Easiest Credit Cards To Get Approved For

Are you eager to build your credit score but struggling to get approved for a credit card? Don't worry - we've got your back! In this article, we will introduce you to the easiest credit cards to get approved for, increasing your chances of entering the world of responsible credit card usage and boosting that all-important credit score. Whether you're a student, new to credit, or recovering from a financial setback, we've got options for you.

Secured Credit Cards: Starting from Scratch

If you're new to credit or rebuilding your credit history, secured credit cards are often the easiest credit cards to get approved for. These cards require a security deposit, which is usually equal to your credit limit. The deposit protects the issuer in case you default on your payments. As you demonstrate responsible usage, your credit score will improve, potentially leading to eligibility for better cards in the future. Here are a few options:

• Discover it® Secured: This card comes with no annual fee and offers rewards on purchases, such as 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases per quarter) and 1% back on all other transactions. The card also provides free access to your FICO credit score, giving you a chance to monitor your progress.
• Capital One Platinum Secured: With no annual fee, this secured card helps you build credit by reporting your payment history to major credit bureaus. The initial deposit can be as low as $49 and is refundable. Plus, you may be eligible for a higher credit limit after making your first six monthly payments on time.

Student Credit Cards: Perfect for Beginners

If you're a student looking for your first credit card, there are options tailored specifically for you. These cards often have lower credit requirements and offer perks to help you establish a solid credit history. Check out these two student credit cards:

• Discover it® Student Cash Back: This card offers 5% cash back on rotating categories (up to a quarterly maximum; activation required) and 1% back on all other purchases. It also rewards good grades with a $20 statement credit each year your GPA is 3.0 or higher (for up to five years).
• Bank of America® Cash Rewards for Students: With no annual fee, this card gives 3% cash back on a category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined purchases per quarter), and 1% on everything else. Plus, earn a $200 cash rewards bonus after making at least $1,000 in purchases within the first 90 days of account opening.

Retail and Store Credit Cards: Easing Entry into Credit

Store credit cards are often easier to get approved for than traditional cards, making them a good option for those with poor or limited credit history. However, keep in mind that store cards often have higher interest rates and may have limited usability outside the specific retailer. Here are a few examples:

• Target REDcard™: This card comes with no annual fee and offers a 5% discount on Target purchases, free shipping on most Target.com orders, and an extended return period (extra 30 days).
• Amazon Prime Store Card: Although it requires an Amazon Prime membership, this card offers 5% back on Amazon.com purchases, has no annual fee, and provides access to exclusive financing offers on large purchases.

Easiest Credit Cards To Get Approved For Example:

Imagine that you're a recent college graduate with limited credit history. To build your credit score, you decide to apply for the Discover it® Secured credit card. You submit a $200 deposit, which becomes your credit limit, and use the card responsibly - making purchases and paying the balance in full each month. Within a year, your credit score has improved significantly, and Discover may upgrade you to an unsecured credit card, refund your deposit, and increase your credit limit. All your hard work has paid off, and you're now eligible for better credit cards.

Now that you're familiar with the easiest credit cards to get approved for, you can confidently tackle your credit journey. Just remember that responsible credit usage and timely payments are crucial for improving your credit score. Feel free to share this article with friends or family who could benefit from this knowledge, and don't forget to explore other informational guides on Flik Eco for more tips on personal finance, investing, and more! Happy credit-building!