Credit Building
Credit Cards

What are "credit building" credit cards?

There are credit cards available on the market that are specifically designed to help you 'build' or 'rebuild your credit rating. These cards are helpful if you have either got in to difficulties in the past and missed payments (but not actually defaulted on a credit card or loan), or if you have simply not used credit in the past and therefore need to go about building a credit record.

When are "credit building" credit cards suitable for me?

The effect of either a low credit score or no credit history is that it becomes more difficult to be accepted for types of credit cards that offer extensive benefits, such as long-duration 0% balance transfers. If this is the case then a 'Credit Building' card could be suitable. In response to the increase risk the credit card companies are taking on in supplying these cards they typically charge a slightly higher APR, and usually do not offer balance transfer options.

When are "credit building" credit cards not suitable?

If you have suffered from a poor credit history in the past (including recent CCJs) then these cards are not suitable for you. Instead, we suggest that you look at our Bad Credit Card listings.