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Credit Card Applications » Questions » User Questions » Build Credit History » I am new to the world of credit and I am interested in establishing my credit history. I...

I am new to the world of credit and I am interested in establishing my credit history. I plan on making a large purchase from Jared and I was wondering if I should apply for this card, and use their financing program. Is this something you would recommend?

Answered on

When it comes to finding the credit card you are going to use to begin establishing your credit profile with, there are several things you want to look for in that card. First off, you want to ensure the card you are applying for is reporting credit activity to major credit bureaus. Fortunately, the Jared credit card does report this activity. Another thing you want to ensure is that the card you are applying for is not a card that is going to create unpayable debt. Considering the fact you want to use this card to finance a big purchase, we would not recommend you start with this card. And if you don’t make the payment schedule as outlined, you would get stuck with so much interest, that it might reflect negatively on your credit score. We recommend you start with a more general card with a lower interest rate and no back-interest penalty for carrying a balance in case you need to.

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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