The Firstcard® Secured Credit Builder Card with Cashback is an appealing option for individuals looking to establish or rebuild their credit score, particularly those who may struggle with traditional credit cards due to limited credit history. This card stands out because it does not require a minimum deposit, making it accessible to a wider audience, including international students and new immigrants, as it does not necessitate a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). The card offers a simple application process and reports payment activity to all three major credit bureaus, which is crucial for improving credit scores. While it charges an annual fee based on the membership plan selected, it provides various cashback rewards, including up to 15% at partner merchants. However, potential users should consider the lack of a free membership plan and the absence of a transition to an unsecured credit card. Overall, the Firstcard is a solid choice for those prioritizing ease of approval and cashback rewards.
Read the full article here.