What should my first time credit card be?
Credit Card
Wonderer asked:
I have no credit but want a credit card now. I’m 20 and will be paying off each month so I won’t be paying interest but I don’t want to pay an annual fee either. Does my bank give me credit cards? Where do I go, what website? And I want Visa or Mastercard and I know I can get those because my friend with no credit got those as her first credit cards.
Terry
I have no credit but want a credit card now. I’m 20 and will be paying off each month so I won’t be paying interest but I don’t want to pay an annual fee either. Does my bank give me credit cards? Where do I go, what website? And I want Visa or Mastercard and I know I can get those because my friend with no credit got those as her first credit cards.
Terry
July 10th, 2009 at 9:32 am
Gail
Get one that earns you cash back, air miles or rewards and has no annual fee. AE is a good choice. Your bank also should have ccards available.
July 12th, 2009 at 5:25 pm
Jimmy
there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out and go under bad or no credit section and you will find a few choices. But if you are a student apply of a student credit card these cards have no annual fees and low rates
July 15th, 2009 at 12:38 am
Constance
Are you a college student? If so, you’ll have a very easy time getting a student card. On my campus, findcollegecards is heavily promoted. It’s a great resource for those looking to build credit. I would try that site.
If you’re not a college student, I would look into secured credit cards, since anyone with a deposit can be approved. That’s another great way to build credit.
Good luck!