If I am looking to build my credit history. Is the... - Build Credit History Questions


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Credit Card Applications » Questions » User Questions » Build Credit History » If I am looking to build my credit history. Is the TJX credit card a decent enough card to...

If I am looking to build my credit history. Is the TJX credit card a decent enough card to start with or is there something else you would recommend instead?

Answered on | Updated on March 22nd, 2015
The content is accurate at the time of publication and is subject to change.

Although this card would not be the worst option for building your credit history, it would not be my recommendation either. The TJX credit card is issued by Synchrony Bank, which is an issuer of many store credit cards. One unfortunate feature about many store cards is that not all card activity is reported to all three major credit bureaus. In addition, the 26.99% APR that this card has could also cause you to spend more in interest which would not be helpful for building credit. Especially seeing as many store cards come with low limits which can lower your score because it may cause your credit utilization to be high. I might recommend one of the Discover credit cards because Discover cards come with your FICO credit score on monthly statements, which is useful for keeping track of your credit. In addition, the cards may also come with a 0% introductory APR on purchases (when the introductory interest rate is over, the ongoing APR will apply).

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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