Credit Card Question & Answer

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I am trying to decide on my first credit card. I am not a student but I want to start ...

I am trying to decide on my first credit card. I am not a student but I want to start establishing some credit. What’s more beneficial: a card with no annual fee for the first year and a low one after that or should I focus on one that offers some rewards but with a higher annual fee?

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Leo Zhu

If you do not have credit reports with any credit bureau, you should apply for a secured credit card. You will need to put down a security deposit to get a secured card. A minimum security deposit is usually around $200. Secured cards have an annual fee and may have low APRs. Secured cards are reported to credit bureaus and you will be able to establish your credit.

If you have some credit history in your reports, you can consider applying for the . The card has no annual fee for the first year and it will be $19 after that. There are no application fees and no deposits required. Your credit activity will be reported to major credit bureaus monthly, so you will be able to build your credit.

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