​5 things you need to know about Concora credit cards 

Qualifying for a credit card can be tough if past financial missteps have hurt your credit score, but it’s not impossible. Certain issuers offer credit cards for those with less-than-perfect credit scores looking to rebuild their credit, including Concora.Concora, founded in 2001, offers three consumer credit cards and one business card. Its cards have more lenient credit score requirements than others on the market, but — along with other drawbacks — Concora credit cards are expensive to carry.Here’s what to know about Concora credit cards, plus potentially better alternatives, especially if your goal is building or rebuilding your credit. Concora’s first credit card, the Milestone card, was launched in 2011, followed by the Indigo and Destiny cards in 2015.While many credit-builder cards are secured, requiring a deposit as collateral, Concora cards are unsecured. Besides being unsecured, its cards share some commonalities, though each is issued by a different bank.Here’s an at-a-glance comparison of its three consumer cards:Many unsecured credit cards have no annual fees, though those cards may have stricter credit score requirements than Concora. Unfortunately, one of the trade-offs for Concora’s more lenient credit score requirements is high fees. Here’s what to expect:Let’s say you keep your Milestone card for three years, and during that time, you make your monthly payments on time and don’t spend more than your credit limit. The card’s monthly and annual fees alone add up to $573 over three years.Read more: 8 types of credit card fees you should knowAlternative to consider:If you’d prefer a credit-builder card with no monthly or annual fees, check out the Capital One Platinum Secured Credit Card.As its name suggests, the Capital One Platinum Secured is a secured credit card, meaning it requires a security deposit. But the deposit is flexible—you can choose to deposit $49, $99, or $200 and receive an initial credit line of $200. Depending on your creditworthiness, you could also get a higher credit limit of $500-$1,000. And with responsible use, Capital One lets you earn your deposit back and upgrade your card to an unsecured version. This card has a $0 annual fee.Besides high fees, Concora credit cards have higher-than-average annual purchase rates (APRs). Your APR is the interest rate (and any applicable fees) you’ll pay to carry a balance on your credit card. Per the Federal Reserve, the average credit card APR in the United States was 21.47% in November 2024. Unfortunately, a much heftier rate applies if you carry a balance on a Concora card. Here’s what to expect: Milestone: 35.9% (and 35.9% for cash advances) Indigo: 35.9% (and 35.9% for cash advances) Destiny: 35.9% (and 35.9% for cash advances) Alternative to consider:The Capital One Quicksilver Secured Cash Rewards Credit Card could be a good alternative to a Concora credit card, as its APR is 29.74% (variable).This card has a $200 initial credit lin