Hello everyone and welcome to today’s article on Best Credit Cards to Improve your Credit Score. Whether you have a bad credit history or want to rebuild your credit, there are credit cards designed to help you. Building a good credit score is very important as you may get approved for certain financial products.
The best credit cards designed to build your credit have low rates, provide free credit scores, and also report monthly to credit bureaus. Here are some of the best credit cards that would help improve your credit score;
Table of Contents
#1 Discover it Secured Credit Card
The Discover it Secured Credit Card is a credit card that requires a security deposit and gives cardholders access to several benefits such as cashback programs, no annual fees, a welcome bonus, and no foreign transaction fees. This credit card allows you to upgrade to an unsecured card after several months of responsible use.
Pros
- Cash back rewards programs
- Welcome bonus
- After seven months of account opening, Discover will review your card account to see if you upgrade to an unsecured line of credit
- Free FICO score access each month
- No annual fees
Cons
- Requires security deposit
With the Discover it Secured Credit Card, cardholders earn 2% cash back at gas stations and restaurants on up to $1000 in combined purchases, plus cardholders can also earn unlimited 1% cash back on all other purchases.
How to Apply for the Discover it Secured Credit Card
To apply for Discover it Secured Credit Card;
- Using an internet connected web browser, go to https://www.discover.com/products/secured-card-af.html?sc=GEGX&irgwc=1&gclid=_jfxxxanw6ckfb1bl639nbkvdg32x63ozjxr1ukhg00&sid=04505397&pid=1955282&aid=568217&source=Affiliates&sku=109
- Click Apply Now
- Enter your ZIP Code
- Fill in the last four digits of your Social Security Number
- Enter your date of birth
- Click Continue
Follow the prompts to complete the process.
#2 Capital One QuicksilverOne Cash Rewards Credit Card
This credit card is a great option for those with average or fair credit. It offers cash-back rewards, and can also help in building better credit. This credit card also offers a credit limit increase after six months of account opening.
Pros
- Cashback rewards
- No foreign transaction fees
- Rewards don’t expire
Cons
- Has an annual fee of $39
- Higher than average APR
- No welcome offer
- No intro APR offer
The Capital One QuicksilverOne Cash Rewards Credit Card allows cardholders to earn unlimited 1.5% cash back on the everyday purchase.
How to Apply for the Capital One QuicksilverOne Cash Rewards Credit Card
To apply for this credit card;
- Using an internet connected web browser, go to https://applynow.capitalone.com/?irgwc=1&external_id=IRAFF_ZZ2876fa2e710c4bc5af295045c4a803b3_USCIR_K102401_A344893L_C10623810Nc4cf11edbf50911c9d6033f_S42154_P&transid=&marketingChannel=P23235&oC=COh7rTP9h&productId=21466
- Enter your names
- Click Continue
- Fill in the required information and submit
Follow the prompts to complete the process.
#3 Petal 2 Visa
This credit card is beneficial to those who want to build their credit. This card has no annual fees, no balance transfer fees, no late payment fees, and no foreign transaction fees. It also requires no security deposit and offers a rewards program with a 1% cash back on eligible purchases, which can increase to 1.5% cash back after you make on-time monthly payments.
Pros
- No annual or foreign transaction fees
- No security deposit
- No credit history required
- Cash back rewards on eligible purchases
Cons
- No welcome bonus
- No special financing offers
This credit card is designed for people who want to build their credit. It offers cashback rewards, and also offers credit limit increases after six months.
How to Apply for the Petal 2 Visa Credit Card
To apply for the Petal 2 Visa Credit Card;
- Using an internet-connected web browser, go to https://www.petalcard.com/welcome?clickid=vqervmqmyxynwrpvyjz8swbdukaro1wbv1ou2q0&utm_source=ir&utm_medium=affiliate&utm_campaign=cnbc%20select&utm_content=1877131_559614&utm_adid=559614&utm_adname=petal%20card%20feed%20ad&utm_pid=1877131&utm_sharedid=&irgwc=1
- Click Apply Now
- Fill in the required information such as your email address, name, phone number, address, SSN/ITIN
- Select your employment status, income information and housing type
- Agree to the terms and conditions
- Click Continue
Follow the prompts to complete the application process.
#4 U.S Bank Cash Visa Secured Card
The U.S Bank Cash Visa Secured Card is a secured credit card with no annual fees. People who want to build their credit or improve their credit score while earning cash-back rewards should consider applying for this card.
New Cardholders will be required to make a security deposit which acts as your credit line. Although, if you spend within your credit limit, and pay your bill on time, your card will be upgraded and your security deposit will be returned.
Pros
- Cash back rewards for everyday spending
- No annual fee
- The card can be upgraded to an unsecured one if payment of bills is done on time
Cons
- Requires a security deposit
- It also has a higher-than-average APR
- No welcome bonus
- Has foreign transaction fees
Cardholders can earn 5% cash back on their first $2000 in combined eligible purchases each quarter in two categories you choose, 2% cash back on eligible purchases of their choice in one everyday category, and 1% cash back on all other eligible purchases.
How to Apply for the U.S Bank Cash Visa Secured Card
To apply for U.S Bank Cash Visa Secured Card;
- Using an internet-connected web browser, go to https://www.usbank.com/credit-cards/cash-plus-secured-visa-credit-card.html
- Click Apply now
- Fill in the required information
- Click Save & Continue
Follow the prompts to complete the application process.
#5 Capital One Bank Platinum Secured Credit Card
The Capital One Bank Platinum Secured Credit Card is a good option for people who want to rebuild their credit or improve their credit score. It has no annual fee and has a security deposit that varies based on your creditworthiness. Capital one also considers cardholders for a higher credit line after 6 months of account opening with no additional deposit required.
Pros
- No annual fee
- No foreign transaction fees
- Credit limit increase after 6 months of account opening
Cons
- Has a higher-than-average APR
- No welcome bonus
- No cash-back rewards
- Requires security deposit
- No rewards program
How to Apply for the Capital One Bank Platinum Secured Credit Card
To apply for the Capital One Bank Platinum Secured Credit Card;
- Using an internet-connected web browser, go to https://www.capitalone.com/credit-cards/platinum-secured/?irgwc=1&external_id=IRAFF_ZZ9d92fcbfbf374f00bd2dddd57bd2a0cb_USCIR_K102401_A344893L_Ccfdf9a59Nc4d111eda3954b06f1f2284_S44009_P&transid=&marketingChannel=P23235&oC=COh7rTP9h
- Click Apply Now
- Enter your names
- Click Continue
- Fill in the required information and submit
Follow the prompts to complete the application process.
More importantly, after securing these credit cards you should make sure pay your bill on time each month and stay well below your credit limit.