If you're new to credit and looking to get started, these are the 7 best cards to consider - Business Insider

Finally, the Petal Visa Card is a newcomer on the scene, yet it could be ideal for anyone who wants to build good credit that lasts. This card comes with a minimum credit limit of $500, although there's no annual fee and no fees on late payments. You'll earn a flat 1% back on all your purchases for the first year, but you have the opportunity to graduate to 1.5% back after you've made 12 on-time payments on your credit card.

are the easiest to get approved for. This type of credit card requires an initial cash deposit to secure a line of credit that is typically for the same amount. For example, you may put down a cash deposit of $500 in order to secure a $500 line of credit. As you make payments each month, those payments will be reported to the three credit bureaus. Over time, you'll build a history of responsible credit use that can help boost your credit score.You can have one credit card or several. It's totally up to you.

Petal would be great if they reported your payments even have the time. You also cannot get cash advances. They will not increase your limit ever. They have high APR. If all that was fixed they would be the best credit card.

It’s always best to do research on credit cards before jumping right in and getting one.

After seeing that Young People's biggest wish is to stay debt free, I'm surprised there's not a new type of credit card to try and fit the bill, or maybe there is and we just haven't seen it yet!

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IHG Rewards Premier Card offering a 140,000-point sign-up bonus - Business InsiderThe IHG Rewards Club Premier credit card is offering its highest-ever sign-up bonus: 140,000 points after you spend $3,000 in the first three months.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Venezuela is considering the privatization of its state-owned oil industry, report says - Business InsiderPresident Nicolas Maduro has considered selling shares of the state-owned industry as the country faces economic crisis, Bloomberg reports. Oligarchy begins..
Source: BusinessInsider - 🏆 729. / 51 Read more »

Walmart tests higher starting wage in 500 stores, talent war increases - Business InsiderWalmart has created two new positions in 500 stores that will start at more than the standard $11 an hour for Walmart employees. Walmart products from China ... Stop using paper money and coins to avoid CORONAVIRUS SARS2 spread ... use Digital money or Cryptocurrency bitcoin $BTC $XRP Use mask is traffic areas, wash hands with alcohol
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 17 best resorts in the world, according to travelers - Business InsiderAfrican safari spots, castles in Ireland, and one converted sheep farm are among the world's best resorts — but only one in the US made the cut. Kenya is definitely next shortleft 🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »

4 things to know about getting divorced, according to a financial planner - Business InsiderYour finances will take a big hit during a divorce, Here's what a financial planner says you need to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »