Whether you’re planning to build your credit for the first time or you’re looking to increase the amount of money you have available for loans, finding the right credit card for you can be a daunting task. Thankfully, there are several options available, including secured and unsecured cards, which can help you get on the road to building good credit. Here are some of the best first credit cards you can apply for in December 2022.
Petal 2 “Cash Back, No Fees” Visa Credit Card
Designed for people with little to no credit history, the Petal 2 “Cash Back, No Fees” Visa Credit Card is a credit building tool that offers a cash back rewards program. It’s free to apply for and comes with a user-friendly app that helps users build their credit through proper spending and budgeting. The company also offers an account freezing feature that prevents credit cards from being used when there are no funds available.
The Petal Visa Credit Card allows cardholders to earn cash back by making purchases at select merchants. It offers a unique cash back program that incentivizes consistent monthly payments.
It also offers a preapproval feature that reports to all three major credit bureaus. It also offers a cash back rewards program that uses a tiered cash back system. The first six months, the rate increases to 1.25 percent, while the rate increases to 1.5 percent after 12 months of on-time payments. The Petal Visa Credit Card has no annual fee and a zero foreign transaction fee.
DCU Visa Platinum Secured Credit Card
Among the many options available, the DCU Visa Platinum Secured Credit Card is a good choice if you are looking for a card that will give you a great interest rate. It has an APR of 8.5 percent for purchases and cash advances. It has no annual fee and charges no foreign transaction fees. It is compatible with Apple Pay and Google Pay. It offers optional overdraft protection. It reports to all three major credit bureaus. It also offers free rental car insurance.
A DCU Visa card is a great way to build or rebuild your credit. It is a no-annual-fee card with 2% cashback on select purchases. It is accepted at more than 200,000 stores. It reports to all three major credit bureaus and has a free credit score. It also provides access to Citi Entertainment, which gives you early access to presales.
The DCU Visa Platinum Secured Credit Card has an embedded EMV chip, which will protect your information. It also works with Apple Pay, Google Pay, and Samsung Pay.
U.S. Bank Cash+(r) Visa(r) Secured Card
Choosing a secured card is a great way to build credit and stay on top of your score. You’ll find that the best cards have low annual fees and significant rewards for everyday spending. Typically, you’ll earn 1% cash back. But check out the bonus categories for more details.
You’ll also want to look for a credit card that offers a free credit report and score monitoring. These types of cards usually report to all three credit bureaus.
Another thing to consider is the security deposit required for the card. Some issuers impose a stiff annual fee, while others have a much lower minimum deposit. Some even allow installment payments. This could be a good option if you have a limited bank account.
In addition to the usual cashback rewards, you’ll find that some card issuers offer a rewards program. You can earn points, which are redeemable for statement credit or a cash reward.
Discover Credit Card
Whether you are an established credit card user or you are starting out, the Discover Credit Card may be a great choice for you. These cards offer many perks and rewards. In addition, they can help you build your credit while minimizing fees.
If you are interested in a credit card with no annual fee, Discover cards may be the perfect option for you. You can expect to receive cash back on every purchase, including travel expenses. These rewards can be redeemed for statement credits or gift cards. In addition, you will be given free FICO(r) scores on your monthly statements.
In addition to a no annual fee, Discover offers an unlimited cash back match on the first year of card membership. There are also no foreign transaction fees and a 0% introductory APR on purchases and balance transfers. In addition, you will not be charged a late payment fee on the first late payment.