Cards to help build your credit history

Why is a Credit History Important to You?

Simply put, in order to get credit, you need a Credit History.  If you want to get a loan to buy a car, you need Credit History. If you want to buy online, in most cases you will need a Credit Card.  If you are planning to rent an apartment, you can expect a credit check as part of the process.  Cable companies and utilities will look for a satisfactory Credit History or require a security deposit.  So if you are starting out, building a Credit History is important to you.  So how can you get credit if you don’t have a credit history?

Ways to start building your Credit History

1. Apply for a Secured Credit Card: Many banks offer secured credit cards. With a deposit, from $250 to $500, you can obtain a Secured Credit Card. Your credit limit is the amount of your deposit.  It’s important with a secured credit card, that you pay your bills on time and leave you deposit money untouched. By doing that you will start to build a credit history of on time payments and credit usage.  In time you’ll be able to apply for an unsecured credit card and close your secured card.

2.  Get a store card or a gasoline card: Many large retailers and gas station brands will give customers a branded credit card even if you don’t have a credit history. They normally have small credit limits and higher interest rates.  And here’s the tip, make a habit of always paying that credit card off in full every month. Once again your history of paying on time and your credit usage will start to build even more.

3.  Pay on Time every month: This is your most important task – paying your monthly bill every month, whether it is the total balance or even the minimum required amount.  To be clear, if you miss payments or are late in making your payments you will be building a BAD credit history.  Your payment history is the biggest component of your credit score.

4.  Use less than 30% of your Credit: The second biggest component of your credit score is how much credit you are using.  Your goal should be to keep your usage below 30%.

5.  Maybe a Student Credit Card: Student Credit Cards are designed for young borrowers to help build their credit history.  Typically they have low credit limits and higher interest rates.  Make sure that you are confident you will have the money to pay off the related monthly bills and this card can also help to build your good history of on time payments and credit usage.

Here are "Limited Credit" Cards our Visitors like the Most

BOOST Platinum Card

Credit Recommended

Damaged credit to Fair credit

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  • Credit Line: $750 Limit (Usable only at TheHorizonOutlet.com)
  • Regular APR: None
  • Monthly Fee: $177.24 annually ($14.77 per month)
  • Bad Credit, No Credit? No Problem!
  • Fast and Easy Application
  • No Employment or Credit Check

FIT™ Platinum Mastercard®

Credit Recommended

Fair/Poor/Bad

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  • Regular APR: 29.99%
  • Annual Fee: $99
  • Return Payment Fee: Up to $41.00
  • Late Payment Fee: Up to $41.00
  • Intro Rate: N/A
  • Intro Period: N/A
  • Balance Transfer: N/A
  • Monthly Maintenance Fee: $75 annually (billed at $6.25 per month). Monthly maintenance fee not billed for the first 12 months
  • Credit Limit: $400 unsecured (with upfront processing fee)
  • Processing Fee: $89 one-time upfront fee
  • Additional Card Fee: $30 (one time, if applicable)
  • Cash Advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.
  • Foreign Trans Fee: 3% of each transaction in U.S. dollars
  • $400 credit limit doubles to $800! (Simply make your first 6 monthly minimum payments on time)
  • All credit types welcome to apply
  • Monthly reporting to the three major credit bureaus
  • Initial Credit Limit of $400.00 (Subject to available credit)
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Access to your Vantage 3.0 score from Experian (When you sign up for e-statements)
  • Checking Account Required

Unique Platinum

Credit Recommended

Any Credit Welcome

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  • Credit Line: $1,000
  • Regular APR: 0%
  • Monthly Fee: $19.95
  • $1000 Credit Limit
  • No Credit Checks
  • Instant Approval
  • 0% Financing
  • No application denied for bad credit!

*See terms and conditions

Freedom Gold Card

Credit Recommended

Damage credit to Fair credit

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  • Credit Line: $750 Limit (Usable only at TheHorizonOutlet.com)
  • Monthly Fee: See website for Details*
  • Regular APR: 0% APR
  • $750 Unsecured Credit Limit (Usable only at TheHorizonOutlet.com)
  • Instant Approval*
  • No Credit Check
  • No Employment Check
  • Fast online application
  • Bad Credit - OK

*See site for details

First Digital Mastercard®

Credit Recommended

Poor/Damaged/Fair

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  • Regular APR: 35.99%*
  • Cash Advance APR: 35.99%*
  • Annual Fee: $75.00 1st year, $48.00 after*
  • Late Payment Fee: Up to $41.00*
  • Return Payment Fee: Up to $41.00*
  • Program Fee: $95.00*
  • Cash Advance Fee: Either $10, or 3% of the amount of the Cash Advance, whichever is greater.
  • Reports to Consumer Reporting Agencies: Monthly to all 3 major bureaus
  • Credit Limit: $300
  • Rewards Rate: 1% Cash Back
  • Card Brand: Mastercard®
  • Earn 1% cash back rewards on payments made to your First Digital Credit Card
  • Checking Account Required
  • $300 credit limit (subject to available credit)
  • Build up your credit history with a card that reports to all three major credit bureaus every month.
  • Perfect credit not required for approval; we may approve you when others won’t.
  • *See Rates, Fees, Costs & Limitations for complete offer details
  • See Cash Back Rewards Programs Terms & Conditions for details

Self - Credit Builder Account + Secured Visa® Credit Card

Credit Recommended

None/Poor

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  • Primary Benefit: Build credit and savings at the same time.
  • Products Offered: Credit Builder Account and Self Secured Credit Card
  • Credit Check: No Hard Credit Check Required
  • Loan Amount: See website for details*
  • If you have an active Credit Builder Account in good standing, 3 on time payments, $100 or more in savings progress and satisfying income requirements you may be eligible to receive the Self Secured Visa Credit Card*, without a hard credit check. Criteria subject to change.
  • Build credit and savings at the same time.
  • Start with a Credit Builder Account* that reports monthly payments to all 3 major credit bureaus.
  • At the end of your plan, unlock the savings you built — minus interest and fees.
  • The Self Visa® Secured Credit Card* is accepted at millions of locations in the U.S.
    *Credit Builder Accounts & Certificates of Deposit made/held by Lead Bank, Sunrise Banks, N.A., SouthState Bank, N.A., First Century Bank, N.A., each Member FDIC. Subject to credit approval. Self Secured Visa® Credit Card issued by Lead Bank, First Century Bank, N.A., or SouthState Bank, N.A., each Member FDIC. See Self.inc for details. Subject to ID Verification. Individual borrowers must be a U.S. citizen or permanent resident and at least 18 years old. Valid bank account and Social Security Number are required. All loans are subject to consumer report review and approval.