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Credit Card Applications » Questions » User Questions » Build Credit History » I am new to credit and I am just beginning to establish my credit profile. I am not sure...

I am new to credit and I am just beginning to establish my credit profile. I am not sure about what credit card I should apply for. The PenFed credit card seems interesting, so I was wondering if you thought this would be a good card to start with?

Answered on

If you are looking for a credit card as a first step to building your credit profile, remember, there are several key features you want to have in your first credit card. First of all, you want to ensure that the card you are applying for is reporting all of your credit activity to major credit bureaus. This is a very important factor because this is what actually allows you to start building your credit profile. Secondly, you want to ensure that the card you are getting is not going to be a credit card that you will end up paying late. Having late payments could reflect very negatively on your credit score. If I were you, I would start simple. You should find a very general credit card and use it judiciously, meaning only buy what you need and can pay for when the bill comes due.

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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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