Building Credit with Credit Cards

   Do you need to build credit? Are you maybe a young adult that has never before had a credit card? Or are you new to the United States without an established credit history? Maybe you are among those that simply need to build credit after surviving decades without applying for any form of loan.  Regardless of the category that you fit into, there is a credit card out there that is able to help you quickly build favorable credit.  In order to properly choose the right one for your needs, it is best to look for those that are specifically targeted at those with average credit, newcomers or students. 

       Should you find yourself unable to qualify for one of the card types listed above, you will need to consider applying for a secured credit card.  Regardless to whether the card is secured or unsecured, while being a new card holder, you should look for cards that have few fees, low costs and are easy to use.  The following will guide you through the top offering of cards that will be able to deliver you just that along with helping to build your credit quickly. 

Discover it Chrome for Students

     This is a credit card that is able to offer young adults and students a simple fee structure as well as low rates.  For instance, there is not a penalty interest rate nor is there an annual fee associated with this card.  Additionally, holders of this credit card will automatically have their fee late payment fee waived.  Discover it Chrome also offers the following:

·        2% cash back on upwards of $1,000 spent each quarter at restaurants and fueling stations

·        1% cash back on all other purchases

·        100% United States based customer service

·        Highly rated customer service in regards to customer satisfaction

BankAmericard Secured Card

     This is a credit card that does require a minimum security deposit of $300.  This security deposit helps to determine your credit limit.  In all other aspects, this is a card that performs no differently than a standard unsecure credit card.  Each month, cardholders must make a payment and will be charged interest should a balance be carried over.  Reminders can be set via account alerts that will notify cardholders vie either text or email as to when their bill is due.  After one year of opening the account, it will be reviewed and you will be able to qualify for a standard unsecured credit card.  Do note that the BankAmericard does have an annual fee of $39.

Capital One Platinum

    This is a credit card that is design specifically for those that currently have average credit.  This is an  offer you any rewards either.  It does come attached with perks that include the following:

·        Auto rental insurance

·        Price protection

·        Extended warranty coverage

Overview

    Basically, creditors want you to prove that you are fiscally responsible as well as diligent about repaying any and all debts that you incur.  Given the credit cards are residual debt, gaining one and being proactive in regards to repayment will build your credit quite rapidly.