If you lack a credit history or have poor credit, credit building by opening a credit card can be an intelligent way to build or rebuild credit — as long as you practice responsible financial behavior.
While there are thousands of credit cards available, most require some credit history to qualify. This can make it hard for people with a credit score below 580, or no credit at all, to be eligible for a card.

Secured credit cards are one of your best chances at qualifying for credit. They’re similar to traditional cards (they extend credit, charge interest, and may offer rewards) but require you to make a deposit (typically $200) to access a credit limit. Whatever amount of money you deposit becomes your credit limit. If you want a higher credit limit, you’ll need to deposit more money.

Your security deposit acts as collateral if you fail to make payments. But don’t worry about losing that money; your deposit is refundable if you pay your balance in full and close your account.

In addition to secured cards, there are some other credit card options for people with no credit or poor credit who don’t want to — or are unable to — put down a deposit.

While a credit card can be an easy way to build a strong credit history, you need to make sure you use it responsibly. After you open a credit card, make sure you spend within your means and pay your balance on time and in full.

Here are some credit cards for building or rebuilding your credit:

• Chime
• First Premier
• Avant
• Destiny