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Building credit is something that you want to work on as early as you can and then as consistently as possible. It can take some time to really get your credit built up, especially if you have no credit or you have damaged credit.
One of the first things to consider is building your credit using credit cards. Credit cards are a great way to build credit and if you choose one of these cards, you will be well on your way to great credit.
- Capital One Platinum Credit Card – This starter card is one that has no annual fee so you just have to worry about what you spend and the interest rate. After you have made your first 5 payments on time, you also even get access to a higher credit line. This is a good way to get into the habit of making on time payments for a reward.
- Discover It Student Cash Back – This is a card just for students but it also has no annual fee. As a card holder, you can also sign up for 5% cash back in specific categories offered by Discover. Everything else will get you 1% cash back automatically.
- Secured Credit Card from Palmetto Citizen Credit Union – If you want to make sure you are limited with your spending or you have bad credit and cannot get a regular credit card, a secured credit card is your next option. Your limit is set at what you load onto the card, so you have full control but are building your credit at the same time.
If you would like to start with the secured card from Palmetto Citizen Credit Union, be sure to stop into a branch to get started with your application. We can also answer any questions you may have.
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