There will come a time in your life when you need to apply for your first credit card.
It has become an almost inevitable part of live.
There are 500 million visa users alone.
Almost everyone carries at least one such card and many people carry more.
They can be a great tool for every day spending, and can help you afford nice things.
But you need to be very careful if you are getting your first credit card.
There are many tricks that can lead you into debt.
If you are in college and are looking to get first credit card, you should look for cards that are specifically geared towards college students.
Many of the big companies offer these cards.
If you go to a small school, your local bank might even offer you a college card.
Simply ask for the qualifications and go over the terms and conditions.
Different credit companies offer different terms but their cards do have something in common.
Typically, they do not have the reward system, but they also offer no annual fees, and typically low interest rates.
If you want to get first charge card, you should look towards college credit cards.
If you are not in college, you have a few more options.
Many credit cards will offer an introductory rate.
These are rates to attract customers.
They will be extremely low.
They may even possibly have no interest rate at all.
But this does not mean that you do not have to pay off your card.
The introductory rate is only temporary.
Be warned that it will eventually skyrocket.
You need to know what your rate will be, and when it will change.
In a nutshell, do not be lured into signing up with a company that offers the lowest introductory rate.
This rate is not the rate you will be paying the rest of the time.
It is also important that you look at your user agreement.
Many people just sign the application and that's it.
Make sure you know what you are getting into.
You need to know your annual fee, your interest rate, and what reward program you've chosen.
If you get first credit card you are on your way to financial independence.
But you have to make sure you treat your card wisely.
Otherwise, you may only be digging your way into a pile of debt each time you buy something on credit.
It has become an almost inevitable part of live.
There are 500 million visa users alone.
Almost everyone carries at least one such card and many people carry more.
They can be a great tool for every day spending, and can help you afford nice things.
But you need to be very careful if you are getting your first credit card.
There are many tricks that can lead you into debt.
If you are in college and are looking to get first credit card, you should look for cards that are specifically geared towards college students.
Many of the big companies offer these cards.
If you go to a small school, your local bank might even offer you a college card.
Simply ask for the qualifications and go over the terms and conditions.
Different credit companies offer different terms but their cards do have something in common.
Typically, they do not have the reward system, but they also offer no annual fees, and typically low interest rates.
If you want to get first charge card, you should look towards college credit cards.
If you are not in college, you have a few more options.
Many credit cards will offer an introductory rate.
These are rates to attract customers.
They will be extremely low.
They may even possibly have no interest rate at all.
But this does not mean that you do not have to pay off your card.
The introductory rate is only temporary.
Be warned that it will eventually skyrocket.
You need to know what your rate will be, and when it will change.
In a nutshell, do not be lured into signing up with a company that offers the lowest introductory rate.
This rate is not the rate you will be paying the rest of the time.
It is also important that you look at your user agreement.
Many people just sign the application and that's it.
Make sure you know what you are getting into.
You need to know your annual fee, your interest rate, and what reward program you've chosen.
If you get first credit card you are on your way to financial independence.
But you have to make sure you treat your card wisely.
Otherwise, you may only be digging your way into a pile of debt each time you buy something on credit.