Tue. Jan 31st, 2023

Top 10 Credit Cards To Improve Credit in 2023

Optimizing your credit score in a looming recession might be somehow more difficult than usual. Having a good to excellent credit (670-850) means an easy access to favorable and less expensive loan and credit card options, which facilitate easy financial access like loan for a mortgage.

There are financial products that are designed to help you begin building credit with little to no credit history, such as secured credit cards and cards with alternative approval requirements. The following are examples of cards that help in improving credit score.

1. Petal® 1 “No Annual Fee” Visa® Credit Card

Individuals with less than perfect  credit score may be able to build a stronger credit profile by using the Petal 1 Visa Credit Card responsibly. It’s one of a tiny batch of credit cards aimed at those without great credit that don’t require an upfront security deposit.

It charges $0 Annual Fee and variable APRs range from 22.24% – 31.74%.

Apply via https://www.petalcard.com/welcome

2. Avant Credit Card

This card is best suited for people with a fair credit. It has no security deposit requirement. While they charge an annual fee of $59, there are no exploitative charges such as processing or application fees or monthly maintenance charges. Once used responsibly, it will help strengthen your credit history. Additionally, it offers a Mastercard® ID Theft Protection by Mastercard, lowering your chances of bad credit as a result of identity theft and your credit score does not get affected when you check your eligibility status.

Apply for this card via https://www.avant.com/apply/151626842

3. Tomo Credit Card

Classifies as the best for people with solid financial standing. It offers a credit limit of up to $10,000, charges no interest or annual fee and does not check for credit history. Additionally, it is available to Non-US citizens and awards a cash back of 1% on all eligible purchases whilst requiring no security deposits.

Apply now via https://tomocredit.com/

4. Jasper Cash Back Mastercard®

With offering of up to 6% cash back on everyday purchases, this is best for referral boost to rewards rate. Additionally it has no annual fee, no security deposit and no foreign transaction fees. It is aimed at all credit score categories between 650 to 699, representing excellent, good and fair.

Apply via https://www.jaspercard.com/

5. U.S. Bank Altitude® Go Visa® Secured Card

It is one of the best secured card offerings on dining rewards. This is because you earn 4x points on dining and takeout, 2x points at grocery stores, gas stations and on streaming services and 1x point on all other eligible purchases with additional $15 streaming credit for annual streaming service purchases like Netflix and Spotify.

Apply now via https://www.usbank.com/credit-cards/altitude-go-secured-visa-credit-card.html

6. Capital One Quicksilver Secured Cash Rewards Credit Card

Considering that you have some credit history already, and a limited-bad credit score, this credit card will improve your score. With a few downsides, like high APR and security deposit requirement, it has no annual/foreign transaction fees attached and offers unlimited 1.5% cash back reward on all eligible purchases. When used reasonably, it can build your credit score exponentially over a period of time.

Apply via https://applynow.capitalone.com/

7. U.S. Bank Cash+® Visa® Secured Card

This is best for high rewards on a secured card for a bad-poor credit score. It offers a way to choose your own bonus adventure from a list of everyday common sending areas with high reward earning potentials and no annual fee. Additionally, it offers a total of about 10% cash back in combined eligible purchases and you choose your preferred payment due date.

Apply for this credit card via https://www.usbank.com/credit-cards/cash-plus-secured-visa-credit-card.html

8. Discover it® Student Cash Back

This is the best first credit for students starting to establish credit. It offers students a reward of 5% cash back on everyday purchases at different places each quarter. Applying for this card requires no credit score.

Apply now via https://www.discover.com/products/student-it-af.html

9. Discover it® Student chrome

If you’re a student building credit, the Discover it® Student chrome is an excellent starting point on your credit journey. You’ll gain access to a respectable rewards program and reasonable APR, with no annual fee attached. It is best for students who mostly spend on gas and dining. Additionally, it offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, as well as an unlimited 1% cash back on all other purchases.

Apply via https://www.discover.com/products/student-chrome-af.html

10. Deserve® EDU Mastercard for Students

This card from Mastercard is best for students without any credit history. It is a solid option with no annual fee and a flat 1% cash back reward with useful cell phone protection benefits and a 1 year Amazon Prime Student as Welcome bonus.

Apply for this credit card via https://www.deserve.com/apply-for-deserve/

In Conclusion:

These cards have been curated for people new at credit or just starting at credit cards. They offer good chances for building strong credit. Whether fair credit, average credit, bad credit or no credit history at all, you can join the ranks of excellent credit scores with some of these cards. You start by knowing your spending types and needs, then make the right credit card choice.

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