Best Starter Credit Cards. Selecting the best starter credit card depends on your individual financial situation and credit history. Starter credit cards are typically designed for people with limited or no credit history, so they often come with lower credit limits and fewer rewards compared to premium credit cards. Here are some good options to consider:
Best Starter Credit Cards
- Discover it® Secured Credit Card: This card is an excellent choice for those with no credit or a limited credit history. It’s a secured credit card, meaning you’ll need to provide a security deposit, but it reports to the major credit bureaus and offers cashback rewards.
- Capital One Platinum Credit Card: The Capital One Platinum is designed for people with average or limited credit. It doesn’t offer rewards, but it can help you build or rebuild your credit.
- Petal® 2 “Cash Back, No Fees” Visa® Credit Card: Petal 2 is a no-annual-fee card that doesn’t require a security deposit. It’s designed for people with limited credit history and offers cashback rewards.
- Discover it® Student Cash Back: If you’re a student, this card is a great option. It offers cashback rewards and benefits designed with students in mind. It can help you build credit while you’re in school.
- Chase Freedom® Student Credit Card: Another option for students, this card offers cashback rewards and benefits for students. It’s a good way to start building credit.
- Secured Credit Cards from Local Banks or Credit Unions: Sometimes, local banks and credit unions offer secured credit cards with competitive terms. Check with institutions in your area for options.
Remember that the key to using a starter credit card effectively is responsible credit management. Pay your bills on time, keep your credit utilization low, and avoid carrying a balance if possible. Over time, you can build a positive credit history that will allow you to qualify for better credit cards with higher rewards and lower interest rates.
Also Checkout: Best Credit Cards for American Airlines Flyers