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Best Starter Credit Cards: 8 Options for Those New to Credit

best starter credit cards

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Credit Card, that small plastic in our pocket can be beneficial in many ways. There are dozens of card available, ranging from plain vanilla cards to student, reward and what not cards which can do much more than just postponing your payments. And if you maintain a good credit score, it can later help you, in getting a good mortgage for your financial issues.

Every card is made with a different perspective and a single issuer can have any or all of them. The situation can be very perplexing if you are looking for a credit card. When to start? The right time and its merit and demerits. But before you answer these questions, ask yourself, which company’s credit card you want.

A credit card company varies in their shapes and size, from being the titan of the industry to being nowhere. In case you’re hoping to get a new credit card, where do you even begin?

Look below and you will find 8 promising credit card companies which will give you a head start.

1. Milestone® Mastercard® – Less Than Perfect Credit Considered

Milestone® Mastercard® – Less Than Perfect Credit Considered is a subprime card which means that it is inclined towards issuers who has limited/bad/no credit score. Those who are interested in establishing or re-establishing their credit can apply for the card which gets issued by Bank of Missouri. The card offers a special feature where you can pre-qualify yourself to see whether you are going to be approved or not which will have no impact on your credit score.

Features –

  • Prequalify for a card today and it will not impact your credit score
  • Less than perfect credit is okay
  • Mobile account access at any time
  • Protection from fraud if your card is stolen
  • Account history is reported to the three major credit bureaus in the U.S.

It is advisable to pay your balance in full amount every month, which will also help in building up your credit and to avoid the interest, you will have a grace period of 25 days to pay your balance.

2. Indigo® Mastercard® for Less than Perfect Credit

Indigo® Mastercard® for Less than Perfect Credit is yet another different version of subprime credit which is ideal for those who have mediocre/low/no credit score. The card also provides a special advantage to get pre-qualified with no damage to your credit score. What makes Indigo® Mastercard® for Less than Perfect Credit different is that you can access your account from anywhere (mobile, tablet or desktop) and if you like you can get your own custom card designed for free.

Features –

  • Pre-qualify for a card today and it will not impact your credit score
  • Less than perfect credit is okay
  • Mobile account access at any time
  • Fraud protection for stolen or lost cards
  • Account history is reported to the three major credit bureaus in the U.S.

The Indigo® Mastercard® for Less than Perfect Credit comes with an interest-free period of 25 days. After that, you will have to pay a late payment fee of up to $40.

3. Credit One Bank

Credit one bank issues both MasterCard and Visa card with being the largest issuer of the latter one and these cards are most beneficial for those who have less than perfect credit. There are 3 available Credit one bank cards.

  • Cash Back Rewards Visa

With the minimum credit line of $300. This visa card comes with the APR rate of 17.99%-23.99 (variable), and an annual fee between $0-$99 with an additional feature to get 1% cash back on an eligible purchase and you can increase your credit line eventually.

  • Platinum Visa for Rebuilding Credit

The rebuilding credit card is good for those with the fair credit score. No enrollment fees and a credit line of $300 you can enjoy cash back of 1% on gas and it also come with travel insurance benefits.

  • Official NASCAR® Visa

The annual fees rate and APR rate is same as any other capital one credit cards but the difference is that you get a double cash back bonuses on all the purchases made at NASCAR.com and you can also choose a payment date that works for you.

All the cards from Capital one bank come with the pre-qualify option and you also get your customized card from the available options.

4. Unique Platinum

If you are a frequent online purchaser then unique platinum is your option but with this shopping card, you will only be able to purchase at My Unique Outlet. The Unique platinum card is a store card to buy items from electronics to toys and luggage section. There is no recommended credit score, any credit is welcome.

Features –

  • Annual fees of $0
  • A Credit line of $1,000
  • Return payment fees of $30
  • Late payment fees of $10

Unique Platinum comes with an easy approval process, you are only required to be above 18 years old and is a U.S. citizen. The good part is you will receive APR on all purchases.

5. Capital One

Whether you can have an excellent credit score or fair or bad, there is a credit card available in every category. With at least 45M cardholder, Capital one offers a 24/7 customer service and provides premium benefits for everyone.

  • Capital One Cash Reward Credit Card

With APR ranging from 13.74% to 24.99%, you may or may not have to pay the annual fees. Cash Reward credit card is for those with an excellent to fair credit score.

  • Capital One Quick Silver Card

You get an annual fee of $0 and 0% intro APR for 15 months in both purchase and transfer. 1.5% cash back on every purchase. Another special bonus is of $150 onetime bonus when you spend $500 within 3 months from the accounting opening.

  • Capital One Platinum Credit Card

The Platinum card offers you an annual fee of $0 as well as fraud coverage with no additional charges. You can have a higher credit line if your first 5 payments are on time. With an APR rate of 24.99%, you also get additional benefits of Auto rental insurance, 24-hour travel assistance services, 24-hour roadside assistance, and Travel accident insurance.

  • Capital One Secured MasterCard

Secured MasterCard is perfect for those who are looking to rebuild their credit score, with $0 annual fees but you have to pay a security deposit of $49, $99, $200 depending on your creditworthiness. You can get a maximum credit line of $1,000 with an APR rate of 24.99%.

6. First Access Visa® Card

First Access Visa® Card is yet another card which helps to rebuild your credit and requires no cash collateral. You will be required to pay an $89 onetime fee as processing fees. You can use this card to make payment for merchandise all over the nation.

Features –

  • APR rate – See Terms
  • Annual fees – See Terms
  • Your card report is checked by major 3 credit bureaus which can improve your credit score.
  • A Minimum credit line of $300.
  • Late payment fees of $39.

The good part about First Access Visa® Card is that it is an unsecured card which means that those who are having a less than perfect credit score are not required collateral to open the card.

7. Horizon Gold

Horizon Gold is suited for those who have a poor credit score with a limited income. If you are a frequent visitor of Horizon outline store, you don’t have to look anywhere, the card is exclusively made for Horizon outlet.

Features –

  • APR rate of 0%
  • Annual fees – See website for Details*
  • Additional benefits include roadside assistance, discounts on prescription medicines, and access to My Legal Assistance benefits.
  • A Minimum credit line of $500.

Being a store card, Horizon Gold is still different from others as it doesn’t require documentation and will not run a credit check which is ideal for those that keeps on getting denied. But keep in mind that, the card has a late payment of $20 which is although less than other credit cards but still, don’t forget to pay your monthly bills.

8. Discover It

Discover it credit card has 6 different cards to choose from and each card covers a different role. From cash back to miles, secured, balance transfer. Discover it has around 57M cardholder. With its easy to apply option, you can good offers for student and business as well.

Features –

  • APR rate of 13.74% – 24.74%
  • Annual fees of $0.
  • Credit range of excellent to fair (only secured card is for poor-bad-no credit).

For every card, you get 5% cash back at different purchases. Be it at gas, restaurant or stationary. One special discover card is their NHL Discover It which let you save 10% whenever you shop at Shop.NHL.com

Final Thoughts

The Card that I recently applied for, gave me 100,000 travel points which is around $1500 in free travel card (Pretty much paid for my vacation). So, no matter what your credit score is, take time to choose the right card and offer for you and with the right knowledge, not only you will be able to make the right decision but enjoy benefits that come along with it.

Read more: 9 Best Student Credit Cards of 2018


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