If you haven’t given your credit score much thought, it’s time to change that. Building credit is important for many reasons. Without a solid credit history, you can have trouble qualifying for a mortgage, car loan, or even a rental home.
Your credit score can even impact your insurance rates and ability to obtain certain jobs. Building credit doesn’t take much more than establishing credit accounts like credit cards and using your credit responsibly with on-time payments and maintaining a low balance. If your credit is about average but it could use some work, these unsecured credit card options are a good place to start. Here are some of the best cards for average credit and the benefits they offer.
Capital One QuicksilverOne Cash Rewards
With fair credit or better, you can qualify for decent rewards credit cards although you will usually need to pay an annual fee. The QuicksilverOne card is one of the best options if you want a flat rebate on your purchases without hassles, rotating categories, or expirations. The card earns an unlimited 1.5% back on everything you buy but there’s an annual fee of $39.
Journey Student Rewards from Capital One
If you are a student, it can be easier to qualify for solid cards with good benefits even while you’re building credit. The Journey Student Rewards card is one of the best examples. This unsecured credit card earns a flat 1% back on all spending plus a 0.25% bonus when you pay on time. This means you are rewarded not just for spending but also for on-time payments that help you improve your credit score. The card has no foreign transaction fees when outside of the U.S. and no annual fee. You will even get an automatic credit limit increase once you make your first five payments on time.
Chase Freedom Unlimited
If you have an established credit history but you’ve made a few mistakes, you may be a good candidate for the Chase Freedom Unlimited card. This card is similar to the QuicksilverOne card from Capital One with an unlimited 1.5% back on all purchases. It does offer a few other benefits. The Freedom Unlimited comes with a $150 sign-up bonus if you spend at least $500 during your first three months. It also comes with a 0% intro APR for 15 months on balance transfers and purchases. Unlike the QuicksilverOne, the Chase Freedom Unlimited has no annual fee.
Capital One VentureOne
If you prefer miles over cash back, the VentureOne card is one of the best unsecured credit card options available for average credit. The VentureOne card has no annual fee and it earns a flat 1.25x miles on all purchases. You can also earn 10x miles when you shop through the online Venture hotel portal with thousands of properties around the world. You can use your miles to fly on any airline or stay at any hotel with no blackout dates. Miles never expire. The card also has no foreign transaction fees for the perfect travel card.
Discover It Student
Another great cards for students with good or average credit is the Discover it Student card. This unsecured credit card is similar to the regular Discover it card with a strong rewards program. You’ll earn 5% cash back on up to $1,500 per limit in rotating quarterly categories like gas stations, grocery stores, department stores, and Amazon. All other spending earns 1% back. At the end of your first year, all cash back you have earned is automatically doubled. This is potentially the most lucrative sign-up bonus available. You also get a $20 bonus every year your GPA is higher than 3.0 for up to five years.
Capital One SavorOne
The SavorOne card from Capital One is one of the latest rewards cards on the market and it’s the less generous version of the Savor card, which is reserved for those with excellent credit. To qualify for the SavorOne, you need average to good credit without serious recent delinquencies. You can earn an unlimited 3% back on entertainment and dining, 2% back at grocery stores, and 1% back on everything else with no rotating categories to track. The card has no annual fee and no foreign transaction fee. It even offers a 0% intro APR on balance transfers and purchases for 15 months plus a $150 sign-up bonus if you spend at least $500 during the first three months.