| Are you looking to find your first credit card? If so, this | | | | purchases or redeem your points for gift cards or |
| time may be a little exciting yet confusing. We're | | | | other rewards. There are too many cards out there |
| excited to start building our credit and to get our first | | | | that reward you, so don't get one that doesn't! |
| card, but most likely we're not sure what to look for in | | | | What fees are there? |
| one. People talk about how bad they can be, but really | | | | What kind of fees does the card that you're interested |
| if you get a good card and use it wisely, you can only | | | | in have? Some cards have late payment fees, annual |
| benefit from it. So, to clear things up a little bit, here are | | | | fees, fees for not using your card on a regular basis, |
| some things you will want to consider before you | | | | and so on. You want to make sure you get a card |
| apply for your first card. | | | | without an annual fee and as little fees as possible! |
| What's the interest rate? | | | | Is it one of the main cards? |
| First of all, you want to get a card with a good interest | | | | You also want to make sure you're getting a card that |
| rate. I'd say anything under 15% is pretty good. | | | | is by one of the popular banks or companies like |
| Although, you will find some cards can go up to 30%! | | | | Discover, Citi, etc. Also, get one that is either |
| You definitely want to stay away from the high | | | | Mastercard, Visa, American Express or something that |
| numbers and go with a card that has a lower interest | | | | most stores take. Getting a credit card at a Macy's or |
| rate. The lower the rate, the better the card. | | | | department store is not something you should be |
| Are there rewards? | | | | doing! |
| You also want a credit card that does some work for | | | | There is a lot to consider when getting a credit card |
| you. Some cards you can get a percentage back on | | | | so it's important to take as much advice as possible. I |
| each purchase you make. Or, some cards give you a | | | | recommend you pay your balances in full each month, |
| point for each dollar spent. These perks are great | | | | avoid high interest rates, fees, get a card with rewards |
| because over time you can get money back on your | | | | and one that you can use anywhere! |