Best Credit Cards to Build your Credit
As an adult, you need credit for almost everything. A major part of growing up is building your credit and being able to rent an apartment or buy a car without your parent’s help. Knowing where to start can be intimidating, so here are some of our favorite credit cards to get you started.
Discover it® Secured Credit Card
The Discover it® Secured Credit Card is one of the best credit cards for starting out. This is a secured card, which works more like a debit card but builds your credit at the same time.
The minimum beginning deposit is a $200 refundable security deposit that equals your line of credit. There’s no annual fee on this card and you can also earn 2% cash back at gas stations and restaurants up to $1000/quarter and 1% on all other purchases.
Petal® 1 “No Annual Fee” Visa® Credit Card
The Petal® 1 “No Annual Fee” Visa® Credit Card is a strong choice for anyone starting out building credit that doesn’t have access to large amounts of disposable income for a secured credit card.
This card has a $0 annual fee and credit limits that range from as low as $300 to $5000. You can be eligible for a credit increase in as few as 6 months with on time payments.
Chase Freedom Rise Credit Card
The Chase Freedom Rise Card is another excellent choice for those starting out. You can earn a $25 statement credit just by signing up for automatic payments.
On-time payments are one of the biggest contributors to your credit score so setting up automatic payments allows you to be set up for success!
Chase also provides incredible resources for learning about how to improve your credit score with Chase Credit Journey, a free resource for those with this card.
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