Credit Card Question & Answer
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Questions » User Questions » Other » How can you get your first credit card?

How can you get your first credit card?

Answered by , at
Add to Favorites:

As per the law, you need to be at least 18 years old in order to get a credit card. Unfortunately though, a lot of banks and some financial institutions are hesitant to offer cards to first time applicants. They are apprehensive about the lack of a credit report and also because teenagers and first time card holders tend to overspend than what they can afford. However, there is also some good news for first time applicants. There are other options to obtain your first credit card. You have to ensure you use it wisely so you can get better cards as you gain experience and create a good credit report.

Opting for student credit card as you first card is a wise choice to make. Not only are banks more than eager to provide students with their own credit cards, but they also offer slightly lower interest rates on them and most of the student cards come with some excellent promotional offers that can work in your favor. However, the key is to choose the right credit card company because though there are a few that offer some great features and benefits to students, there are a few other that treat them as easy preys. Hence, make a well informed choice.

Another easy way of getting your first credit card is by opting for it from the bank where you hold your checking or savings account. However, this will work in your favor only if you have been a good customer with no check returns. Maintaining a minimum balance consistently without emptying your account also will work in your favor if you apply for the card from the same bank.

There is another way as well to get your first credit card and create a good repayment history. There are many departmental stores and gas stations that offer credit cards to people. Consider applying for one of them. The chances of your application getting approved are high since they do not need any supporting documents. However, on the flip side, you will have to be prepared to pay more since the rate of interest on these cards are always on the higher end of the price spectrum.

Finally, you can also consider applying for a secured credit card. When you apply for these cards, you will have to make a small payment as a security deposit against the card. If you do not meet the repayment guidelines, the banks will use the money in the security deposit to clear off your debts.

  • waqas

    sir i am from pakistan i want credit card for net jobs but i have no credit can i get credit card without any security deposit if yes than kinldy tell me the procedure that how can i get credit card thanks waiting for your reply

    • admin

      Reply to waqas
      It is possible to get a credit card without any security deposit. Such credit cards are called unsecured credit cards. A large number of banks offer these cards to people without any credit history. However, you need to be prepared to pay a slightly higher rate of interest as compared to those with a credit history. The available credit limit might also be less, since banks classify people without credit history in the high risk category. In order to apply for the credit card, you can either walk into the bank to speak to the representative there, or you can also visit the website of the bank and fill out the application form. You will get a response by mail advising you if your application for the card has been approved or rejected.

  • Chartric

    Whoa, things just got a whole lot eiaser.

  • Doughboy

    Boy that raelly helps me the heck out.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit

Other Questions in