Those that are new to credit and even those with a damaged credit history have options to start a new credit voyage. Don't settle for cards that charge high annual fees or start-up costs. Thanks to innovation, financial technology companies have opened the floodgates to provide those without perfect credit reasonable, cost-effective options.
Whether you're just starting out, or you've made some credit missteps along the way, here are our top picks for credit cards to build credit.
Start with a credit builder account and establish savings. Then, in as little as 3 months, use your savings to open a secured credit card with no hard credit inquiry.
Start building your credit without being weighed down by hidden fees. There is a Petal card for those with damaged credit, or a version with better rewards earnings for those that are new to credit or have established credit. See which version you are prequalified for today.
Apply without a hard credit pull. This helps safeguard your credit profile against declined applications.
Money added to a Credit Builder will be held in a secured account as collateral for your card, giving you access to a line of credit. There's no upfront deposit required, but you will need to have a Chime Spending account open with an eligible direct deposit in order to qualify.
Depending on your credit profile, you may be able to secure a $200 line of credit with as little as $49 down as a security deposit. You may also be considered for a higher credit line in as little as six months.
Earning 1.5% back on all purchases is a best-in-class rate for student cards.
|Self - Credit Builder Account + Secured Visa® Credit Card|
5 / 5
|Best Product for Establishing Savings & Credit|
|Petal 1 Visa Card|
5 / 5
|Best Unsecured Card for Building Credit|
|OpenSky® Secured Visa® Credit Card|
4.9 / 5
|Best Secured Card with No Hard Credit Check|
|Chime Credit Builder Visa® Credit Card|
4.8 / 5
|Best Secured Card with No Minimum Deposit|
|Capital One Platinum Secured Credit Card|
4.8 / 5
|Best Security Deposit|
|Quicksilver Rewards for Students|
5 / 5
|Best Student Card for Flat-Rate Rewards|
If you're looking for your next financial product in order to take your credit to the next level, here are some things you should consider:
If you're considering a card to build credit, be sure you're ready for the responsibility. If you've made mistakes in the past, be sure you've got a plan, so you don't repeat the same mistakes. Don't rush to get a credit card if you're not ready. There's no shame in using a debit card or a product like Chime's Spending Account until you are ready.
When searching for the best credit cards for building credit, we looked at the following features:
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