When it comes to building credit, having a credit card is one of the most effective tools you can use. By making on-time payments and keeping your credit utilization low, you can improve your credit score over time. If you’re looking for the best credit cards for building credit, you’ll want to choose one that offers benefits such as low fees, rewards, and good customer service.
One key feature to look for when selecting a credit card is the ability to use it for cash advances. A cash advance allows you to withdraw cash from your credit card at an ATM or bank branch. While it’s not recommended to rely on cash advances regularly, having this option can be convenient in emergencies.
One credit card that offers cash advance capabilities and is great for building credit is the Discover it Secured Card. This card requires a security deposit, but it also offers cash back rewards on purchases. With responsible use, you can upgrade to an unsecured card and receive your deposit back. The Discover it Secured Card reports to all three credit bureaus, helping you build credit over time.
Another top credit card for building credit is the Capital One QuicksilverOne Cash Rewards Credit Card. This card is designed for those with average credit scores and offers 1.5% cash back on all purchases. The Capital One QuicksilverOne card reports to all three credit bureaus, helping you improve your credit while earning rewards.
For those looking for a credit card with no annual fee and cash back rewards, the Chase Freedom Unlimited card is a great option. This card offers unlimited 1.5% cash back on all purchases and a $150 sign-up bonus after spending $500 in the first three months. The Chase Freedom Unlimited card also reports to all three credit bureaus, making it a solid choice for building credit.
If you’re a student looking to build credit, the Discover it Student Cash Back card is an excellent choice. This card offers cash back rewards on purchases, a good grades reward, and no annual fee. The Discover it Student card reports to all three credit bureaus, helping students establish a positive credit history.
In conclusion, when it comes to building credit, choosing the right credit card is crucial. Look for a card that offers cash advance capabilities, low fees, rewards, and good customer service. By using your credit card responsibly and making on-time payments, you can improve your credit score over time and achieve financial stability.
