For a new credit card applicant, this type of card may be the only option, but it opens the way towards establishing favorable credit history and better credit cards in the future. (lendedu.com)
This helps to build favorable credit history with your lender and looks good to potential lenders in the future when you need to borrow money. (badcreditloanservices.com)
If you have a higher credit score and favorable credit history, you'll have a better chance of qualifying for a personal loan and cheaper rates. (studentloanhero.com)