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 Travel Rewards Credit Card for Students
A Bank of America Rewards Credit Card for Students is an option for students looking to build their credit. There is no annual fee, and you can earn unlimited 1.5 points for every dollar spent. There are no blackouts and no restrictions on airlines or baggage fees. A sign-up bonus is available of 25,000 points that can be used to redeem $250 for travel.
Students applying for this credit card may also be able to check their credit score online. This way, they can understand the key factors that are affecting their credit score. In addition, they can track their recent score and compare it to national averages. This is especially helpful when you are moving from college to work. A higher credit score will improve your chances of getting approved for your first apartment and scoring the best credit cards.
Foreign transaction fees should be known by students. 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. Once per month, you can choose a different category for cash back. 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. This card offers a good cash-back program and a generous welcome bonus. It also allows for a seamless switch to an unsecured card after seven months. You can build your credit while still paying your bills on time.
To open your Discover it Secured account, you must make a $200 security payment. This is in the middle of the range for secured credit cards. Keep in mind, however, that after six months you will need to pay a balance-transfer fee of up five percent of the transferred amount. This fee is very low in comparison to the benefits you get from this card.
The Discover it Secured card also includes a generous welcome bonus. The company will match up to $200 of cash back you earn in your first year on the card. It's great because your credit score will rise if you pay your monthly bill on time.
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. This card is for people with poor credit to fair credit.
Petal 2 Visa Credit Card Application: Keep in Mind that issuers will conduct a credit check. The issuer will assess your financial records and banking history. If you have a bad credit history, your application will probably be declined. You'll want to pay off the balance in full before the due date so you don't incur any interest charges.
Petal 2 Visa Credit Card will help you build long-term credit. It provides features like credit monitoring and budgeting. It is also a great choice as a first card because it was specifically designed for people trying to build credit.