2021's Best Credit Cards for Building Credit History

2021's Best Credit Cards for Building Credit History

Find the best credit cards to build your credit history in 2021. Compare features and benefits to choose the right one for you.

18/05/2023
Rachel Nguyen
Rachel Nguyen
Web Developer and Technology Writer
Rachel is a software engineer who focuses on web development. She has experience building custom web applications for businesses of all sizes. Sarah is also a skilled writer and enjoys sharing her knowledge of web development with others.

Introduction

Building a good credit history is essential for financial stability and success. One of the best ways to start building credit is by using a credit card responsibly. However, for those who are new to credit, finding the right credit card can be overwhelming. The good news is that there are many great credit cards available that are perfect for building credit. In this article, we’ll take a look at the best credit cards for building credit history in 2021.

Secured Credit Cards

Secured credit cards are a great option for those who are new to credit or have a low credit score. These cards require a security deposit, which serves as collateral for the credit limit. This deposit is usually equal to the credit limit, and it’s refunded when the account is closed or upgraded to an unsecured card. One of the best secured credit cards for building credit history is the Discover it® Secured Credit Card. This card offers cashback rewards on all purchases, and it reports to all three credit bureaus. Additionally, after eight months, Discover will review your account to see if you qualify for an upgrade to an unsecured card.

Student Credit Cards

Student credit cards are designed for college students who are new to credit. These cards usually come with lower credit limits, which can help students avoid overspending. Additionally, many student credit cards offer rewards on purchases, making them a great option for building credit and earning rewards at the same time. One of the best student credit cards for building credit history is the Discover it® Student Cash Back. This card offers cashback rewards on all purchases, and it has no annual fee. Additionally, Discover will review your account after eight months to see if you qualify for an upgrade to an unsecured card.

Unsecured Credit Cards

Unsecured credit cards are not secured by a deposit, which means they can be more difficult to get approved for. However, these cards offer higher credit limits and more rewards than secured or student credit cards. If you have a good credit score or a stable income, an unsecured credit card can be a great option for building credit. One of the best unsecured credit cards for building credit history is the Capital One® QuicksilverOne® Cash Rewards Credit Card. This card offers unlimited 1.5% cashback on all purchases, and it reports to all three credit bureaus. Additionally, after five months of on-time payments, Capital One will review your account to see if you qualify for a credit limit increase.

Conclusion

Building credit history takes time and effort, but using the right credit card can make the process easier. Whether you’re new to credit or looking to improve your credit score, there’s a credit card out there that can help you achieve your goals. Consider one of the options listed above, and start building your credit today.

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