26 year old female. Have never had a credit card or anything having to do with my credit. Nor do I know much about the savings and interest you can earn on it. My main bank account right now is through Chime. I also have Cash App. Any suggestion of which would be better for a saving account to earn interest. Or any suggestions to a good bank that I can start with and build to a credit card. Nothing crazy just enough to build credit. That way I’m not 30 and can’t get a car bc I don’t have any credit. Any suggestions would be helpful to the situation.
Finances and building credit
byu/jeeterbeeter69 inpersonalfinance
Posted by jeeterbeeter69
3 Comments
Neither Chime nor CashApp are real banks. Would recommend starting with Capital One – they’ll cover your bases for a checking account, high yield savings account, and credit cards for beginners with limited or no credit history.
Are you interested in long term or short term investment ?
Or you just wanna save ?
Start with a no fee no minimum required local credit union account. To build credit, your best bet is a secured credit card.