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Credit cards aren’t hard to understand — but they sure are if you’ve never had one before. Our first credit card guide will help you get started. We’ll explain the basics of credit cards, including how you qualify and help you decide if you’re ready to take on credit card responsibilities. We’ll show you how to sort through your options and give you tips on how to use your first credit card wisely to build a strong credit history.
How To Apply For Your First Credit Card
A deep understanding of how credit cards work will save you time, money and hassle. It starts with understanding which credit card options make sense (and which don’t) first. Learn how to avoid unnecessary fees, interest and penalties. And see how your credit score can benefit (or suffer) from the actions you take with your first credit card.
Things To Know Before Getting Your First Credit Card
Your first credit card will allow you to make purchases without immediate payment. It gives you convenience and flexibility. But if you’re not careful, your debt can quickly get out of hand. Take a look at yourself—your habits, your maturity, your attitude toward money—and figure out if you’re ready to use your first credit card.
What does it take to get approved for your first credit card? People usually focus on credit scores, but not only that, people with no credit history also have options. Your income is just as important: after all, you need money to pay your bills.
Don’t expect big rewards, great perks, or generous interest-free periods on your first credit card. These boons are available only to those who have established a good reputation. Your first credit card may be more general — a card that helps you run before the race. Options include secure, store, student, and replacement cards, as well as finding co-signers or becoming an authorized user of someone else’s account.
That’s how you have your first credit card. What should you use it for? use it! This doesn’t mean ramping up the spending spree. This means charging a reasonable fee for it and then paying it on time. Month after month, along the way – this is how you build a good credit history and upgrade to a better credit card.
Applying For Your First Credit Card? Here Are Five Great Entry Level Options For You
Use your first credit card to build a strong credit history, and then you can upgrade to a credit card with more benefits over time. Here are some other resources to help you make an informed decision:
About the Author: Paul is Susie. She has worked for USA Today and the Des Moines Registry and holds an MBA. Read more
The Best Credit Cards for 2022 Read More Why You Should Use a Credit Card for Almost Every Purchase Virginia C. McGuire, Paul Soucy Read More
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Guide To Getting Your First Credit Card
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Liliana is an editor and journalist with a background in feature writing on the Credit Card team.
How To Apply For Your First Credit Card
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But, our mission is to demystify the credit card industry – no matter where you are in your journey – and make it an industry you can navigate with confidence. Our team is full of experts, from credit card professionals to data analysts, and most importantly, people who buy credit cards just like you. With this combination of expertise and perspective, we closely monitor the credit card industry throughout the year:
But, we focus on what consumers care about most: rewards, welcome offers and bonuses, APR and overall customer experience. Any issuer discussed on our site is evaluated based on the value they offer to consumers at every level. At every step of the process, we fact-check ourselves to prioritize accuracy so we can continue to serve you at every next step.
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What You Should Know When Getting Your First Credit Card
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The editorial team writes on behalf of you – the reader. Our goal is to provide the best advice to help you make informed personal financial decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team does not receive direct compensation from advertisers, and our content is thoroughly fact-checked for accuracy. So whether you’re reading an article or commenting, you can be confident that you’re getting reliable and trustworthy information.
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Choosing My First Credit Card
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Getting your first credit card can be an exciting and symbolic time for teenagers. Not only does having a credit card make life easier for adults in many ways, but if used correctly, it can be a great tool for building a strong credit history.
A Beginner’s Guide To Using Your First Credit Card — Her First $100k
But despite the many benefits of having a credit card, you need to think carefully before applying for your first credit card. Credit cards come with a lot of responsibilities, so if you’re considering opening your first line of credit, before you decide whether
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