Certain types of cards can help you build credit if you’re just starting out, or they can help you rebuild credit if you’ve had a financial setback. As you use them responsibly, your good payment history is reported to the major credit bureaus, which can improve your credit record and credit score over time.
Student credit cards are designed to help current college students establish and build credit. These cards may have lower credit lines and tools to help students manage their cards. Some student cards may even offer cash or travel rewards or a lower interest rate.
Standard cards are another starting point for users who are new to credit. These cards may offer lower credit limits, and may offer rewards, depending on the issuer.
If you have a damaged credit history (or none at all), you may want to look at secured credit cards, which use a security deposit as collateral. In some cases, your security deposit along with other factors will determine your credit limit for the account. Some secured credit cards have a preset credit limit. These cards can be used just like any other credit card—nothing about them indicates that they are secured products.