FAQ: I am trying to decide on my first credit card. I...

I am trying to decide on my first credit card. I am... - Limited/Bad/Fair Credit Questions

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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?

Answered on August 13, 2014 | Updated on August 13th, 2014

Tags: No Annual Fee, No Credit, Rewards Program

The content is accurate at the time of publication and is subject to change.

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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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.