How Can You Get A Credit Card When You Are Just Starting Out

After you graduate high school, or perhaps before you graduate high school when you turn 18

, you can finally get a credit card for yourself. However, not all companies are going to give you a credit card, considering that you are at a very young age. You have to find a company that is willing to offer you a credit card, regardless of the fact that you have no credit history. In order to build a credit history, you have to have credit cards. Therefore, there are going to be companies out there that will give you one. Credit cards are the simplest way to start building your credit, without having to make a serious purchase. You can also never qualified to finance a car, house, condo, Reeve and rent a apartment, unless you have a good credit history. The best way to start out with doing this is to use credit cards. Below, you'll find some recommendations to getting a credit card when you are a student or young person, that is just starting out.

Find a student credit card from credit card websites

Even though a student credit card is going to have a high interest rate, it's probably one of the few credit cards that you'll actually qualify for. You are not going to be able to get a credit card from a large bank, unless it is a student credit card. When you have no credit history, they have nothing to go on that you are going to be able to pay your bills. They may be hesitant to give you a credit card, since they don't know if you will be negligent with your bill paying. Of course, if you don't pay your bills, they just send you to collections and it will ruin your credit history. It's beneficial to you, to pay your credit card payments on time and never miss one. However, they still have to be cautious, because sending people to collections is not an easy process for them. Student credit cards are a great way to start out with credit card purchases. You can find student credit cards from providers like Capital One, Bank of America and others. There are Credit Card Comparison websites out there like Credit Card Insider that can help direct you to the right places when you are shopping for a student card.

Student cards will have high interest rates, but they're great for people starting out

Yes, the student card is going to have a pretty high interest rate. Sometimes however, the credit card provider will offer lucrative reward systems for students. They want to reward you for spending money on your credit card and doing it responsibly. Therefore, they will offer you rewards on qualifying purchases. This could be for gas, groceries, restaurants or any other type of expense. If you purchase these items on your credit card, and make on-time payments, they will offer you cash back. You can use this money in any way that you'd like, you can even apply it toward your bill. In essence, there a lot of things to know about getting a credit card when you're just starting out, I hope this article helped.

by: Merrie Gallo

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