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Credit Card Applications » FAQs » Other Questions » Which is the best credit card to apply for just starting out.

Which is the best credit card to apply for just starting out.

Date: April 18, 2007, 7:29 am

To begin establishing credit you can go one of the three basic ways which proved to be reliable. If you have some money, you can open an account - a saving or a checking one, which will serve as collateral to your secured credit card. The credit limit you'll use will be equal to the deposit you've made. Another variant is filing unsecured credit card application. In this case no deposit is required initially, but unsecured credit cards charge rather high fees and have less attractive rates in comparison with secured credit cards. Certainly, these cards have attractive options, but your income should be enough to afford them. If you have a friend or relative with good credit, you can choose the third variant - co-signer credit card. If a good credit person agrees to be your co-signer, he should obtain a good credit card and sign you up as a co-borrower. Since that moment he will be the guarantor that you will pay your credit off. You'll get the chance to use a good credit limit and accumulate points to your credit score, but you both will be responsible for the credit. You are welcome to read our articles and get acquainted with the rules for starting your credit.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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