The Best First Credit Cards to Build Credit in 2024

Building credit is an essential step towards financial independence. A good credit score can open doors to better loan terms, lower insurance rates, and even job opportunities. For those starting their credit journey, choosing the right first credit card is crucial. In 2024, several credit cards stand out as excellent options for building credit. Let’s explore some of the best first credit cards for building credit in 2024:

Discover it® Student Cash Back

Designed for students, this card offers rewards on purchases.

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.

Discover matches all the cash back you’ve earned at the end of your first year, automatically.

No annual fee and no foreign transaction fees.

Offers tools for students to learn about credit and manage their finances responsibly.

Bank of America® Customized Cash Rewards credit card for Students

Ideal for students looking to build credit.

Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.

$200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.

No annual fee and no foreign transaction fees.

Opportunity to earn a higher rewards rate as you maintain good credit habits.

Capital One Quicksilver Student Cash Rewards Credit Card

Designed for students with limited credit history.

Earn unlimited 1.5% cash back on every purchase, every day.

No annual fee and no foreign transaction fees.

Access to a higher credit line after making your first 5 monthly payments on time.

Helps students build credit while earning rewards on everyday purchases.

U.S. Bank Cash+® Secured Visa® Card

Ideal for those with no credit or limited credit history.

Choose your cash back categories to earn 5% cash back on your first $2,000 in combined eligible net purchases each quarter on the combined two categories you choose.

Earn 2% cash back on your choice of one everyday category, like gas stations or grocery stores.

$0 annual fee for the first year, then $49 per year.

Opportunity to build credit with responsible use of a secured credit card.

Chase Freedom Rise

Designed for those new to credit or looking to rebuild.

Earn 1% cash back on all purchases and an additional 1% cash back on eligible gas and grocery store purchases.

Automatic credit line reviews after 6 months for a higher credit limit.

No annual fee and no minimum to redeem for cash back.

Offers tools and resources to help build credit and financial health.

In conclusion, the best first credit cards to build credit in 2024 offer a combination of rewards, low fees, and tools to help individuals establish and improve their credit history. Whether you’re a student, new to credit, or looking to rebuild, these credit cards provide a solid foundation for building credit responsibly.

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