There are great credit cards for everyone, no matter if you are looking to establish credit or are in the process of rebuilding your credit. Some cards are designed specifically for people with bad credit, while others are aimed at people with limited or no credit. Some cards are secured, which means you have to make a refundable security deposit before being approved. You can also get student credit cards.
Bank of America Travel Rewards Credit card for Students
If you are a student looking to build credit, consider using the Bank of America Travel Rewards Credit Card for Students. There is no annual fee, and you can earn unlimited 1.5 points for every dollar spent. There are no blackout dates or restrictions on baggage or airline fees. In addition, you can earn a sign-up bonus of 25,000 points, which can be redeemable for $250 in travel.
Students who apply for this credit card can also check their credit score online. They can then see the main factors that affect their credit score. It also allows them to track their credit score and compare it to the national averages. This is particularly useful for those who are transitioning from college life to post-grad life. Higher credit scores will increase your chances of being approved for your first apartment.
Students need to be aware of foreign transaction charges. These fees can add up quickly, especially if you are studying abroad. Students can still receive the $200 sign up bonus if they spend $1,000 within 90 days. You have the option to choose how you want your rewards. Cash back can be chosen from a variety of categories once per month. For example, you can choose to earn 1.5 points per dollar spent on dining, gas, grocery, and home improvement.
Discover it Secured Credit Card
You can build your credit by using a secured creditcard. This card has a generous Welcome Bonus and a high cash-back program. After seven months, you can easily switch to an unsecured card. This allows you to build your credit and pay your bills on-time.
For the Discover it Security card to be opened, you'll need to provide a $200 security deposit. This is mid-range for secured credit cards. However, you should keep in mind that you'll have to pay a balance transfer fee of up to five percent of the transfer amount after six months. This fee is still very affordable compared to the many benefits offered by this card.
A generous welcome bonus is included with the Discover it Secured Card. The company will match $200 of the cash you earn during your first year. That's fantastic because it means that your credit score can improve if your bill is paid on time.
Petal 2 Visa Credit Card
The Petal 2 Visa Credit Card may not be the best credit card for building credit, but if you're looking for a card that offers a zero-fee option and rewards you for purchases, it's a good choice. The card is free of annual fees and gives you 1.5% cashback on eligible purchases. It is specifically designed for those with low to moderate credit ratings.
Petal 2 Visa Credit Card: The issuer will run a credit check on your credit history. The issuer will assess your financial records and banking history. You will be declined if your credit score is not good. You'll want to pay off the balance in full before the due date so you don't incur any interest charges.
Petal 2 Visa Credit Card will help you build long-term credit. It includes features like budgeting and credit monitoring. This card is a great choice for first cards and people who are trying to build credit.