There are many different ways to build your credit. One of the easiest ways is to apply for a secured credit card. These cards come with a lower interest and more features. You can also try a starter credit card or student credit card. These cards can be a great way to build credit and help you improve your credit score.
Secured Visa (r) Credit Card from OpenSky(r).
The OpenSky Secured Visa(r) credit card has a minimum annual fee of $35 and does not require a credit check. 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 reduce the risk to the lender, and it does not adversely affect your credit score.
With the OpenSky Secured Visa(r), you can set your credit limit. Your security deposit will determine your credit limit. Your financial situation may dictate which credit limit you choose.
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 charges a low annual cost and requires a $49-$99 security deposit depending on which option you select. You can increase your credit limit by making more payments and improving your credit score. This card has useful tools that will help you track your payments, credit score, available credit limit, and other financial information.
Capital One does not require you to have a Social Security Number. This is particularly helpful for newcomers. 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 transfers fees. This means that you can transfer your balance directly to another card. You should keep in mind, however, that this card may not offer the best or cheapest balance transfer options.
Capital One Cash Rewards Credit card
The Capital One Quicksilver Cash Rewards Credit card is an excellent option for people who want to simplify their financial lives. It is free of annual fees and gives unlimited cash back. It is ideal for people who use their credit card to buy many things, including flights and dining out. You don't have to pay interest or offset expenses.
This card is best for applicants with good to exceptional credit. Its rewards program offers a generous sign-up bonus, unlimited 1.5% cash back, and few redemption restrictions. Cashback can be used to purchase gift cards, cash, and statement credits. It is especially valuable for people who frequently spend money at gas stations or restaurants.
Petal 2 Visa Credit Card
Petal 2 Visa Credit Card is an excellent option for those looking to open credit cards without high interest rates and fees. The card does not have an annual fee. There are no late fees or overspending fees. 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 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. 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. Some merchants offer up to 10% cashback. Redeem Petal Offers to earn rewards. These can give you up to 10% cashback on eligible purchases.