How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
If you’re searching for a credit card to build credit, you may find there are a lot of “bad eggs” out there — credit cards laden with high fees and lots of “gotchas” in the fine print. True to its name, the Best Egg Visa® Credit Card is not a bad egg, but a good one.
It reports to all three major credit bureaus (Equifax, Experian and TransUnion) and doesn’t charge an annual fee or any ongoing maintenance fees. And, you don’t have to fret about rejection with this card — your credit score will not be impacted if you’re not approved.
Intro Purchase APR
N/A
Regular Purchase APR
18.99% - 29.99%
Intro BT APR
N/A
Regular BT APR
N/A
Annual Fee
$0
Cash Advance Fee
$10 or 5% of the amount of each cash advance, whichever is greater
Foreign Transaction Fee
$0
Balance Transfer Fee
N/A
Your credit score will not be impacted if you don’t get approved
Usually when you apply for a new credit card, a hard inquiry appears on your credit report — which lowers your score by a few points and stays on your credit report for two years (although the negative impact lessens over time).
The Best Egg Visa® Credit Card eases the concern of rejection, because you only get a hard inquiry if you’re approved for the card.
No overlimit fees
The other major selling point of Best Egg Visa® Credit Card is it doesn’t burden you with ongoing fees. Many unsecured cards for building credit charge monthly maintenance fees and annual fees that can amount to more than $100 each year — which you’re stuck paying as long as your account is open. With the Best Egg Visa® Credit Card, you don’t don’t have to pay ongoing fees to keep your account open.
Also, it doesn’t charge an overlimit fee if you go over your credit limit. Instead, your next purchase will be denied until you pay down your balance.
No sign-up bonus
Many cards offer a sign-up bonus, but Best Egg Visa® Credit Card does not. However, this isn’t a deal breaker — especially if you’re rebuilding your credit and don’t qualify for a credit card with a sign-up bonus.
No rewards program
You can build credit with the Best Egg Visa® Credit Card, but you won’t be rewarded for it. While it does not offer a rewards program, there are rewards credit cards available that offer high cash back rates in popular spending categories, like groceries, gas and dining.
Like the Best Egg Visa® Credit Card, the Discover it® Secured Credit Card comes with a $0 annual fee and reports to the three major credit bureaus. However, it also offers a cash back on your purchases and a sign-up bonus. And perhaps best of all, no credit score is required to apply.
You’ll find the Discover it® Secured Credit Card especially rewarding if you spend a lot on restaurants and gas. Cardholders 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
After you’ve had the card for seven months, Discover will conduct monthly account reviews to see if you’re eligible to graduate to an unsecured card and get your deposit refunded.
| Credit Cards | Our Ratings | Welcome Offer | Rewards Rate | Annual Fee | |
|---|---|---|---|---|---|
|
Best Egg Visa® Credit Card*
|
N/A | N/A | $0 | ||
|
Discover it® Secured Credit Card*
|
Discover will match all the cash back you’ve earned at the end of your first year. | 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically | $0 | ||
OpenSky® Secured Visa® Credit Card*
|
N/A | Earn up to 10% cash back* on everyday purchases | $35 | ||
Capital One Quicksilver Secured Cash Rewards Credit Card*
|
N/A | 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) | $0 |
The Best Egg Visa® Credit Card may be a good fit if you’re interested in establishing or building your credit profile, since it reports your credit usage to the major credit bureaus, doesn’t require a deposit and comes with a $0 annual fee.
But if you’d rather use a secured card to help build credit, the Discover it® Secured Credit Card may be a better fit. Along with offering a solid cash back rate on every purchase, the card offers a sign-up bonus that matches the cash back you earn at the end of your first year as a new cardholder.
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The information related to the Best Egg Visa® Credit Card, Discover it® Secured Credit Card, OpenSky® Secured Visa® Credit Card and Capital One Quicksilver Secured Cash Rewards Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
