We were recently featured as an ‘Expert’ by WalletHub and provided our professional insights on who this type of card is best suited for, how they work, the different options for establishing credit and what you should know about these types of cards.
A starter credit card is a credit card designed to help people with limited credit or bad credit establish and improve their credit standing (including students and immigrants). The best starter credit cards can help you build credit and save money.
WalletHub has found that starter credit cards usually have a $300+ starting credit limit, no annual fees, and rewards of up to 1% cash back on purchases. They also screened various starter cards and offered their own recommendations on the best starter credit cards.
As someone trying to grow their credit, look for beginner credit cards that allow you to pay as little as possible in fees and interest. As long as credit card holders pay their bills on time and in full every month, they will be able to build credit inexpensively with a good first-time credit card. After a few years’ experience managing credit, you should be able to qualify for regular credit card with a higher credit limit and possibly more features.
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