A starter credit card is also called a beginner credit card or a first credit card and is designed for people with limited or no credit. The best starter cards tend to be secured credit cards and student credit cards as both are easy to get with no credit history and report monthly to the credit bureaus. There are some worthwhile unsecured options for beginners who aren’t in school, too.
Below, we’ll provide some more details on each type of starter card as well as some of the best starter credit cards to consider.
Best Starter Credit Cards
Types of Starter Credit Cards
Secured Credit Cards
Secured credit cards have some of the highest approval odds since they require a refundable security deposit as collateral. The security deposit will be equal to your credit card limit, keeping you from spending more than you can afford to repay. The security deposit also allows issuers to charge low fees.
Student Credit Cards
As the name states, student credit cards are geared to students and allow them the opportunity to build credit early. Since college and graduate students have high earning potential, card issuers also tend to give students favorable terms, such as low interest, no annual fees and good rewards. With some student cards, you may be required to provide proof of school enrollment.
Other Unsecured Credit Cards for No Credit
There are also some unsecured credit cards for people who have limited or no credit history but aren’t in school. Unlike secured cards, they do not require a security deposit to open the account, and some of them may even offer rewards. To check out those options, take a look at WalletHub’s list of the best unsecured credit cards for no credit.
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