Building credit
My grandsons are trying to build credit, what is the best way? What would be the best credit card to do so? Grandsons are 20, 25
Terry Says
They should start with a “secured card” — a card that has a credit limit based on a deposit in a savings account with the issuing bank. These work like regular Visa or MasterCards. The should charge and pay on time every month. That will build a good credit report, so they can move on to cards that offer points or rewards. But stress the importance of paying on time and in FULL every month!
Read this: Best Secured Credit Cards for 2024 – CreditCards.com
