Top Credit Cards for Newbies: Get A Head Start on Building Your Credit Score

If you’re new to credit and looking to build your credit history, getting a credit card can be a great option. Credit cards can help you establish credit, improve your credit score, and earn rewards points or cash back on your purchases. However, with so many credit cards available, it can be overwhelming to choose the best one for your needs. That’s why we’ve compiled a list of the best credit cards for those new to credit, taking into account factors such as ease of approval, low fees, and rewards programs. Whether you’re a student just starting out or someone looking to establish credit for the first time, there’s a credit card on this list for you.

Section: Best Credit Cards for New to Credit

1. Discover it® Student Cash Back

If you’re a student with limited or no credit history, the Discover it® Student Cash Back is a great option to start with. It offers cashback rewards on purchases, no annual fee, and a flat-rate cashback match for the first year for new cardholders. The card also features a flexible APR system for students who might struggle with paying off their balance in full each month. Additionally, students who maintain a good GPA could potentially receive a statement credit reward.

2. Petal® 2 Visa® Credit Card

One of the newest credit cards on the market, the Petal® 2 Visa® Credit Card is a great option for those who lack credit history. It’s not only open to those who have limited credit, but also individuals with no credit history. The card offers cashback incentives on all purchases, no annual fee, and flexible financial management tools that help you make smarter financial choices. Moreover, the Petal® 2 Visa® Credit Card offers a variety of credit limits, depending on your creditworthiness.

3. Secured Mastercard® from Capital One®

For those looking to build their credit, a secured credit card like the Secured Mastercard® from Capital One® could be the answer. You’ll need to put down a cash deposit as collateral, which also serves as your credit limit. The good thing about secured cards is that they report your payment history to the credit bureaus, which can help you build credit. Over time, if you consistently make on-time payments, you may be able to graduate to an unsecured card.

4. Capital One® Platinum Credit Card

A great option for those who are new to credit, the Capital One® Platinum Credit Card offers a higher credit line boost after you make your first five payments on-time. The card has no annual fee, and you can monitor your credit score through the Capital One CreditWise® program. With responsible use, the Capital One® Platinum Credit Card could help you achieve an excellent credit score.

5. Citi Rewards+® Student Card

If you’re looking for a card that’s specifically designed for students, the Citi Rewards+® Student Card is a great option. It offers rewards on purchases, including 2X points on groceries and gas, 1X point per dollar spent on other purchases, and no annual fee. You can also receive a $50 statement credit after making a purchase within the first three months of account opening.

6. Journey® Student Rewards from Capital One®

If you’re a student with a limited credit history, the Journey® Student Rewards from Capital One® is a great option. It offers 1% cashback on all purchases, with an additional 0.25% cashback bonus if you pay your bill on time. This incentivizes you to make on-time payments and rewards you for doing so. The card also has no annual fee, which is great for students on a tight budget.

7. Deserve® EDU Mastercard for Students

Another card designed specifically for students, the Deserve® EDU Mastercard offers cashback on all purchases, including 1% cashback on all purchases and 4% cashback on eligible entertainment and dining expenses. The card has no annual fee, foreign transaction fees, and offers a free year of Amazon Prime Student after your first Amazon purchase.

8. Apple Card

While the Apple Card may have a reputation as an elite credit card, it’s actually a fantastic option for those new to credit. It offers rewards on all purchases, including 3% cashback on Apple purchases, 2% cashback on purchases made with Apple Pay, and 1% cashback on all other purchases. The card also has no annual fee, no foreign transaction fees, and provides strong budgeting tools through the Wallet app.

9. AvantCard Credit Card

The AvantCard Credit Card is designed for individuals with fair to poor credit. While the card does have an annual fee, it may be worth it for those looking to rebuild their credit. It reports to all three credit bureaus, which can help you improve your credit score over time. Additionally, the AvantCard Credit Card provides an excellent comprehensive credit monitoring service and identity theft protection.

10. Discover it® Secured Credit Card

Another excellent secured credit card option, the Discover it® Secured Credit Card requires a cash deposit as collateral, which serves as your credit limit. This card reports your payment history to all three major credit bureaus, allowing you to build credit with consistent on-time payments. The card also offers cashback rewards, a flexible APR system, no annual fee, and can eventually lead to upgrades to an unsecured card.

In conclusion, being new to credit doesn’t mean you can’t get approved for a credit card or enjoy the benefits it provides. Explore the options above and remember to use credit responsibly to build a strong foundation for your financial future.

10 Best Credit Cards for New Credit

If you are new to credit and looking for the best option to start building your credit history, you might find yourself confused by the many credit card options available. Here are ten credit cards that would be great for those who are new to credit:

1. Discover it® Secured Credit Card

The Discover it® Secured Credit Card offers a great way for cardholders to establish credit while earning cashback rewards. This card requires a minimum deposit of $200 that will serve as your credit limit. Discover will check your credit history to determine if you qualify for an unsecured card after eight months. This card comes with no annual fee and a free credit score monitoring tool.

2. Capital One Platinum Credit Card

The Capital One Platinum Credit Card is another option for those who are only starting to build credit. This card comes with no annual fees and provides a straightforward fee structure. Unfortunately, this card does not come with rewards, but it can be a good path to establish a credit history.

3. OpenSky® Secured Visa® Credit Card

The OpenSky® Secured Visa® Credit Card is an option that requires no credit check, making it an excellent choice for those who have no credit history or bad credit. This card also offers a straightforward fee structure, and the minimum security deposit is $200.

4. Journey® Student Rewards from Capital One®

The Journey® Student Rewards from Capital One® offers students a great opportunity to start building credit. This card comes with rewards programs and no annual fee. This card is designed for students, and after making their first five payments on time, users may receive a credit limit increase.

5. Citi® Secured Mastercard®

The Citi® Secured Mastercard® is an excellent option to establish credit for those who have limited or no credit history. This card offers no annual fee and comes with a variable annual percentage rate (APR). The minimum deposit for this card is $200, but cardholders can deposit more and receive higher credit limits.

6. Chase Freedom Unlimited®

The Chase Freedom Unlimited® is an excellent option for those who have good credit and are looking for the opportunity to earn cashback rewards. This card comes with no annual fee and a significant rate on balance transfers, and new purchases. The rewards might be limited, but this card is the perfect option to start earning cashback rewards.

7. Credit One Bank® Unsecured Visa® with Cashback Rewards

The Credit One Bank® Unsecured Visa® with Cashback Rewards is another option for those with a limited credit history. This card offers cashback rewards and can help cardholders build a credit history, but it comes with high fees. If you maintain timely monthly payments and start building your credit, you can unlock a host of different cardholders’ perks.

8. Upgrade Visa® Card with Cash Rewards

The Upgrade Visa® Card with Cash Rewards is an affordable way to build your credit history and rewards you with an instant line of credit. This offers users unlimited cashback rewards and no late fees on their first late payment. Though it does require a credit check to apply.

9. Wells Fargo Cash Back College℠ Card

The Wells Fargo Cash Back College℠ Card is another option for students looking to build credit. This card offers cashback rewards and a chance to increase their credit limit after several months of responsible payment. This card comes with no annual fees and is a smart choice for college students looking for their first credit card.

10. Petal® 1 Visa®

Petal® 1 Visa® offers a chance for those with an insufficient credit history to build up an excellent credit score. This card is designed for individuals who are new to credit and offers cashback rewards as well. This card also comes with no annual fee and is a great option to start building credit history.

Overall, these ten credit cards offer a great way to start building your credit history and provide a range of financial benefits. Pick one that aligns with your spending habits and personal finance goals. Remember that it shall take several months to establish your credit history and always make repayments on time.

Top 5 Credit Cards for People New to Credit

If you are new to credit, it can be challenging to get approved for a credit card. But don’t worry; some credit cards are designed specifically for people with limited or no credit history. In this section, we discuss the top five credit cards that are perfect for those new to credit.

1. Capital One Platinum Credit Card
The Capital One Platinum credit card is an excellent choice for people with no credit history. It doesn’t require an annual fee and provides an opportunity to build credit with responsible credit usage. With the Capital One CreditWise tool, you can monitor your credit score and get alerts if there are any changes.

2. Discover it® Secured Credit Card
The Discover it Secured credit card is another great option for people with limited or no credit history. This card requires a refundable security deposit, which determines your credit line. With responsible credit usage, Discover may review your account and refund your deposit while increasing your credit line.

Pros Cons
No annual fee Requires security deposit
Cashback rewards No introductory APR
Opportunity to upgrade to an unsecured card No high rewards on spending categories

3. Petal® 2 Visa® Credit Card
The Petal 2 Visa credit card is an unusual choice for people new to credit. There is no security deposit required, and you can earn cashback rewards on all purchases. The Petal 2 Visa credit card evaluates your full financial picture, such as income, savings, and expenses, to determine your creditworthiness.

Pros Cons
No security deposit required High-interest rate for balance transfers
Cashback rewards on all purchases No bonus rewards on spending categories
No annual fee Higher APR for balance transfers

4. Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One QuicksilverOne cash rewards credit card is a viable option for people with fair credit scores. This card offers cashback rewards on all purchases, no foreign transaction fees, and fraud coverage. However, this card has an annual fee of $39.

Pros Cons
Cashback rewards on all purchases An annual fee of $39
No foreign transaction fee Not an ideal option for excellent credit score
Fraud coverage No introductory APR

5. Citi® Secured Mastercard®
The Citi Secured Mastercard is an excellent choice for people who want to build credit. This card requires a refundable security deposit, which determines your credit line. With regular payments, you may be eligible to upgrade to an unsecured card. The Citi Secured Mastercard has no annual fee.

Pros Cons
No annual fee Requires security deposit
Opportunity to upgrade to an unsecured card No cash back or rewards program
Reasonable APR No high limit credit line

Conclusion
Having no credit history can be daunting, but you can start building credit with a credit card. These top five credit cards for people new to credit can help you get started. Remember, the golden rule of credit is to use it responsibly. This means paying your bills on time, not maxing out your credit lines, and using credit for essential purchases only. With these responsible credit habits, you can build credit over time and enjoy the benefits of having excellent credit.

Here are some related links based on the given list:

– Learn about the best credit cards for students new to credit, which can help you establish credit history and save money on interest.
– If you’re looking for a secured credit card, check out NerdWallet’s top picks. These cards require a security deposit but can still offer rewards and other benefits.
CreditCards.com has a roundup of the best starter credit cards, which are geared towards those with limited credit histories. These cards often have low or no annual fees and can still provide cash back or rewards.
– Forbes has compiled a list of the best credit cards for beginners, which includes options for both secured and unsecured cards. Some of these cards also offer perks like extended warranties or price protection.
– Looking for a card with no credit check? The Simple Dollar has a list of options. Keep in mind that these cards often come with higher fees or interest rates.

Top 10 Best Credit Cards for Those New to Credit – Pros and Cons

Credit cards cater to various individuals based on their lifestyle, income, and credit score. The best credit cards for those who are new to credit cater to their need for a low barrier of entry and ability to build their credit history effectively. In this article, we will explore the top 10 best credit cards for new credit seekers in the market, along with their pros and cons.

1. Discover it® Student Chrome Credit Card

One of the best perks of the Discover it® Student Chrome Credit Card is that it offers cashback for students on spending up to a specific limit. This card has no annual fee, no penalty rates, and no fee for your first missed payment. But the APR for this card is relatively high compared to other student credit cards.

2. Capital One® Platinum Credit Card

This card is an excellent choice for those who are new to credit or have a fair credit score. The card offers access to a higher credit limit after you make five on-time payments, and you also get fraud coverage on unauthorized transactions. However, this card has a high interest rate, and there are no rewards programs available.

3. Petal® 2 “Cash Back, No Fees” Visa® Credit Card

This card is perfect for new credit seekers and those who have less-than-stellar credit scores. One of the significant benefits of the Petal® 2 “Cash Back, No Fees” Visa® Credit Card is that it does not charge any annual fees or foreign transaction fees. However, the APR for this card can be high, and there is no balance transfer fee involved.

4. Discover it® Secured Credit Card

The Discover it® Secured Credit Card is excellent for those with no previous credit history or a poor credit score. One of the attractive benefits of this card is that it offers cashback on various purchases. However, you first need to make a deposit to access the credit limit, and there is no guarantee that you will be approved for a secured credit card.

5. Capital One® QuicksilverOne® Cash Rewards Credit Card

The Capital One® QuicksilverOne® Cash Rewards Credit Card is perfect for those with a fair credit score and a need to earn cashback rewards on all purchases. However, there is an annual fee involved, and the APR for this card can be higher than other credit cards.

6. OpenSky® Secured Visa® Credit Card

The OpenSky® Secured Visa® Credit Card is another option for those who are trying to establish their credit history. This card requires a deposit in advance to access the credit limit, and there are no credit checks involved. However, this card doesn’t offer cashback or rewards programs like other credit cards.

7. Bank of America® Cash Rewards Credit Card for Students

This card is a great option for college students who are trying to earn rewards on everyday purchases. One of the benefits of the Bank of America® Cash Rewards Credit Card for Students is that it offers cashback on gas, groceries, and dining. However, there is a limit on rewards earnings, and the APR can be high.

8. Citi® Secured Mastercard®

The Citi® Secured Mastercard® is perfect for individuals with no credit history or a poor credit score. This card offers access to a higher credit limit with timely payments, low APR, and automatic account notifications. However, this card has an annual fee, and there is no rewards program included.

9. Journey® Student Rewards from Capital One®

The Journey® Student Rewards from Capital One® is perfect for college students looking to build their credit history while earning cashback on purchases. This card has no annual fee, and Capital One offers credit line increases after making your first five payments on time. However, the APR for this card can be high.

10. Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express is an excellent choice for those who have good to excellent credit scores and need rewards on everyday purchases. It offers cashback on grocery spending, gas, and transit. However, there is an annual fee involved, and the APR can be high.

In conclusion, the credit cards mentioned above offer various benefits and drawbacks that cater to new credit seekers. It’s essential to evaluate the features, fees, and APR before choosing the right card for you to build your credit history effectively.

That’s a wrap!

Thanks for taking the time to read about the best credit cards for those new to credit. We hope this article has given you some ideas for your next credit card. Be sure to explore all your options and find the card that best fits your needs and lifestyle. Remember to use your credit wisely and responsibly. And of course, visit us again soon for more helpful tips and advice. Happy credit-card shopping!

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