Whether you need to establish good credit or you're in the process of rebuilding it, there are some great credit cards available for you to apply for. Some cards are specifically designed for people with poor credit while others are for those with good credit. Some cards are secured. You must make a refundable deposit before you can get approved. You may also be eligible for student credit cards.
Bank of America Student Travel Rewards Credit Card
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 blackouts and no restrictions on airlines or baggage fees. A sign-up bonus is available of 25,000 points that can be used to redeem $250 for travel.
Students applying for this credit card may also be able to check their credit score online. They will be able to see what factors affect their credit score. It also allows them to track their credit score and compare it to the national averages. This is especially helpful when you are moving from college to work. An increase in credit score can improve your chances to get approved for your first apartment.
Foreign transaction fees should not be overlooked by students. These fees can quickly add up, especially if your studies are abroad. Students may still qualify for the $200 signup bonus if $1,000 is spent within 90 day of account opening. Another benefit of this credit card is that you can customize your rewards. Each month you have the option to choose a different cash back category. For example, 1.5 points can be earned for every dollar spent on home improvements, gas, or dining.
Discover it Secured Credit Cards
You can build your credit by using a secured creditcard. The card comes with a generous welcome bonus and offers good cash-back. After seven months, you can easily switch to an unsecured card. You can build your credit while still paying your bills on time.
You will need to make a $200 deposit in order to open an account for the Discover it Secured Card. This amount is about the average range for secured credit card 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 quite reasonable considering the card's benefits.
A generous welcome bonus is included with the Discover it Secured Card. The company will match up to $200 of cash back you earn in your first year on the card. 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 by Visa Credit Card isn't the best credit card to build credit. However, if you want a card that doesn't charge any fees and offers rewards for purchases, this card could be a good option. The card is free of annual fees and gives you 1.5% cashback on eligible purchases. It is designed for people with bad or fair credit.
Petal 2 Visa Credit Card: The issuer will run a credit check on your credit history. The issuer will review your financial records, including digital and banking histories. You will be declined if your credit score is not good. You will want to pay off the whole amount by the due date in order not to incur interest.
Petal 2 Visa Credit Card is a great way to build long-term credit. It has features like credit monitoring, budgeting, and budgeting. It is a good choice as a card for your first, as it is designed for people who are looking to build their credit.