Your first credit card

Once you get a job and start supporting yourself, your venture to the real world starts. You are now a working adult. You must now learn to manage your expenses so you won't have problems with money. You may be getting your own place soon if you haven’t moved out yet. Also, you can get your own credit card now.


As much as you want a credit card so you can take advantage of exclusive discounts and privileges, just because you’re already working doesn’t mean credit card companies will be eager to give you one. Rather than applying to a multitude of credit card companies to see who will accept you, target a few companies that don't have very strict requirements or one that's known for giving credit cards to first timers.

If you think you’re ready to get your first credit card, here are a few tips you should consider first before you jump on that credit card application.

Make sure you’re ready to have one

Obviously, you've already thought about this, but it's worth asking yourself again if you're, in fact, ready, to get a credit card. Just because you meet the requirements or are earning money now doesn't mean you can spend without thinking.

Managing your credit card use means you have to be responsible enough to charge only what you can afford and pay your bill every month without being reminded. Getting a credit card before you’re fully prepared can become a drawback for you and your credit score.

Don’t just jump on the bandwagon just because everyone else has a credit card. You have to learn all you can about credit cards before you get one.

Understand what a credit background is

When you’re trying to get a credit card, having a job is important. Having a steady, verifiable source of income will put you in a good position to get a credit card so remember that a good job is one of the keys to the approval of your credit card application. The main objective here is for credit card providers to trust you enough with a line of credit.

Compare credit cards

To narrow down and find the credit card that best fits your spending habits, look for one that accepts applicants with no credit history. Applying for cards that are geared toward your needs is important so you can maximize your credit card without having to waste your money on fees and end up not using the benefits, anyway. Find a credit card with the lowest interest rates and one with waived annual fees for the first few years.

Know how to use your credit card

As soon as you get to lay your hands on that piece of plastic, you can almost always start swiping that card immediately. But that doesn’t mean you'll just go and shop to your heart's content. You can use it as often as you like as long as you don’t exceed your credit limit. This means you shouldn’t buy anything you can’t pay for in the next 30 days.

Although there are options that allow you to defer payment into installments, don’t abuse it. Use your credit card only when it’s necessary or when you're sure that you can pay up when your next bill comes along.

Where to get your first credit card

There are thousands of credit cards available now, but finding the right one for you can be difficult, especially if you're unsure of what you want in a credit card. The prudent thing to do in such a case is do your research so you can see which credit card is the best in terms of the deals they offer.  

Don’t be surprised if you get denied when you first apply for a credit card, though. Check the requirements first and make sure you qualify before submitting credit card application forms to different providers.

 

 

Find the best credit card deals with GoBear today and get a credit card that best suits your financial capacity. Make smart decisions by comparing credit cards with GoBear today!