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 can be used for those with poor credit, while others may be suitable for those with better credit. Some cards require a security deposit to be approved. You can also get student credit cards.
Bank of America Student Travel Rewards Credit Card
You can build credit by using the Bank of America's Travel Rewards Credit card for Students, if you are a student. You can earn unlimited 1.5 points per dollar and there is no annual fee. It also has no blackout dates and no restrictions on airline or baggage fees. In addition, you can earn a sign-up bonus of 25,000 points, which can be redeemable for $250 in travel.
Students can check their credit score online when they apply for this credit-card. They can then see the main factors that affect their credit score. They can also track their score and compare it with national averages. This is especially useful for students who want to transition from college to adult life. Your chances of getting approved to rent your first apartment or scoring the best credit cards will be higher if you have a better credit score.
Students need to be aware of foreign transaction charges. These fees can add up quickly, especially if you are studying abroad. The $200 sign-up bonus is still available to students if they purchase $1,000 within the first 90 days. This credit card offers the flexibility to customize your rewards. Cash back can be chosen from a variety of categories once per month. For example, 1.5 points can be earned for every dollar spent on home improvements, gas, or dining.
Discover it Secured Credit Card
Secured credit cards are a good way to improve credit. The card comes with a generous welcome bonus and offers good cash-back. It allows you to seamlessly switch from an unsecured credit card after seven month. 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 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, however, is relatively low compared with the benefits this card offers.
A generous welcome bonus is included with the Discover it Secured Card. The company will match any cash back that you earn within your first year with 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 from Visa Credit Card offers no annual fees, and you can earn cash back on eligible purchases. The card comes with no annual fees and offers 1.5% cash back on 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. The issuer will review your financial records, including digital and banking histories. You will be declined if your credit score is not good. In order to avoid any interest charges, it is important that you pay the entire amount in full by the due date.
Petal 2 Visa Credit Card will help you build long-term credit. It offers features such as budgeting and credit monitoring. It is also a great choice as a first card because it was specifically designed for people trying to build credit.