As Professor Ionici explains in his WalletHub expert opinion, that starter credit cards help new borrowers build credit safely. Once harder to access after the Great Recession, they’re now easier to get thanks to AI and digital banking. With lower limits and optional security deposits, they teach responsible spending and open doors to stronger credit and future financial opportunities.
Key Takeaways:
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Starter credit cards help people with limited credit history begin building a financial record safely.
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Advances in AI and digital banking have made it easier to qualify for these cards than after the Great Recession.
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Security deposits protect lenders while giving new borrowers access to credit and a pathway to stronger financial standing.
“Starter credit cards are not just financial tools—they’re stepping stones toward financial independence and inclusion," says Ionici.