The 5 BEST Must Have Credit Cards for Beginners in 2021! (BUILD CREDIT FAST)
Building credit is an important financial step for any aspiring adult. Having a good credit score is essential for getting loans, applying for a mortgage, getting a job or even renting an apartment. For many, the best way to begin building your credit is to start with a credit card.
The best credit cards for building credit are secured credit cards. These cards require a security deposit for approval and limit the amount of spending you can do. This provides an ideal situation for those with no credit score or those with a low score who are looking to build their credit. With these cards, you can still use them to make purchases and pay bills, while still being financially responsible and building your credit score.
Another great option for building credit is a low-interest credit card. These cards typically offer lower interest rates than other cards and often come with no annual fee. They are also usually more forgiving if you carry a balance from month to month. This can help you keep your balance low and continue building your credit score.
A third type of credit card for building credit is a student credit card. These cards are specifically designed for students who are just starting to build their credit history. They come with lower spending limits and often have rewards programs that help you save money while building your credit.
Finally, a good way to build credit is to use a prepaid credit card. These cards are similar to secured cards but you don’t have to put down a security deposit. Instead, you load money onto the card and use it just like a regular credit card. This is a great way to get started building credit without having to worry about high interest rates or security deposits.
When deciding which credit card is best for you, it’s important to consider the type of card, the interest rate, the fees and the benefits they offer. It’s also important to pay your bills on time and keep your balance low. By doing these things, you can build your credit and be on your way to a better financial future.
Key Points:
• Secured credit cards are the best credit cards for building credit
• Low-interest credit cards are also a great option for building credit
• Student and prepaid credit cards are also good for building credit
• When choosing a credit card, consider the type, interest rate, fees, and benefits
• Paying bills on time and keeping the balance low are essential for building credit
People Also Ask Questions and Answers:
Q: How do I build credit with a credit card?
A: The best way to build credit with a credit card is to use a secured credit card. This type of card requires a security deposit and typically has a lower spending limit than regular credit cards. It also helps to pay your bills on time and keep your balance low.
Q: What is a good credit card for building credit?
A: A good credit card for building credit is a low-interest credit card. These cards usually come with no annual fee and have lower interest rates than other cards. They are also more forgiving if you carry a balance from month to month.
Best Credit Cards Building Credit – Best Deal Right Now?
In this video I go through the must have top credit cards you need when starting out or building your credit. It doesn’t matter if you are a complete beginner or rebuilding your credit, or even have no credit score at all. This is for you.
The credit cards I talk about are:
Discover Secured – This card has no annual fee, and doesn’t even require a credit score. You put down a deposit from yourself and that acts as your line of credit. After a few months of on-time payments, Discover will most likely grant you an unsecured credit card.
Capital One platinum – Great starter card that grants you a high credit line for a beginner.
Deserve EDU – A company that specialized in credits for those who haven’t got a SSN.
Chase Freedom Flex – Get $200 after spending $500 after the first 6 months. Plus up to 5% cash-back of certain spending categories. Amazing no fee card.
Your own Bank Card – a credit card that your own bank/credit union offers. They already have a relationship with you and will be more likely to grant your credit card.
#CREDIT #CREDITCARDS #CREDITSCORE
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