BestWayTo

Getting a secured credit card is a smart way to start building credit. Here's how to do it in simple steps:

1. Save some money first! You'll need about $200-$300 to start. This money acts like a safety deposit and becomes your credit limit.
2. Look at these top-recommended secured cards:
   • Discover it® Secured Credit Card - No annual fee and cash back rewards
   • Capital One Platinum Secured Credit Card - Possible to qualify with a lower deposit
3. Check if you qualify:
   • Must be at least 18 years old
   • Need some form of income
   • Need a bank account
   • Need a social security number
4. Apply online through the card issuer's website

Pro Tips:

• Always pay your full balance on time
• Don't use more than 30% of your credit limit
• After 6-12 months of good payment history, you might qualify for a regular credit card

Sources: Consumer Financial Protection Bureau, NerdWallet