We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that. Show
Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. If you prefer that we do not use this information, you may opt out of online behavioral advertising. If you opt out, though, you may still receive generic advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. These ads are based on your specific account relationships with us. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. How Does LendingTree Get Paid? LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace. | Advertising Disclosure LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). | American Express Disclosure Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace. LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. On This PageIf you’re looking to establish a credit history or build your credit score, opening a credit card and using it responsibly — meaning paying your bill on time each month and staying well below your credit limit — is perhaps one of the best ways to go. The best credit cards to build credit have low fees, report monthly to the credit bureaus and provide free credit scores so you can monitor your progress. The following cards offer most (or all) of these features, and more.
 Capital One Platinum Credit CardCapital One Platinum Credit CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR 28.49% (Variable)
Sign-up bonus: No bonus Earning rate: Non-rewards Card Why we picked this card: The Capital One Platinum Credit Card is a solid, no-frills credit card with a $0 annual fee. Along with reporting your credit usage to the three major credit bureaus (Experian, Equifax and TransUnion), the card will automatically consider you for a credit limit increase in as little as six months. If you’re looking to boost your credit profile with the help of a credit card, you should consider the Capital One Platinum Credit Card. The card is intended for individuals with fair/limited credit, which Capital One describes as those who have either defaulted on a loan in the past five years or have had a credit card or other credit for less than three years. Notably, the Capital One Platinum Credit Card doesn’t offer a rewards program. However, sometimes the possibility of earning rewards on a credit card can cause a cardholder to overspend — which isn’t ideal when trying to build credit. In addition, the Capital One Platinum Credit Card has a regular APR of 28.49% (variable). However, while the Capital One Platinum Credit Card doesn’t earn rewards, after demonstrating responsible usage, you may be able to request a product change to a Capital One card that does — such as the Capital One QuicksilverOne Cash Rewards Credit Card or the Capital One VentureOne Rewards Credit Card.
Sign-up bonus: No bonus Earning rate: Non-rewards Card Why we picked this card: The Capital One Platinum Credit Card is a solid, no-frills credit card with a $0 annual fee. Along with reporting your credit usage to the three major credit bureaus (Experian, Equifax and TransUnion), the card will automatically consider you for a credit limit increase in as little as six months. If you’re looking to boost your credit profile with the help of a credit card, you should consider the Capital One Platinum Credit Card. The card is intended for individuals with fair/limited credit, which Capital One describes as those who have either defaulted on a loan in the past five years or have had a credit card or other credit for less than three years. Notably, the Capital One Platinum Credit Card doesn’t offer a rewards program. However, sometimes the possibility of earning rewards on a credit card can cause a cardholder to overspend — which isn’t ideal when trying to build credit. In addition, the Capital One Platinum Credit Card has a regular APR of 28.49% (variable). However, while the Capital One Platinum Credit Card doesn’t earn rewards, after demonstrating responsible usage, you may be able to request a product change to a Capital One card that does — such as the Capital One QuicksilverOne Cash Rewards Credit Card or the Capital One VentureOne Rewards Credit Card.
Capital One QuicksilverOne Cash Rewards Credit CardCapital One QuicksilverOne Cash Rewards Credit CardIntroductory APR N/A Annual Fee $39 Regular Purchase APR 28.49% (Variable)
Sign-up bonus: No bonus Earning rate: 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) Why we picked this card: With the Capital One QuicksilverOne Cash Rewards Credit Card, cardholders earn an elevated cash back rate on every purchase they make using the card. Rewards can be redeemed for checks, statement credits or gift cards, or used to directly cover a recent purchase. If you want a simple approach to earning rewards while building your credit, the Capital One QuicksilverOne Cash Rewards Credit Card could be a great fit, since it offers a flat cash back rate on general purchases. Just know, the Capital One QuicksilverOne Cash Rewards Credit Card charges a $39 annual fee, and comes with an APR of 28.49% (variable). As for foreign transaction fees — there are none. That said, after demonstrating responsible card usage and building a relationship with Capital One, you may be able to request a product change to the Capital One Quicksilver Cash Rewards Credit Card. This card earns cash back at the same flat rate on general purchase as the Capital One QuicksilverOne Cash Rewards Credit Card, but charges a $0 annual fee.
Sign-up bonus: No bonus Earning rate: 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) Why we picked this card: With the Capital One QuicksilverOne Cash Rewards Credit Card, cardholders earn an elevated cash back rate on every purchase they make using the card. Rewards can be redeemed for checks, statement credits or gift cards, or used to directly cover a recent purchase. If you want a simple approach to earning rewards while building your credit, the Capital One QuicksilverOne Cash Rewards Credit Card could be a great fit, since it offers a flat cash back rate on general purchases. Just know, the Capital One QuicksilverOne Cash Rewards Credit Card charges a $39 annual fee, and comes with an APR of 28.49% (variable). As for foreign transaction fees — there are none. That said, after demonstrating responsible card usage and building a relationship with Capital One, you may be able to request a product change to the Capital One Quicksilver Cash Rewards Credit Card. This card earns cash back at the same flat rate on general purchase as the Capital One QuicksilverOne Cash Rewards Credit Card, but charges a $0 annual fee.
Discover it® Secured Credit CardDiscover it® Secured Credit CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR 25.99% Variable APR
Sign-up bonus: Discover will match all the cash back you’ve earned at the end of your first year. Earning rate: 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically Why we picked this card: The Discover it® Secured Credit Card offers a 10.99% Intro APR for 6 months on balance transfers — that’s rare for a card designed for individuals with poor/limited credit. After the intro period ends, a 25.99% Variable APR applies. If you have a large amount of high interest credit card debt, you can transfer it to the Discover it® Secured Credit Card and receive a low APR on balance transfers for half a year. This allows you to save on interest charges while paying down your debt. The Discover it® Secured Credit Card is a secured credit card that requires a refundable security deposit ranging from $200 to $2,500, which will serve as your line of credit. After you’ve had the Discover it® Secured Credit Card for seven months, Discover will begin conducting monthly account reviews to see if you’re eligible to graduate to an unsecured card and get your deposit refunded. Note that Discover will evaluate your behavior across your credit cards and loans from Discover, as well as other issuers or lenders. You can also get your deposit back if you choose to close your account and pay any remaining balance. Along with offering a $0 annual fee, the card doesn’t charge a fee the first time you pay late; after that, the late fee will be up to $41. That said, it’s important to pay your bill on time when trying to build credit. Plus, if you carry a balance on your card from month to month from purchases, you will be subject to interest charges of 25.99% Variable APR.
Sign-up bonus: Discover will match all the cash back you’ve earned at the end of your first year. Earning rate: 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically Why we picked this card: The Discover it® Secured Credit Card offers a 10.99% Intro APR for 6 months on balance transfers — that’s rare for a card designed for individuals with poor/limited credit. After the intro period ends, a 25.99% Variable APR applies. If you have a large amount of high interest credit card debt, you can transfer it to the Discover it® Secured Credit Card and receive a low APR on balance transfers for half a year. This allows you to save on interest charges while paying down your debt. The Discover it® Secured Credit Card is a secured credit card that requires a refundable security deposit ranging from $200 to $2,500, which will serve as your line of credit. After you’ve had the Discover it® Secured Credit Card for seven months, Discover will begin conducting monthly account reviews to see if you’re eligible to graduate to an unsecured card and get your deposit refunded. Note that Discover will evaluate your behavior across your credit cards and loans from Discover, as well as other issuers or lenders. You can also get your deposit back if you choose to close your account and pay any remaining balance. Along with offering a $0 annual fee, the card doesn’t charge a fee the first time you pay late; after that, the late fee will be up to $41. That said, it’s important to pay your bill on time when trying to build credit. Plus, if you carry a balance on your card from month to month from purchases, you will be subject to interest charges of 25.99% Variable APR.
Petal 2 Credit CardPetal 2 Credit CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR Variable APR between 15.99% - 29.99%
Sign-up bonus: N/A Earning rate: Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants Why we picked this card: The Petal 2 Credit Card — issued by WebBank, Member FDIC — offers a very reasonable Variable APR between 15.99% - 29.99%. In addition, cardholders have the opportunity to receive a relatively high credit line that ranges from $300 to $10,000. Note, the APR and credit line are determined by your creditworthiness. If you think you may need to carry a balance on your card from month to month from purchases, the Petal 2 Credit Card may be ideal — as long as you qualify for the lowest interest rate. The Petal 2 Credit Card differs from competing credit cards by using a “Cash Score” to potentially determine your eligibility. If you have no credit history, you may be asked to link a bank account so that an algorithm can be used to analyze factors such as transaction history, money earned and spent each month and bills paid. This makes it easier for consumers who have responsible financial habits, but haven’t had credit before, to qualify for a card. The Petal 2 Credit Card lets cardholders earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants. The Petal 2 Credit Card comes with a $0 annual fee card and does not charge late payment fees — but you should always pay your bill on time, to make sure you don’t negatively affect your credit score.
Sign-up bonus: N/A Earning rate: Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants Why we picked this card: The Petal 2 Credit Card — issued by WebBank, Member FDIC — offers a very reasonable Variable APR between 15.99% - 29.99%. In addition, cardholders have the opportunity to receive a relatively high credit line that ranges from $300 to $10,000. Note, the APR and credit line are determined by your creditworthiness. If you think you may need to carry a balance on your card from month to month from purchases, the Petal 2 Credit Card may be ideal — as long as you qualify for the lowest interest rate. The Petal 2 Credit Card differs from competing credit cards by using a “Cash Score” to potentially determine your eligibility. If you have no credit history, you may be asked to link a bank account so that an algorithm can be used to analyze factors such as transaction history, money earned and spent each month and bills paid. This makes it easier for consumers who have responsible financial habits, but haven’t had credit before, to qualify for a card. The Petal 2 Credit Card lets cardholders earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants. The Petal 2 Credit Card comes with a $0 annual fee card and does not charge late payment fees — but you should always pay your bill on time, to make sure you don’t negatively affect your credit score.
U.S. Bank Altitude Go Visa Secured CardReview Coming Soon U.S. Bank Altitude Go Visa Secured CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR 28.24% variable
Sign-up bonus: Earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening. Earning rate: Earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases. Why we picked this card: You’ll earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases. It reports to all three major credit bureaus with credit lines up to $5,000, based on your security deposit. With responsible use, your card may be eligible for an automatic upgrade to an unsecured card. This card is best for people who want to earn rewards on eating out, groceries and more while working to improve their credit scores. You’ll earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases.
Sign-up bonus: Earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening. Earning rate: Earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases. Why we picked this card: You’ll earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases. It reports to all three major credit bureaus with credit lines up to $5,000, based on your security deposit. With responsible use, your card may be eligible for an automatic upgrade to an unsecured card. This card is best for people who want to earn rewards on eating out, groceries and more while working to improve their credit scores. You’ll earn 4X points on dining, takeout, and restaurant delivery, 2X points at grocery stores, grocery delivery, gas stations, EV charging stations and on streaming services. Plus, a $15 credit for annual streaming purchases like Netflix, Hulu, Spotify®, Apple Music, Disney+, HBO Max and more! And earn 1X points on all other eligible purchases.
The information related to the U.S. Bank Altitude Go Visa Secured Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply. DCU Visa® Platinum Secured Credit CardDCU Visa® Platinum Secured Credit CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR 13.75% to 18% (variable)
If you plan to carry a balance on your card from month to month and don’t mind submitting a security deposit, the DCU Visa® Platinum Secured Credit Card could be a good fit. Along with offering a reasonable APR, the card comes with a $0 annual fee and $0 foreign transaction fee. As for balance transfer fees — there are none. That said, the card does require a high minimum security deposit of $500. You should also know that to apply for this card, you must be a member of Digital Federal Credit Union (DCU). To be eligible, you must be related to a current DCU member, employed by or retired from a participating company, belong to an eligible organization or live, work, worship or attend school in an eligible community. You can also join a participating nonprofit for a nominal fee.
If you plan to carry a balance on your card from month to month and don’t mind submitting a security deposit, the DCU Visa® Platinum Secured Credit Card could be a good fit. Along with offering a reasonable APR, the card comes with a $0 annual fee and $0 foreign transaction fee. As for balance transfer fees — there are none. That said, the card does require a high minimum security deposit of $500. You should also know that to apply for this card, you must be a member of Digital Federal Credit Union (DCU). To be eligible, you must be related to a current DCU member, employed by or retired from a participating company, belong to an eligible organization or live, work, worship or attend school in an eligible community. You can also join a participating nonprofit for a nominal fee.
The information related to the DCU Visa® Platinum Secured Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply. Capital One Platinum Secured Credit CardCapital One Platinum Secured Credit CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR 28.49% (Variable)
Sign-up bonus: No bonus Earning rate: Non-rewards Card Why we picked this card: Typically, a secured credit card offers a credit line equal to the amount of your security deposit. However, the Capital One Platinum Secured Credit Card provides the opportunity to qualify for a higher credit line than your initial security deposit: The card requires a minimum refundable deposit of $49, $99 or $200 — which will get you an initial credit line of $200. In addition, you can get a higher credit line if you deposit more money before your account opens, up to a maximum limit of $1,000. If you have poor/limited credit and want to use a secured credit card to help boost your credit — but don’t want to put down a large deposit — the Capital One Platinum Secured Credit Card is a good option. Just know that you’ll have to apply and be approved before your minimum deposit is determined, and you’re not guaranteed to get one of the lower deposit amounts. The Capital One Platinum Secured Credit Card doesn’t offer a rewards program; however, after six months of demonstrating responsible card usage, Capital One will review your eligibility for an increased credit limit. The Capital One Platinum Secured Credit Card charges a $0 annual fee and comes with an APR of 28.49% (variable).
Sign-up bonus: No bonus Earning rate: Non-rewards Card Why we picked this card: Typically, a secured credit card offers a credit line equal to the amount of your security deposit. However, the Capital One Platinum Secured Credit Card provides the opportunity to qualify for a higher credit line than your initial security deposit: The card requires a minimum refundable deposit of $49, $99 or $200 — which will get you an initial credit line of $200. In addition, you can get a higher credit line if you deposit more money before your account opens, up to a maximum limit of $1,000. If you have poor/limited credit and want to use a secured credit card to help boost your credit — but don’t want to put down a large deposit — the Capital One Platinum Secured Credit Card is a good option. Just know that you’ll have to apply and be approved before your minimum deposit is determined, and you’re not guaranteed to get one of the lower deposit amounts. The Capital One Platinum Secured Credit Card doesn’t offer a rewards program; however, after six months of demonstrating responsible card usage, Capital One will review your eligibility for an increased credit limit. The Capital One Platinum Secured Credit Card charges a $0 annual fee and comes with an APR of 28.49% (variable).
Discover it® Student Cash BackDiscover it® Student Cash BackIntroductory APR 0% Intro APR for 6 months on purchases Annual Fee $0 Regular Purchase APR 15.99% - 24.99% Variable APR
Sign-up bonus: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match. Earning rate: 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically Why we picked this card: Along with a generous sign-up bonus and cash back rewards rate, the $0-annual-fee Discover it® Student Cash Back offers an intro APR on purchases and balance transfers. When in college, it’s a good idea to get a head start on building a positive credit history. A $0 annual fee student credit card, such as the Discover it® Student Cash Back, can help you do that while earning rewards in popular spending categories. If you need to finance a large purchase, like school books or a laptop, you can do so interest-free for half a year with the Discover it® Student Cash Back. The card offers a 0% Intro APR for 6 months on purchases, then an ongoing 15.99% - 24.99% Variable APR applies. Plus, receive a 10.99% Intro APR for 6 months on balance transfers, after which a 15.99% - 24.99% Variable APR will apply. Just know, to apply for this card, you’ll need to be at least 18 years old, have a U.S. address, have a Social Security number and show proof of education.
Sign-up bonus: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match. Earning rate: 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically Why we picked this card: Along with a generous sign-up bonus and cash back rewards rate, the $0-annual-fee Discover it® Student Cash Back offers an intro APR on purchases and balance transfers. When in college, it’s a good idea to get a head start on building a positive credit history. A $0 annual fee student credit card, such as the Discover it® Student Cash Back, can help you do that while earning rewards in popular spending categories. If you need to finance a large purchase, like school books or a laptop, you can do so interest-free for half a year with the Discover it® Student Cash Back. The card offers a 0% Intro APR for 6 months on purchases, then an ongoing 15.99% - 24.99% Variable APR applies. Plus, receive a 10.99% Intro APR for 6 months on balance transfers, after which a 15.99% - 24.99% Variable APR will apply. Just know, to apply for this card, you’ll need to be at least 18 years old, have a U.S. address, have a Social Security number and show proof of education.
Deserve® EDU Mastercard for StudentsDeserve® EDU Mastercard for StudentsIntroductory APR N/A Annual Fee $0 Regular Purchase APR 21.74% Variable Credit Score Needed 540 850 Excellent/Good/Limited
Sign-up bonus: Up to $59 in statement credits for Amazon Prime Student when you spend $500 within the first three statements Earning rate: 1% unlimited cash back on all purchases Why we picked this card: The Deserve® EDU Mastercard for Students is ideal for international students because it does not require a Social Security number to apply. It has a $0 annual fee and earns 1% unlimited cash back on all purchases. This card is best for students who are just starting their credit journey or do not have a Social Security number. Students can get prequalified within seconds without affecting their credit score. Once approved for the card, you can easily control your account through its mobile app, including the ability to freeze your card with a tap of the button.
Sign-up bonus: Up to $59 in statement credits for Amazon Prime Student when you spend $500 within the first three statements Earning rate: 1% unlimited cash back on all purchases Why we picked this card: The Deserve® EDU Mastercard for Students is ideal for international students because it does not require a Social Security number to apply. It has a $0 annual fee and earns 1% unlimited cash back on all purchases. This card is best for students who are just starting their credit journey or do not have a Social Security number. Students can get prequalified within seconds without affecting their credit score. Once approved for the card, you can easily control your account through its mobile app, including the ability to freeze your card with a tap of the button.
Amazon Prime Store CardAmazon Prime Store CardIntroductory APR N/A Annual Fee $0 Regular Purchase APR 28.24% Variable
Sign-up bonus: $60 Amazon.com gift card upon approval Earning rate: Prime cardholders can earn 5% back at Amazon.com Why we picked this card: The Amazon Prime Store Card earns Prime cardholders can earn 5% back at Amazon.com and includes an Amazon gift card upon approval. And, if you need more time to pay off your items, cardholders have the option of 0% financing for larger purchases instead of earning rewards. This card is best for people who shop at Amazon frequently but don’t need to use the card at other retailers. Because it is a store card, purchases are limited to select Amazon-affiliate websites like Audible, Hoot and Comixology. It earns Prime cardholders can earn 5% back at Amazon.com and up to 15% on select, rotating items throughout the year. If you need extra time to pay off your purchases, some purchases are eligible for financing for up to 24 months.
Sign-up bonus: $60 Amazon.com gift card upon approval Earning rate: Prime cardholders can earn 5% back at Amazon.com Why we picked this card: The Amazon Prime Store Card earns Prime cardholders can earn 5% back at Amazon.com and includes an Amazon gift card upon approval. And, if you need more time to pay off your items, cardholders have the option of 0% financing for larger purchases instead of earning rewards. This card is best for people who shop at Amazon frequently but don’t need to use the card at other retailers. Because it is a store card, purchases are limited to select Amazon-affiliate websites like Audible, Hoot and Comixology. It earns Prime cardholders can earn 5% back at Amazon.com and up to 15% on select, rotating items throughout the year. If you need extra time to pay off your purchases, some purchases are eligible for financing for up to 24 months.
The information related to the Amazon Prime Store Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply. Side-by-side comparison of the best credit cards to help build credit
A credit score is a three-digit number used by lenders to help predict how likely you are to repay debts. Credit scores generally range from 300 to 850, and are calculated using information that’s been reported to the three major credit bureaus (Experian, Equifax and TransUnion) from previous or existing credit accounts. While the ranges vary depending on the credit scoring model, generally scores ranging from 300 to 579 are considered poor, 580 to 669 are fair, 670 to 739 are good, 740 to 799 are very good and 800 and above are considered excellent. You can check your credit score in a variety of ways without generating a hard inquiry, which won’t negatively affect it. For example, you can request a free copy of your FICO Score every 30 days through Experian, or sign up for a free credit score through My LendingTree. In addition, the Fair Credit Reporting Act (FCRA) requires each of the three major credit bureaus to provide individuals with one free credit report each year through AnnualCreditReport.com (they are currently available weekly), as well as any time that a company takes adverse action against you, such as rejecting you for a credit card or loan. The best secured credit card to build credit is one that reports to the major credit bureaus, charges a $0 annual fee, has a reasonable APR and provides the opportunity to graduate to an unsecured card and have your deposit refunded. Simply opening a new credit card can improve your credit. The new credit limit boosts your overall credit available and reduces your credit utilization ratio, a major scoring factor. Keeping a small balance by limiting purchases or making frequent payments also keeps utilization low. And making all payments on time will also rapidly improve your score, since payment history is the most important factor in credit scoring. Yes, credit cards to help build credit can improve your score in multiple ways. Maintaining a low utilization ratio shows that you can resist overspending. Paying your account on time each month highlights your ability to make payments over time. And having a good mix of credit between credit cards and term loans shows that you can handle different types of credit payments. Tracy Brackman
Tracy Brackman is a senior editor and credit card expert at LendingTree, where she writes and edits educational pieces on credit card-related topics and personal finance using her 12+ years of experience in the field. Before joining LendingTree in 2019, Tracy worked as a products editor for CreditCards.com, where she developed the credit card products section and created content focused on breaking credit card news. Prior to that, she worked as a product information manager for Bankrate, where she managed the financial and credit card product details and maintained compliance for two affiliate networks, as well as Bankrate-owned and operated sites. She began working in the credit card space in 2009 as the editorial department manager for FlexOffers, an affiliate marketing company. Tracy studied marketing at the Ohio State University and Florida International University. Read More The above offers and/or promotions may have since changed, expired, or is no longer available. Check the Issuers’ website for more details. Recommended ArticlesWhat type of credit card is Best for building credit?Best credit cards for building credit. Winner: Petal® 2 “Cash Back, No Fees” Visa® Credit Card.. Runner-up: Discover it® Secured Credit Card.. Best for cash back: U.S. Bank Cash+® Visa® Secured Card.. Best low deposit: Capital One Platinum Secured Credit Card.. Best for international applicants: Deserve Digital First Card™. What are two of the best credit cards to build your credit?NerdWallet's Best Credit Cards to Build Credit of November 2022. Petal® 1 "No Annual Fee" Visa® Credit Card: Best for No security deposit.. Discover it® Secured Credit Card: Best for A path to upgrade to a regular card.. Capital One Platinum Secured Credit Card: Best for Deposit flexibility + credit-building features.. What is the fastest way to build credit with a credit card?5 steps to build credit with a credit card. Pay on time, every time (35% of your FICO score) Paying on time is the most important factor in building good credit. ... . Keep your utilization low (30% of your FICO score) ... . Limit new credit applications (15% of your FICO score) ... . Use your card regularly. ... . Increase your credit limit.. What helps build credit the most?Try to make your payments on time and pay at least the minimum if you can. Paying credit card or loan payments on time, every time, is the most important thing you can do to help build your score. If you are able to pay more than the minimum, that is also helpful for your score.
|
What is the best credit card to help build credit
Related Posts
Copyright © 2024 en.frojeostern Inc.
