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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?

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Leo Zhu

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.

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