Grow Credit Mastercard Review 2024 – Forbes Advisor – Technologist

While the Grow Credit Mastercard offers value to certain customers, it isn’t the right choice for everyone. These alternatives are a better choice for consumers who want to earn rewards, make purchases at other retailers or have a higher credit limit.

Grow Credit Mastercard* vs. Discover it® Secured Credit Card

The Discover it® Secured Credit Card allows customers to check for pre-approval without affecting their credit score. This card offers unlimited 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases, and all rewards earned during the first year are doubled. It has no annual fee and is accepted by 99% of retailers nationwide. While it does require a security deposit, Discover starts automatic reviews after seven months to see if you qualify to upgrade to an unsecured card. Your credit limit equals your security deposit, and you can set your own credit limit by depositing between $200 and $2,500.

Grow Credit Mastercard* vs. Capital One Platinum Credit Card

Consumers can also find out if they’re pre-approved for the Capital One Platinum Credit Card (rates & fees) without affecting their credit score. While this card does not earn rewards, it has no annual fee and does not require a security deposit. Plus, it doesn’t charge foreign transaction fees. The card offers automatic credit line reviews for a higher credit limit in as little as six months.

Grow Credit Mastercard* vs. Petal® 2 “Cash Back, No Fees” Visa® Credit Card*

The Petal® 2 “Cash Back, No Fees” Visa® Credit Card* enables consumers to build credit while earning rewards without paying any fees. It has no annual fee and does not charge late fees, returned payment fees or foreign transaction fees. Plus, you can see if you’re pre-approved without requiring a credit check. The card earns 1% cash back on eligible purchases right away, 1.25% cash back on eligible purchases after making 6 on-time monthly payments, and up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments. Plus, earn 2% – 10% cash back at select merchants. With the Leap program, you may be able to earn a credit line increase after six months by making qualifying on-time payments.