There are a variety of ways to build credit. One way to get credit is to apply for a secure credit card. These cards are available at a lower interest rate and often come with better features. Also, you can try a student or starter creditcard. These cards can help you build your credit and improve credit scores.
OpenSky(r) Secured Visa(r) Credit Card
OpenSky Secured Visa (r) credit cards have a $35 minimum annual charge and do not require a credit review. However, you will need to provide a security deposit, which can be anywhere from $200 to $3,000. After the account has been closed, the deposit will be returned to you. This reduces the risk for the lender and doesn't negatively affect your credit score.
You can choose your credit limit with the OpenSky Secured Visa(r) credit card. Your security deposit will determine your credit limit. You can choose a credit limit 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. You will pay a low annual fee, and you'll need to deposit $49 or $99 depending on your security deposit. The credit line of this card will grow as you make regular payments and your credit scores improve. This card has useful tools that will help you track your payments, credit score, available credit limit, and other financial information.
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 doesn't charge any balance transfer fees. You can transfer your balance to other cards without paying fees. This card doesn't offer the best balance transfer options or the highest rewards.
Capital One Quicksilver Credit Card Cash Rewards
People who are looking to simplify financial matters will find the Capital One Quicksilver Credit Card a good option. It is free of annual fees and gives unlimited cash back. It's ideal for people who use their credit to buy flights and other items. You don't have to pay interest or offset expenses.
This card is for applicants with excellent to good credit. Its rewards program offers a generous sign-up bonus, unlimited 1.5% cash back, and few redemption restrictions. Cash back can be redeemed for gift cards, cash, or statement credits. It's especially helpful for those who spend a lot at restaurants and gas stations.
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 comes with no annual fees and does not charge overspending fees. It doesn't charge foreign transaction fees making it ideal for travelers who often make international purchases. You can also get cash back on eligible purchases.
Petal 2 card offers a tiered rewards system. You will earn progressively greater rewards for each month you hold your card. The rewards begin at 1% cash back, but they will increase to 1.25 after six and twelve months. 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.