Sentences with phrase «rated starter credit cards»

Not exact matches

Without a strong credit score, credit history, credit background, you may need to take out a starter card that has no rewards, a higher interest rate, or one that has an annual fee, or even a secured card that requires you to provide a cash deposit for collateral.

Starter credit cards have higher interest rates and modest spending limits to provide a reasonable starting point for you and the lender.

For starters, the way they work is exactly the same — you pay with your credit card at the store or restaurant, you have a grace period before payment is due, and the credit card has an interest rate that is billed for any balance carried past the grace period.

While they may have higher annual fees or lower (or nonexistent) rewards rates, these «starter» cards can be a great way to build your credit score, making those premium cards a less - distant reality.