A credit building credit card is a type of credit card that is designed to help people with no credit or poor credit build their credit history. These cards typically require a security deposit, which is a sum of money that is held by the issuer as collateral. The credit limit on the card is then equal to the amount of the security deposit.
If you are looking to build your credit history or improve your credit score, a credit building credit card can be a great way to get started. Just be sure to use your card responsibly and pay your bills on time.
Points and Cash. Some credit building credit cards offer cash back, like the U.S. Bank Cash+® Secured Visa® credit card or points like the U.S. Bank Altitude® Go Secured Visa® Card. Credit building credit cards that offer cash back or points allows for both the opportunity to build credit in a responsible manner and to earn rewards while you spend.
If you are considering getting a credit building credit card, there are a few things you should keep in mind:
If you use your credit building credit card responsibly, you can start building your credit history and improving your credit score. This can lead to more favorable loan terms and other financial benefits in the future.
U.S. Bank Secured Visa® Card
U.S. Bank Altitude® Go Secured Visa® Card
U.S. Bank Cash+® Secured Visa Card