7 Things You Need to Know before You Get Your First Credit Card ...


Before you get your first credit card, there are several things to consider.

Of course, you have probably already considered how convenient having a credit card will be.

You can use a credit card to purchase items at any store.

Credit cards are often needed to make online purchases.

I don’t know what I would do without my credit card when I want to buy something online.

Convenience aside, credit cards are also really important to have for emergencies.2

The first time my car broke down I was so happy I had a credit card to pay the tow truck.2

Obviously, credit cards are very useful, but before you get your first credit card you need to know the following things.

1. Shopping for a Credit Card

Before you get your first credit card, you need to go shopping for a credit card.

You may get credit card offers in the mail and be tempted to apply for the first offer you receive.

However, there is no need to limit yourself.

Not only can you shop for credit cards at websites like credit.com, but you can even apply for a credit card at your bank or credit union.

Sometimes, applying for a credit card at one of these places is actually better.

This is because as a first time credit card owner you won’t have very much credit, and your bank or credit union may be more forgiving of this.

As you are looking for a credit card, whether it is online, at a bank, or at a credit union, you will need to do some comparison shopping.

2. Comparing Credit Cards

There are so many credit cards to choose from.

In the process of looking for a credit card, you may find yourself wondering how to know if a credit card is good or not.

There are several factors that you will want to consider when trying to decide which credit card is right for you.

First, you should find out if there is an annual fee.

Some credit cards make you pay a yearly fee to be able to use them.

Personally, I stay away from these credit cards because an annual fee is not in my budget.

You also want to consider what the annual percentage rate is.

This is the interest rate you will be paying on your purchases, and you want it to be as low as possible.

Also, you should consider the introductory rate.

Some companies offer a zero interest rate for the first six months.

Finally, you should find out what the late payment policy is.

Some credit card companies increase your interest rate if you miss just one payment, which you should never do.

Good Payment History
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