It's my first time ever even wanting a credit card so can you help me?

Answered on September 24, 2010
Updated on September 24, 2010
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
If you have never had a credit card, you probably have no or little credit history, and offers most suitable for you can be found on the page with credit cards for no credit. A good option for someone establishing credit history is a secured credit card. There is a cash deposit required for approval, it serves as a guarantee that the bank gets repaid, and the credit line often equals this deposit. As a rule secured cards are less expensive and have lower interest rates compared to unsecured credit cards for no credit. No credit check is a common policy for secured credit cards as well, and this is a great benefit for people with limited history. Before you apply, make sure to compare interest rates, activation, annual and other fees to choose the most beneficial offer for you. Some credit cards for limited credit may offer rewards for card purchases. Know where you usually spend money and how much, read the program rules and then decide if you usually spend enough to earn rewards and make this card worth having. Know your needs, your spending habits and decide what credit card is best for you. And remember that it starts with choosing the right credit card and then continues with the wise management of it. Making payments on time and staying below credit limits are essential if you intend to establish good credit history.
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.

User Comments about This Question

BROWSE MORE QUESTIONS ABOUT No Credit Cards:

You can choose one of the credit cards for limited credit to make your credit profile better. Or you can consider secured credit card. Some card offers have no annual fee and pretty nice rewards programs. Thus, you may save more money than spent on the security deposit.
If you do not have any credit history, you should consider credit cards for people with limited or no credit history. We recommend you consider secured credit cards. Don't worry about security deposit as it is refundable. Also, some secured cards have rewards programs that allow you to earn cash back on your purchases that may potentially cover your deposit expenses.
We can recommend you start with secured credit cards. These cards require a security deposit paid upfront. A secured credit card is a good way to build your credit history as it reports the account activity to major credit bureaus. You just need not to miss payments and pay off your balance. After that, getting approval for an unsecured card will be much easier. For example, you may consider the Merrick Bank Secured Visa® from Merrick Bank. This card can help you build credit, since your account activity will be reported to all three major credit bureaus. The amount of your deposit determines your initial credit...

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