Q: Is the Orchard Bank MasterCard a good choice for someone trying to establish credit? I have a 21 year old who needs a credit card apply for a credit institution.
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A: The Orchard Bank MasterCard is a good choice to help establish and build credit history. Indeed, it makes your historical credit card payment to all 3 credit bureaus monthly. By making your credit card payments on time, you can help improve your credit and your credit score. And since even the secure version of this card like any other credit card on your credit report, it will not be obvious to potential lenders. To see more cards that could be a good fit, check out our review for medium Credit cards and bad credit credit cards.
It is not clear from your question, but if the 21-year-old enrolled at the university there are a number of student credit cards available. Platinum Card Citi® Dividend Select ® for students has generous cash back rewards and a 0% APR on purchases for the first 7 months. Cardholders earn 5% cash back on purchases at supermarkets, drugstores, gas stations, convenience stores and public services (including cable) for 6 months and 1% thereafter 2% cash back in popular rotating categories and 1% cash back on all other purchases. In addition, this card does not require a cosigner. Or you can read our other student credit card reviews and choose your favorite map.