The L Card Classic by LendUp is a solid option for consumers who want to build their credit history.
What to Like
LendUp preaches transparency and straightforwardness. The card requires no security deposit, and LendUp is also willing to double the credit limit of cardholders who exhibit responsible behavior. Finally, LendUp reports to all three major credit bureaus, meaning you could build your credit with responsible use.
Look Out For
The L Card Classic by LendUp comes with a $60 annual fee. The 29.9% APR on purchases is relatively high and there’s a $7 late fee. There’s also a 3% fee for any foreign transaction, and credit lines start relatively small at $300.