Begginer Credit Cards - How To Find The Best Deal

With the number of credit card offers available these days choosing which card is right for you can be a hard decision to make

. The internet makes it easy to check out all the current card offers but before you start researching there is a few things that you need to keep in mind.

Knowing the right way of going about things will also help to get you approved first time and save you time. The most important thing to do before applying is to check your credit report. You can do this at a site called AnnualCreditReport.com, and this is a free service.

At this early stage in your credit life this report may be nothing but a blank piece of paper. The reason that it is still important to check is to make sure that there is not anything on the report that shouldn't be there and that all of your details are up to date. Any banks or credit providers that you approach are going to want to see this report so it is vital that you check it out before applying.

To give yourself the best chance of being approved for your first credit card it is important to be able to show any potential credit providers that you can in fact manage money and are unlikely to be a risk to them. The best way of doing this is to have savings or bank account statements that you can show the potential provider to prove that you are able to use your money wisely.

If you have had trouble managing your money in the past or simply cannot show any records of your money management abilities there are still options available to you. For example, you can apply for a credit card with a low credit limit or a prepaid credit card.

After a period of time of using these types of cards you can then apply for a card with a higher limit or apply for a credit card rather than a prepaid card. You will now have the necessary proof that you need through your statements that you can manage money and pose no risk to the lender.

Starting off this way will allow you to build up your credit score and puts you in good stead for applying for a higher credit limit down the track. Another option available to you if you find that getting approved is hard is to ask a parent or relative with a good credit history to authorize you as an additional card holder. This has the advantage of helping to build your credit score as your payments are made and you shouldn't have to jump through hoops to get approved.

If all else fails you can try applying for a secured credit card. A secured credit card is one that limits the risk that the credit provider has to undertake by approving you for an account. A security deposit will more than likely be needed, but once again the advantage with one of these cards is that your credit score will be built up over time as you make payments. This will help you with future credit applications.

by: Craig Wilson

POST COMMENT

Applying For a Mortgage with Bad Credit Keeping in Control of Credit Cards Keeping Track of Your Credit Card Balances What can I do to improve my credit score quickly? Film Tax Credit Financing In Canada Five Steps To Get Out Of Credit Card Debt Use traditional financing sources to rebuild credit Why you want to apply for credit card? Poor Credit Secured Private Financial Products - Guaranteed Personal Loans With Poor Credit Score Debt Relief - When You Should Be Taking Advantage Of A Credit Relief Program Do You Have Far Too Much Credit Card Debt? What kind credit card your are looking for? Clean Credit Report - How You Can Quickly Raise Your Credit Score