Best Credit Cards for Building Credit

Are you starting from scratch and need a credit card to build your credit score? Or perhaps you’re in the process of rebuilding after some financial hiccups. Either way, finding the right credit card can be a game-changer for your financial future. In this guide, we’ll explore some of the best credit cards to help build credit and how to choose the right one for your needs. Let’s dive in and see how you can kick-start your credit journey. MoneyLion can help you explore a wide variety of credit card options tailored to different needs and preferences. Start building your credit today with the right card for you.

How to choose a credit card to build credit

Choosing the right credit card to build credit can be overwhelming. Here are some tips to help you make the right decision:

1. Look for cards designed for building credit

Secured and student cards are typically easier to get approved for if you have no credit history.

2. Compare annual fees

Opt for cards with no or low annual fees to avoid unnecessary costs.

3. Check interest rates and APR

A lower APR can save you money if you carry a balance.

4. Ensure the card reports to all three major credit bureaus

This is essential for building your credit history.

5. Consider secured credit cards

These require a security deposit but can be a good starting point.

6. If applicable, consider student credit cards.

These often have lower fees and better terms for young adults.

7. Evaluate rewards programs

Some cards offer cash back or points that can add value.

8. Check for free credit score access

Monitoring your score can help you track your progress.

9. Look for automatic credit limit increase features

This can help improve your credit utilization ratio.

10. Read all terms and conditions carefully

Understand all fees, rates, and features before applying.

11. Consider cards with upgrade paths to better cards

Some secured cards can be upgraded to unsecured cards over time.

12. Avoid cards with high fees for basic services

These can negate any benefits you get from the card.

Choosing the Best Credit Card for Building Credit

Building credit takes time and the right tools. With the credit cards listed above, you have plenty of options to start building or rebuilding your credit history. Remember to use your card responsibly, pay your balance on time, and monitor your credit score regularly. With patience and diligence, you’ll see your credit score improve.

If you’d like to take further action to improve your credit, MoneyLion can help. MoneyLion offers a free and convenient way to find offers from our trusted partners to help you improve your credit — such as credit monitoring, credit report disputes, and getting credit by paying bills. A good credit score can lead to lower interest rates and increased borrowing power on loans and credit cards.

You've got questions. We have answers.

Can I get a credit card to build credit if I have no credit history?

How often should I use my credit card to build credit?

How long does it take to build credit with a new credit card?

What’s the typical credit limit on a credit-building card?

How can you effectively use a credit card to build a positive credit history without accruing debt?

Have More Questions?