Chime is an online bank established in 2013 to provide low-cost, accessible banking services. With the Credit Builder Visa secured credit card, you deposit money into a secured account before you start spending. You never have an outstanding balance at the end of the month, so there’s no interest to worry about. In addition, there’s no annual fee for the card. Chime reports your on-time payments to credit bureaus, helping you build credit.
Avant is an online financial services provider founded in 2012. The company provides access to personal loans and a credit card designed to help individuals with little to no credit history build their credit. There are no hidden fees, no penalty APR and no security deposit required. There is an annual fee of $59, but the Avant Credit Card allows you to build your credit score by making your payments on time.
Aspiration is a socially conscious bank that aims to make personal finance more eco-friendly. The bank launched in 2013 and released its first credit card, the Aspiration Zero, in 2021. With this card, Aspiration will pay to plant a tree for every purchase you make to offset your carbon footprint. When you get to 60 trees planted in a month, Aspiration rewards you with up to 1% cash back.
Online lending platform Upgrade, founded in 2017, offers the Upgrade Card, which acts as a hybrid between a credit card and a personal loan. It allows borrowers to make charges as they would on a credit card while making monthly repayments at a fixed amount, just like with a personal loan. Borrowers won’t have to pay any monthly fees and will receive an APR of between 8.99% and 29.99%.
Laurel Road was founded in 2013 to offer student loans, mortgages, and banking services. The company offers a cashback credit card that gives you 2% cashback towards student loans with most US loan servicers. The card doesn’t have an annual fee and comes with 0% APR for the first 12 months on balance transfers made in the first 60 days. Plus, you can earn $500 cashback when you spend $5,000 in your first 90 days as a cardholder.
SoFi is a San Francisco-based bank founded in 2011 that offers investment accounts, checking/savings accounts, personal loans, mortgages, student loans, and now a credit card. The SoFi Credit Card carries no annual fee. You can earn 2% cash back on everyday purchases when you redeem into a SoFi savings account, investment account, or loan.
BlockFi is a cryptocurrency exchange and wallet service launched in 2017. The company recently introduced a Bitcoin rewards credit card that offers an unlimited 1.5% back in Bitcoin on every purchase. New users also get a 2% rewards boost for the first 90 days, so you can earn 3.5% back, or up to $100, in Bitcoin. The BlockFi Rewards Credit Card has no annual fee and no foreign transaction fees. Plus, it won’t impact your credit to apply.
Sable is an online bank founded in 2019 to provide banking and credit services to international residents in the US. The Sable ONE credit card is a secured card that you can qualify for without a credit history or social security number. The card doesn’t have an annual fee and you can earn up to 2% cashback on qualifying purchases. Sable reports payments to the major credit agencies monthly, helping cardholders build credit over time.
The Jasper Mastercard® is a unique credit card issued by WebBank, member FDIC. It guarantees 1% back on most everyday purchases and you can receive an extra 0.5% back for a full year for every friend you refer, up to 6%. The credit card offers a mobile app and tailored financial advice to help you maintain a healthy financial lifestyle. You can get up to a $5,000 credit limit with no annual fee², and you don’t need a credit history to apply.¹
Varo is an online bank founded in 2015. The Varo Believe credit card is designed to help you safely build credit with no fees or interest rates. The credit card is linked to your Varo bank account and money is automatically set aside every time you make a purchase. At the end of the month, the saved money is used to pay off your credit card statement. Applying for the card won’t impact your credit score and there’s no security deposit required.
PenFed is a national credit union founded in 1935 that offers banking, loans, credit cards, and more. While you need to be a PenFed member to get a credit card, anyone can join by opening a free savings account. PenFed has 4 credit cards, all of which come with a 0% promotional APR for balance transfers. Three of the cards offer rewards for spending, and 3 have no annual fee. You can apply online and get approved in as little as 20 seconds.
PenFed is a national credit union founded in 1935 that offers banking, loans, credit cards, and more. While you need to be a PenFed member to get a credit card, anyone can join by opening a savings account. PenFed has 4 credit cards, all of which come with a low APR for balance transfers. Three of the cards offer rewards for spending. You can apply online and get approved in as little as 20 seconds.
Cred.ai™ is a cutting-edge bank and credit card service founded in 2016. Its metal Unicorn Card charges no annual or transaction fees, or interest under the terms of the cred.ai Guaranty. The card includes groundbreaking features such as self-destructing account numbers, automated fund transfers, and adjustable restrictions for individual merchants. Customer support can be reached 24/7, and its mobile app is available on iOS and Android devices.