You can apply to for a variety of credit cards. Some cards are made for people with bad credit and others for people with low credit. Some cards require a security deposit to be approved. You can also get student credit cards.
Bank of America's Travel Rewards Credit Cards 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 cost and unlimited 1.5 points per $1 on all purchases. There are no blackout dates or restrictions on baggage or airline fees. Additionally, you will be eligible for a $250 sign-up bonus of 25,000.
Students can check their credit score online when they apply for this credit-card. You can learn the factors that impact your credit score. A credit score can be tracked and compared to national averages. This is especially helpful when you are moving from college to work. You will have better chances of getting approved for your first home and the best credit cards.
Students need to be aware of foreign transaction charges. These fees can quickly add-up, especially if you're 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. You can select a different category to receive cash back once per month. For example, you could earn 1.5 points per $1 spent on gas, food, groceries, and home-improvement.
Discover it Secured Card Credit Card
It is a smart way to build credit. This card has a generous Welcome Bonus and a high cash-back program. It allows you to seamlessly switch from an unsecured credit card after seven month. This way, you can keep building your credit and still pay your bills on time.
To open an account with Discover it Secured, you will need to deposit $200. This is the middle range of secured credit cards. Keep in mind, however, that after six months you will need to pay a balance-transfer fee of up five percent of the transferred amount. However, this fee is very reasonable when compared to the benefits of this card.
The Discover it Secured card also comes with a generous welcome bonus. You will get up to $200 cash back from Discover it Secured in your first year. That's great, because if you pay your bill on time every month, your credit score will improve.
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. This card has no annual fees and earns 1.5% cashback for eligible purchases. It's designed specifically for those with bad to fair credit.
While applying for the Petal 2 Visa Credit Card, keep in mind that the issuer will perform a hard credit check on you. This will be based upon your digital financial records as well as your banking history. Your application will likely be denied if you have poor credit. You will want to pay off the whole amount by the due date in order not to incur interest.
Petal 2 Visa Credit Card will help you build long-term credit. It provides features like credit monitoring and budgeting. This is an excellent choice for a first credit card and was designed for those who want to improve their credit score.