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Our team of financial experts has scoured the market to bring you the best credit cards designed to help you establish or improve your credit score.
The list below includes a variety of options, from secured to unsecured credit cards, to meet the different needs of our readers.
Secured cards are ideal for those who have little to no credit history or have a poor credit score. With a secured card, you are required to provide a security deposit upfront, which serves as collateral in case you fail to make your payments.
Unsecured credit cards, on the other hand, do not require a deposit, but they may have higher interest rates and fees and ultimately, for those with poor-to-fair credit, harder to qualify for.
At MoneyMingo, we believe that everyone deserves a chance to improve their credit score, so this list represents some of the best credit options available for consumers in this stage.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
The Secured Chime Credit Builder Visa® Credit Card is an affordable option for those struggling to get a secured credit card. It has no fees or annual interest charges and allows you to use your deposit to pay off your balance at the end of each billing cycle.
However, your credit limit will decrease if you use your deposit to pay your balance, so it may not be suitable if you're short on cash. Overall, it's a flexible and low-risk way to build your credit history, and it doesn't require a minimum security deposit.