyone who is new to the country. Only a form of ID is required to apply. Capital One will then consider increasing your credit after six months. Capital One does not charge balance transfer fees, so you can transfer your balance to another card without worrying about fees. The card is not the most rewarding or offers the best balance transfer options.
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver® Cash Rewards Credit Card is a great choice for those who wish to simplify their financial lives. It does not have an annual fee and provides unlimited cashback. This is an ideal option for those who use their credit cards to purchase many items, such as flights or dining out. It has no interest charges and there are no offset expenses.
This card is for applicants with excellent to good credit. Its rewards program provides a generous signup bonus and unlimited 1.5% Cash Back. There are also few redemption restrictions. Cashback can be used to purchase gift cards, cash, and 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 doesn't have an annual fee and it doesn't charge any fees for late payments. You won't be charged foreign transaction fees and it is ideal for anyone who makes frequent overseas purchases. It also offers a cash-back program for eligible purchases.
Petal 2 cards offer a tiered rewards program. As such, you will receive higher rewards for longer periods of time. The rewards start at 1.5% cash back and increase to 1.25% in six months. After twelve months, they rise to 1.5% and 1.5% respectively. At certain merchants, you can earn as much as 10% cash back. Redeem Petal Rewards to receive rewards. This can allow you to earn as much as 10% cash back on certain purchases.