Hey Guys Its time for me to get my first credit card so I can build credit. Any suggestions on which one to go after which will will charge me the lease % and has the best perks for the customers???

also if anyone can post links to where I can find more info on these that would be greatly appreciated, thanks in advance!

If you've never had a credit card before, you will probably need to get a secured credit card from your bank. With a secured credit card you can make a deposit for any amount you want, and that will be your credit limit. Once you qualify for a regular card after a while, you get your deposit back. Don't go applying at different places for major credit cards because you will most likely get denied and building up all those inquiries will make your score go down a bit.

Once you build your credit up, you can try the american express blue cash card here: http://www201.americanexpress.com/apply/Fm...mgmID=undefined

I like that card because it has a nice cashback rate which is 5% on things like gas and groceries, and 1.5% cashback on everything else.

awesome post thanks!

I have bank debit cards if thats what you mean, and I get things in the mail all the time for credit cards I guess because they know how much I make so would I be able to get this card?

also what kind of % does the card charge you on purchases?

Bank debit cards arent the same thing as getting a secured credit card from the bank. Bank debit cards won't help you build credit Event though your bank debit cards may havea visa or mastercard logo, those are considered "check cards" since they draw money right from your checking account, and not from a credit account.

About the % they charge you, that's a finance charge and they don't charge you per purchase. The only look at your balance once per billing cycle and if you have a balance on your card, you will get charged a finance fee at that point. If you pay off your credit card balance each month back down to $0, you will never get any finance charges and it would be like using the credit card for free. The APY% they charge you greatly depends on how good your credit is. It's never a specific amount. Since you're just starting to build your credit, you won't be able to expect the APY% to be very low on your first cards, but it will get lower as your credit gets better.

I have bank debit cards if thats what you mean, and I get things in the mail all the time for credit cards I guess because they know how much I make so would I be able to get this card?







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Good Explanation . It clears up every thing.

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