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The Best Credit Cards for Building (or Rebuilding) Credit

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Building credit is an essential part of life. Some of us do it easily, others have trouble. Whether you are far along in building credit or are working to improve your score, it is essential to know which credit cards can help you the most.


Thousands of credit cards are on the market, and it is hard to weed through them all to find the best one for you. Most credit-building cards have insanely high annual fees that most people want to avoid. Others have ridiculously high APRs. If you are looking to build or rebuild your credit, I’ve done the research for you. Here are my top three:


Winner: Ultra VX Visa
Annual fee: None
APR: 19.5 percent
Reports to all three major credit bureaus: Yes
Credit needed: Bad


The Ultra VX Visa card takes first place. With this card, you get instant approval when you apply online; there’s no credit check, and you don’t need a bank account. The reason this card is my top pick are the rewards it offers. You can get rewards to Amazon, iTunes, Barnes and Noble, Southwest Airlines, JetBlue, US Air, American Airlines, Marriott Hotels, Hilton Hotels, and more, with no restrictions.


First Runner-up: Public Savings Bank Classic Visa
Annual fee: None
APR: 0 percent for six months, then 11.24 percent
Reports to all three major credit bureaus: Yes
Credit needed: Bad


The Public Savings Bank Classic Visa card came in second place. This card has no annual or monthly fees and doesn’t have any credit, income, or employment requirements to qualify. It offers free fraud protection in case there is unauthorized use of your card, and there is no penalty APR. You can choose your credit limit ($200–$1500). The card can be used anywhere you see a Visa or Mastercard logo (which is pretty much everywhere).




Second Runner-up: American Octane Black Card
Annual fee: $129 setup fee, then $9.95 per month
APR: 0 percent
Reports to all three major credit bureaus: Yes
Credit needed: Bad


Last but not least is the American Octane Black Card. If you apply for this card, you only need to have bad credit to be approved. This card has an APR rate of 0 percent for the life of the card, and there are no hidden fees. The downside is that there is an initial fee of $129 to set up the card, and then it’s $9.95 per month to keep it active, but as I said, it has a lifetime APR rate of 0 percent, which no other card offers. This 0 percent APR rate is why it comes in third place.


If you are looking to build or rebuild your credit, try out one of these cards. As I said, my favorite is the Ultra VX Visa because of its rewards. Whatever card you pick, be sure it fits what you need from a credit card (i.e., if you want fraud protection, go with the Public Savings Bank Classic Visa).


Have a credit card you think is great for building or rebuilding credit that isn’t listed above? Share it with us in the comment section!


Originally published on GreenSherpa

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