When looking to get your first credit card, there are several things that you need to consider. Some of these include the interest rates, annual fees, credit line amount and fraud protection. This post is going to consider the top 6 cards that are recommended for your first credit card.
Fortunately for consumers, there are plenty of credit cards they can consider when seeking a credit line. While there are many credit cards to consider, the best credit cards will have low interest rates, low annual fees and offer plenty of security and protection.
Capital One Platinum For Your First Credit Card
This is arguably the best credit card that consumers can get when seeking a credit line. The Capital One Platinum card has the best overall features. In a recent review, the Capitol One Platinum card has a $0 annual fee. Therefore, users will save a noticeable amount of money when getting this card.
Another feature of this credit card is that all charges and payments will automatically be reported to the three major credit bureaus each month. With this card, anyone with fair or limited credit will qualify for an available line of credit. Those looking for their first credit card will be able to easily build their credit by using this card.
Receive Higher Line Of Credit
With the Capital One Platinum card, consumers will want to keep a few more things in mind when getting this card. One thing about this card is that it will consider you for a higher line of credit after 6 months as long as you make payments on time.
This card offers access to online banking where you can check all activity from a mobile device any time of day. With this card, you can also complete transactions by just scanning the card against a machine. Lastly, this card allows you to choose the bill due date, so you have plenty of flexibility to make payments when you are ready.
Petal 2 Visa-A Good Choice For First Credit Card
Another credit card that consumers can review is the Petal 2 Visa card. This is among the best starter credit cards that consumers can get. With this card, consumers will be able to get one that offers lots of rewards as well as offering no annual fee.
Cash Back Rewards
The card also offers 1% cash back for each purchase you make. As you make payments on time, the cash back percentage goes up and you can eventually get up to 1.25% cash back. Your percentage will peak at 1.5% if you make timely payments for one full year.
Those with limited credit or good credit will qualify for this card. Like many other credit cards, the Petal 2 Visa card reports to all 3 major credit bureaus every month.
Petal 2 Credit Line
With the Petal 2 Visa card, you can get up to 10% cash back as well as receive credit lines between $500 and up to $10,000. The interest rates on this card range from 13% and 27% as well. There is no deposit required to get this card and you can get approved for the card within a matter of minutes.
Discover It Secured Is a Good First Credit Card
When it comes to the best starter card, another one that you should review is the Discover It secured card. This is an ideal option that offers the most secured rewards. Along with secured rewards, this card also offers among the highest odds of approval.
No Annual Fee
With this card there is no annual fee and you can get up to 2% cash back on all purchases made with the card. Your rewards will double after they open your account for one year. Unlike some other cards, this one requires a minimum $200 deposit since it is a secured card.
However, this deposit makes it easier to get approval and they can refund the balance as long as you make timely payments on all purchases.
Build Your Credit
The Discover IT secured card allows you to build your credit quite easily for your first credit card. As a secured card, you can charge purchases that you can pay back within 30 days. You get automatic reviews of your credit rating every 8 months by using this secured card.
When making purchases at gas stations and restaurants, you can get up to 2% cash back as well as make purchases at all retailers and establishments that accept credit cards as payment.
Capital OneQuicksilver One Rewards Card
The Capital One QuicksilverOne card is yet another cash rewards card to review when looking for a quality starter card. This is an ideal card for those who have no credit history. It is also a good option for those who are looking to charge $2,600 or more during a given year.
As long as you pay your bills on time each month, this card will offer you rewards. Compared to other cards, this one charges an annual fee of $39. However, you will get 1.5% cash back on each purchase you make with the card. With this card, you will have all activity reported to all 3 major credit bureaus during each billing month.
Unlimited Cash Back
With the Capital One Quicksilver card, you can get unlimited cash back as long as you have an open account. You also earn rewards on the card. Within 6 months, they will automatically consider you for a credit line that offers more funding.
If your card is ever lost or stolen, you will have $0 liability in case someone makes unauthorized charges on the card. By using this card, you will also get new alerts so that you can manage all activity through the Capital One mobile application.
Deserve EDU Mastercard For Students
While most of the top credit cards are available for US citizens and residents, there is one card that is very useful for international students. The Deserve EDU Mastercard for students is available for anyone from a foreign country who is currently attending an American college or university.
No Annual Fee And Cash Back
There a few things that students will want to review before applying for their first credit card. This card offers a $0 annual fee and 1% cash back on any purchases made. Since they offer it to international students, it does not require a social security number to apply. This card also offers Amazon Prime to anyone who spends $500 or more during the first three months of having the card.
No Deposit Needed
This card requires no deposit to apply and get a credit line. There are no fees for international transactions with purchases made in foreign countries. Using this card allows you to track all of your spending and monitor your available credit line balance daily. You can see if you qualify for the card without having to worry about your credit score being affected.
Opensky Secured Visa Card
The last card that consumers will want to review when searching for a line of credit is the OpenSky Secured Visa card. This particular card, offers a high chance of approval since there is no credit check required. New applicants will not have to worry about having a certain credit rating to get a line of credit from this card.
As a result, this card is ideal for those with no credit history or those who have bad credit. There is an annual fee of $35 and they report all activity to the 3 major credit bureaus at the end of each month.
How Can You Choose the Right Starter Credit Card?
It’s easy to get sucked into the idea of getting a first credit card. Who doesn’t want to have their own credit card? It can be hard to find the right one for you, especially if you are new to this world. To ensure that you don’t end up with an expensive mistake, check out these tips t that every starter should know before applying for a credit card.
The first thing that you need to do is to do some research on the best starter credit cards. There are a lot of them out there, and they can vary in terms of fees, interest rates, rewards, and more. So it’s essential to figure out which one will fit your needs the best.
Know Your Credit Score
Your first credit card will likely come with a higher interest rate if you have a low credit score. So it’s important to know where you stand before applying for any cards. You can get your free credit score from many different places, so there is no excuse not to know.
How Can I Build My Credit Score?
The best way to build your credit score is to use a credit card and pay your bills on time. You can also get a loan or mortgage, but using a credit card is the easiest way to build your credit score.
You should also keep track of your credit score so you can see how well you’re doing. There are many websites that will let you check your credit score for free.
Try to Avoid Late Payments of Mistakes
Make sure you don’t have any late payments or other negative marks on your credit report, because they will lower your score. If you do have some mistakes on your report, you can dispute them and try to get them removed.
Building up your credit history will take time, but if you follow these tips, you’ll be able to improve your score in no time!
Pay Off Your First Credit Card In Full
This is another thing that you need to keep in mind. Don’t get tricked into thinking that a first credit card will be free of fees because it won’t always happen. If you don’t pay off the balance every month, then you could end up paying a lot more for your first credit card than you thought.
Consider A Secured Credit Card
If you are worried about your credit score or don’t have a lot of credit history, you might want to consider getting a
secured credit card. These cards require you to put down a security deposit, but they can be a great way to start building up your credit. Also, make sure you understand the terms.This includes the interest rate, fees, and more.