You can apply to for a variety of credit cards. Some cards are specifically designed for people with poor credit while others are for those with good credit. You will need to pay a security deposit before your card is approved. There are also student credit options.
Bank of America Travel Rewards Credit card for Students
If you are a student looking to build credit, consider using the Bank of America Travel Rewards Credit Card for Students. It is free of annual fees and earns unlimited 1.5 points on every dollar spent. It also has no blackout dates and no restrictions on airline or baggage fees. A sign-up bonus is available of 25,000 points that can be used to redeem $250 for travel.
Online credit scoring can be checked online by applicants for this credit cards. They will be able to see what factors affect their credit score. A credit score can be tracked and compared to national averages. This is especially helpful when you are moving from college to work. Higher credit scores will increase your chances of being approved for your first apartment.
Foreign transaction fees are something students should be aware. These fees can quickly add up, especially for students studying abroad. If students make $1,000 in purchases within 90-days of opening an account, they can still be eligible for the $200 signup bonus. You have the option to choose how you want your rewards. Once per month, you can choose a different category for cash back. For example, you could earn 1.5 points per $1 spent on gas, food, groceries, and home-improvement.
Discover it Secured Kreditkarte
Using a secured credit card is an effective way to build your credit. This card has a generous Welcome Bonus and a high cash-back program. After seven months, the card can be easily converted to an unsecured card. This way you can continue to build your credit but still be able pay your bills promptly.
You will need to make a $200 deposit in order to open an account for the Discover it Secured Card. This is in the middle category for secured credit accounts. The balance transfer fee can be up to five per cent of the transfer amount. This applies after six month. This fee is quite reasonable considering the card's benefits.
The Discover it Secured card also includes a generous welcome bonus. The company will match any cash back that you earn within your first year with the card. That's great, because if you pay your bill on time every month, your credit score will improve.
Petal 2 Visa Credit Card
While the Petal 2 Visa Credit Card might not be the best for building credit, it's an excellent choice for anyone looking to earn rewards on purchases and get a zero-fee card. This card has no annual fees and earns 1.5% cashback for eligible purchases. It's designed specifically for those with bad to fair credit.
Petal 2 Visa Credit Card: The issuer will run a credit check on your credit history. This will be done based on your bank history and digital financial records. You will be declined if your credit score is not good. To avoid interest charges, you will need to pay the entire balance off before the due date.
Petal 2 Visa Credit Card will help you build long-term credit. It provides features like credit monitoring and budgeting. This is an excellent choice for a first credit card and was designed for those who want to improve their credit score.