Prosper Credit Card Review 2022 – Forbes Advisor

Prosper® card* compared to the Discover it® secure credit card

The Discover it® secured credit card as a secured card requires a deposit, unlike the Prosper card. But the Discover it® secured credit card deposit is fully refundable and the card does not charge an annual fee. Even better, despite being a secure card, the Discover it® Secure Credit Card offers rewards and a welcome bonus: Earn 2% cash back at gas stations and restaurants on up to to $1,000 in combined purchases each quarter. Plus, get unlimited 1% cash back on all other purchases. Plus, Earn Unlimited Cashback Match – Discover will automatically match any cashback earned at the end of the first year.

Although the Discover it® Secured Credit Card’s deposit requirement may make it out of reach for some who view the annual fee as a more affordable alternative to tying up cash in a deposit, the card is a better alternative. generally.

Prosper® card* compared to the Petal® 1 “no annual fee” Visa® credit card

The Visa® Petal® 1 “No Annual Fee” credit card, issued by WebBank, offers another unsecured option with no annual fee and limited rewards with select partners. While the rewards aren’t particularly fantastic and highly dependent on geography, the issuer’s use of a “cash score” to gauge your creditworthiness in the absence of a credit score can be particularly appealing to those who begin to credit themselves.

The Visa® Petal® 1 “No Annual Fee” credit card also includes benefits, including car rental damage insurance and access to curbside shipments, none of which are offered by Prosper. The Petal 1 is a similar card for a similar demographic with much more potential to help build credit.

Prosper® card* vs. Bank of America® Travel Rewards Credit Card for Students*

The Bank of America® Travel Rewards Credit Card for Students* is a solid option for students who want to earn credits while exploring the world and ranks on our list of best student cards due to its rewards and travel-related benefits. With this card, you can earn 1.5 points per dollar on all purchases everywhere, every time with no expiration on points. There are no annual fees, no foreign transaction fees, and points do not expire as long as your account is open. Although not everyone qualifies for a student card, those who do should consider this card which has more to offer than the Prosper card.

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