Secured credit cards don’t have to be your introduction to credit-building or borrowing.
Rent reporting services. If you’re a renter and want credit history for those on-time payments, a rent-reporting service can be a great idea.
Credit-builder loans. Designed for new borrowers, credit-building loans are small installment loans offered by small banks or credit unions to build credit history.
Credit-building apps. There are lots of credit-building apps with tools like rent reporting, credit-building loans, subscription service credit-building, dispute tools and more.
Debit-credit cards. Similar to secured credit cards, debit-credit cards are backed by a linked bank account, just like Chime Secured Credit Builder Visa Credit Card and the Fizz card. These cards often have no security deposit requirement, no APR and no annual fees.
Regular credit cards. Or lesser-known as unsecured credit cards, there are credit cards for less-than-ideal credit.