One easy way to establish credit is to get a retail card. It’s also a great way to build credit and enjoy the benefits of valuable perks.

In some ways, credit card approval might be easier, although they’ll start you off with a small limit. They also typically do not have an annual fee. It could be an inexpensive and low-risk way to establish credit as long as you pay your bills on time.

There is a downside…

Retail card rates can be higher than a regular credit card.

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