A beginner credit card is an excellent option for those who are just starting to get credit. These cards help you build a strong credit history that will eventually allow you to qualify for better terms later on. Some cards also offer rewards for good usage. In this article, we'll examine some of the best beginner credit cards. Our guide to visa credit cards for first access may be of interest to you. Listed below are some of the most popular beginner credit cards.
Capital One Venture Rewards Credit card
Capital One Venture Reward credit card is not for everyone. There are certain criteria that you must adhere to. However, bankruptcy does not automatically make you ineligible for the card. If you have missed any of your loan payments, the default will be removed from credit reports. In this case, you may have until your credit score reaches the mid-700s to be eligible to apply.
Citi Premier
Citi Premier(r), card may be right for you if a newbie is looking for a card that will reward you for your spending and offer travel rewards. The card comes with a $95 annual cost and rewards you for spending in popular categories. You can exchange your points for cash back or travel rewards. With the card you can also earn upto 80,000 ThankYou point for every dollar spent. This points can be converted into gift cards in the amount of $800.
Oakstone Platinum Secured Mastercard
The secure card offers many benefits to beginning consumers. It offers low APRs and a high credit limit, as well as reporting your payment history to the three major credit bureaus. You don't have to pay an annual fee and there are no penalty rates. It does not offer a reward program or signup bonus. The security deposit required for this card is $200. This is a small amount compared with other secured cards. You should also keep in mind that this card charges a foreign transaction fee of three percent.
First Access Visa Credit Card
The First Access Visa Credit Card may be right for you if you are new to credit cards. This credit card can be a great option for people with poor credit, as it can help improve your credit score. Your monthly credit card usage will be reported to the three major credit agencies. The high APR of this card for purchases means it is not the best option for those who aren't planning to make regular payments. MoneyGeek's standard methodology will provide you with an accurate score for credit.
Chase Sapphire Prreferred Card
The Chase Sapphire Preferred Card will be your best choice if you are new to the miles/points hobby. The Chase Sapphire Preferred Card has all the features a professional cardholder needs, but at an affordable price. The card comes with everything you need, including cash back and rewards. You'll be able to maximize your points because this card is new. You'll be amazed at how quickly your rewards add up!