Which Chase Credit Card Is Best for Building Credit? 
We may be compensated when you click on links from one or more of our advertise partners. Opinions and recommendations are ours alone. Terms apply to offers below. See our Advertiser disclosure for more details. Chase offers some of the very best travel rewards, cash-back, and small commercial enterprise credit cards on the marketplace. So it is no surprise that it is one of the largest issuers of credit cards in the U.S. But given that there are so many great Chase credit cards to choose from, you ’ ll normally need a impregnable credit grade in order to be approved for one. then, if your accredit score is not vitamin a senior high school as you would like for it to be, what options do you have when it comes to Chase credit cards ? Which cards might you be able to be approved for, and which cards should you hold off on until your score has improved ?
This post will answer those questions, along with providing some bang-up tips for how you can improve your credit score .
How To Improve Your Credit Score
For starters, in order to be approved for most of the very best Chase credit cards, you likely are going to want to have a credit score of 700 or higher. This does not mean you ’ re guaranteed to be approved if your score is higher than 700, or guaranteed to be denied if your grade is below 700, but serves as a commodity benchmark for you to shoot for. sol, if your credit score is presently lower than 700, we ’ ll review some tips for how you can improve it .
Pay Your Bill on Time Each Month
By far the most important factor of your credit score is your payment history, accounting for 35 % of your overall score. So the best way to improve your credit score is to make certain that you never miss a payment. Paying your poster on prison term each month is absolutely crucial to building and maintaining a high gear credit score. If you have trouble remembering the exact date that your credit circuit board bills are ascribable, many credit issuers offer an autopay feature that efficaciously allows you to “ set it and forget it ” so that you can make certain you will never have a late payment .
Reduce Your Credit use
The second-largest factor in determining your credit score is your credit utilization. Your credit utilization is calculated by diving the measure of your accredit you have used in the statement period by your total credit agate line. For example, if you have a credit poster with a $ 2,000 credit limit and you charge $ 300 on your credit card, your citation use is 15 %. ideally, you will constantly want to keep your credit utilization figure below 30%. Keeping your credit use below 30 % might feel unmanageable if you have a credit card with a depleted credit limit between $ 500 to $ 1,000. But one way to counteract this is to make a payment prior to when your affirmation closes .
Remove Incorrect Information From Your Credit Report
unfortunately, it is entirely possible for inaccurate information to be listed on your credit composition, and oftentimes the inaccuracies can adversely impact your score. This is why it is incredibly important that you sporadically check to make sure your credit report is both accurate and up to date. To check your credit report, you can use a free service like Credit Karma. If you notice anything that seems incorrect, you ’ ll need to file a challenge immediately with one of the 3 credit agency — Experian, Equifax, and TransUnion .
Become an Authorized User
A great and relatively easy manner to help improve your credit score is by becoming an authorized exploiter on person else ’ south accredit circuit board. When you become an authorized drug user, the basal report holder ’ second payment history and credit utilization will show up on your credit reputation. therefore if the primary report holder always makes their payments on time, and keeps their credit utilization low, this will have a convinced effect on your credit score. however, it is very crucial to choose person that you trust and that you know for certain is responsible with their credit. If not, and they miss payments, carry balances, and have high use, then your credit grudge as the authorized user will be negatively impacted — tied if any of those actions are through no blame of your own .
Chase Credit Cards for Building Credit
here is the bad news program — if you presently have a “ bad ” recognition score, which FICO categorizes as anything below a 580, you ’ re going to have an extremely unmanageable fourth dimension getting approved for any Chase credit menu. That is merely the reality of the site, and you ’ ll want to focus on building your score before applying for Chase credit cards. That said, if your credit score is low because you are precisely beginning your journey with credit cards, and you ’ re a college scholar, then there is 1 Chase circuit board that might be a good fit for you .
Chase Freedom® Student Credit Card
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If you ’ re a student with little, gloomy, or no citation history, the Freedom Student tease is offered specifically for you. Due to it being a student calling card, the Freedom Student card is significantly easier to get approved for than any other Chase credit wag. not alone is it easy to get approved for, but it does not charge an annual fee and it earns rewards as well. You ’ ll earn 1 % cash-back on all purchases you make, plus 5 % back on Lyft rides through March 2025.
The Freedom Student card evening comes with some bang-up benefits like 3 complimentary months of DoorDash DashPass, buy protection, a credit specify increase after 5 monthly on-time payments, and a $ 20 dependable standing reward on your account anniversary each year. Hot Tip: Unsurprisingly, only students are eligible for the Freedom Student card. This will not be a capital option for those who are looking to improve their credit but are not enrolled in school .
Chase Slate Edge℠ Credit Card
Chase ’ s newest credit card is geared toward those looking to build their credit. Although it doesn ’ deoxythymidine monophosphate feature any ability to earn Ultimate Rewards, it does come with some benefits. The card has no annual fee but still offers lease car indemnity, leverage auspices, and extended guarantee auspices. Most importantly, however, it gives you the opportunity to both raise your citation specify and lower your APR. After 6 months of on-time payments you ’ ll get a 1-time inspection for a higher credit limit arsenic hanker as you ’ ve exhausted $ 500 on your circuit board. Each class you ’ re besides eligible for a 2 % APR on your card arsenic long as you ’ ve made on-time payments and spend at least $ 1000 on your poster .
other Credit Cards for Low Credit
fortunately, all hope is not lost ! While those with moo credit might not have many options when it comes to Chase cards, there are many other solid credit cards out there that give you the opportunity to build your credit, while offering some capital perks or return on your spend a well. hera are a couple of our front-runner options :
Petal® Visa® Credit Card
If you ’ re looking to build up your credit history, and earn rewards at the lapp meter, then the Petal Visa poster would be a great choice. In fact, Petal is revolutionizing the credit experience by utilizing a “ Cash Score ” as opposed to a traditional credit score. This is done by taking into history your income, spend, and savings history. due to this, you could potentially qualify for a Petal Visa tease, tied if your credit score is low or if you ’ ve never had credit ahead. The Petal Visa card earns cash-back on each purchase with blue-ribbon merchants and has no annual tip, no foreign transaction fees, and no deposit requirements. Plus you get access to Petal ’ s mobile app which offers a budget have and a card-freezing affair .
Discover it® Secured
The Discover Secured card is branded as a solution to build or rebuild your credit with responsible consumption. While the card does not charge an annual fee, as a fasten card it does require a refundable security situate — although you ’ ll catch to choose the sum you deposit based on the accredit limit you ’ re approved for. fortunately, the Discover Secured calling card does allow you to earn cash-back rewards, which is not particularly coarse with most secured credit cards. With it, you ’ ll earn 2 % cash-back at gas stations and restaurants on up to $ 1,000 in purchases each quarter, plus an inexhaustible 1 % cash-back on all other purchases. Better yet, Discover will mechanically match all the cash-back you ’ ve earned at the end of your first class. aside from rewards, the Discover Secured card allows you to view your FICO seduce for rid each calendar month, offers no belated fee on your first late requital, and has an automatic account review starting at 8 months after your account open date to see if you can transition to an history with no security depository. Hot Tip: Our guide to the best credit card for gloomy credit offers tips, resources, and card recommendations to help get you on the road to improvement .
It is no secret that many of us who are interested in travel rewards or cash-back credit rating cards want Chase cards in our wallet thanks to how lucrative some of its accredit cards can be. But because many Chase credit cards are thus compelling, the recognition score you will need in order to get approved is much higher than others.
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fortunately, if you presently have a credit score that international relations and security network ’ t high enough to get approved for most Chase cards, there are steps you can take to help improve your score, along with other solid credit card options on the market that will allow you to earn some rewards in the interim. With time, if you make on-time payments each month and keep your use low, your score will ultimately improve to the luff where you are able to get approved for the best Chase credit cards. The information regarding the Chase Freedom® Student Credit Card, Chase Slate Edge℠ Credit Card, Petal® Visa® Credit Card, and Discover it® Secured was independently collected by Upgraded Points and not provided nor reviewed by the issuer .