You can apply for credit cards, regardless of whether you're trying to improve your credit score or establishing good credit. Some cards are specifically designed for people with poor credit while others are for those with good credit. Certain cards can be secured. This means that you will have to deposit a refundable security fee before the card can be approved. There are also student credit options.
Bank of America Credit Card: Travel Rewards for Students
You can build credit by using the Bank of America's Travel Rewards Credit card for Students, if you are a student. There is no annual cost and unlimited 1.5 points per $1 on all purchases. There are no blackout dates or restrictions on baggage or airline fees. A sign-up bonus is available of 25,000 points that can be used to redeem $250 for travel.
Online credit scores can be checked by students who apply for the credit card. 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 useful for students who want to transition from college to adult life. A higher credit score will improve your chances of getting approved for your first apartment and scoring the best credit cards.
Foreign transaction fees are something students should be aware. These fees can add up fast, especially if students are abroad. However, students can still qualify for the $200 sign-up bonus if they make $1,000 in purchases within 90 days of account opening. You can also customize your rewards with this credit card. You can select a different category to receive cash back once per month. You can earn 1.5 points for every dollar you spend on gas, groceries, dining and home improvements.
Discover it Secured Card Credit Card
A secured credit card can be a great way to improve your credit score. The card comes with a generous welcome bonus and offers good cash-back. It also allows for a seamless switch to an unsecured card after seven months. This will allow you to continue building your credit, while still being able to pay your bills in full.
To open an account with Discover it Secured, you will need to deposit $200. This amount is about the average range for secured credit card cards. You should also remember that you will have to pay a fee for transferring balances up to 5 percent of the amount transferred after six months. This fee, however, is relatively low compared with the benefits this card offers.
The Discover it Secured card also comes with a generous welcome bonus. The company will match any cash back that you earn within your first year with the card. This is great as it will increase your credit score if every month you pay your 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. There are no annual fees, and you get 1.5% cash back for eligible purchases. It is designed for people with bad or fair credit.
The Petal 2 Visa Credit Card will require you to have a credit check. The issuer will assess your financial records and banking history. An applicant with poor credit history will most likely be turned down. 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 may help you to build credit over the long-term. It has features like credit monitoring, budgeting, and budgeting. It is a good choice as a card for your first, as it is designed for people who are looking to build their credit.