3 must read first credit card tips before you apply | finder.com
How to apply for your first credit card

How to apply for your first credit card

Your first credit card can be the gateway to building your credit and will expand your financial options.

Credit cards are needed for simple transactions like reserving a hotel room or making a long-term purchase. But more importantly, you need a credit card simply to establish a credit history. You need to use your credit card wisely to keep a good credit history, as it will be a determining factor of approval for personal and home loan applications.

Tips for applying for your first credit card

Will you be using your credit card to make everyday purchases? Will your payment habits affect if you make timely payments or not? Do you need a credit card with a rewards program? Once you figure out what you’re looking for, you can apply for your first credit card.

Understanding that credit cards are a great responsibility, there are factors to consider:

  • Job stability. Banks and financial institutions screen your qualifications before granting you a credit card, including your job’s stability as well as your salary.
  • Credit history. If you have a previous credit history, banks will check on your standing to set a credit limit and confirm you’ll be able to handle repayments .
  • Personal and financial information. Banks and financial institutions also require you to submit specific documents for your application. Unfortunately for people with no credit history, this can be somewhat challenging as many banks will not want to take a chance on a credit newcomer. An option is to start off with a secured credit card to get your credit history rolling.

If you ever wanted to be able to apply for a personal loan or a home loan, you can do so much easier by applying for a credit card as your initial step.

first credit card applcation

What are the options for my first credit card?

  • I’m a student.

    Many credit card companies offer a first credit card for students. These cards will probably have a low limit to help ensure that you do not overspend.

  • I don’t want to change banks.

    Your current bank more than likely has a credit card they offer to their customers. It may require that you keep at least one open account as long as you have the credit card.

  • I regularly shop at the same stores.

    Department stores and chains also offer credit cards. Be sure to compare these store cards carefully, as they could have high interest rates.


Choose from various types of credit cards and take advantage of offered features.

These are the main types of credit card features that you’ll need to consider with a first credit card application:

Keep in mind that these features would differ from one financial institution to another. Compare each feature first before you make up your mind for the appropriate credit card.

If you are declined with your first credit card application, do not lose hope because you can identify why your credit card application was rejected and apply for it again.

Compare credit cards

Rates last updated February 23rd, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
Barclaycard Arrival Plus® World Elite Mastercard®
17.24%, 21.24% or 24.24% variable
0% Intro APR for 12 months (with whichever is greater: $5 or 3% balance transfer fee)
$0 annual fee for the first year ($89 thereafter)
Enjoy 40000
bonus miles after you spend on purchases in the first 90 days — that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase.
Luxury Card Mastercard® Titanium Card™
16.24% variable
0% Intro APR for for the first 15 billing cycles (with whichever is greater: $5 or 3% balance transfer fee)
$195 ($95 for each Authorized User added to the account)
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
HSBC Gold Mastercard®
12.24%, 16.24% or 20.24% variable
0% Intro APR for first 18 months from account opening (with whichever is greater: $10 or 4% balance transfer fee)
$0
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card.
Indigo® Platinum Mastercard® Credit Card
23.9% variable
$75 annual fee for the first year ($0 to $99 thereafter)
With this card you get a 23.9% variable APR.
Barclaycard Ring™ Mastercard®
10.24% variable
$0
A low, variable APR on purchases, balance transfers and cash advances.
Credit One Bank® Visa® with Free Credit Score Tracking
17.24% to 25.24% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV, terms apply.
Credit One Bank® Unsecured Platinum Visa®
19.15% - 25.24% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Give your credit a boost with credit line increase opportunities, a fee may apply.
The First Access VISA® Credit Card
29.99% variable
$75.00 for first year. After that, $48.00 annually.
Access credit even if you have poor or limited credit history.
Simmons Bank Visa® Platinum
9.25% variable
$0
The Simmons Bank Visa® Platinum Card offers multiple perks, including one of the lowest available APRs on the market.
Credit One Bank® Unsecured Visa® with Free Credit Score Tracking
19.15% - 25.24% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Get 1% cash back rewards on eligible purchase, terms apply.
Simmons Bank Visa® Platinum Rewards
11.25% variable
$0
Excellent Credit Required - Applicants that do not have excellent credit will not be approved

Compare up to 4 providers

Maintain your credit standing with your first credit card

As we’ve stated, most peoples first credit card often establishes your credit history, so it important to pay attention to a few things.

  • Do not overspend and pay all of your bills on time.
  • Having a line of credit for a long period is good for your credit history, so keep your balance low and your payments regular.
  • Banks often give newcomers higher interest rates, so be aware of this and the long-term cost of carrying a balance. Once you have established a good credit history, see if you are eligible for an interest rate reduction or shop around for new card.

When it comes to personal finance there are few things more important then the establishment of your first credit card. Being responsible with it is the key to your future credit rating.

Kyle Morgan

Kyle is an editor/writer who lives in Asbury Park, New Jersey. Exploring new places and hoppy beer are two of his favorite things. He doesn't discriminate against buffalo wings — grilled or fried are just fine.

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US Credit Card Offers

Important Information*
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.24
variable

Annual fee

0 For the first year
More info
The First Access VISA® Credit Card
The First Access VISA® Credit Card

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
Barclaycard Arrival Plus® World Elite Mastercard®
Barclaycard Arrival Plus® World Elite Mastercard®

APR

17.24
TO
24.24

Annual fee

0 For the first year
More info
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