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I have never had a credit card before and I was interested in applying for one so I can...

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I have never had a credit card before and I was interested in applying for one so I can start building my credit profile. I was planning on applying for the Fairmont credit card. Do you think this would be a good card to start with or are there any other cards you would recommend?

Answered on Aug 1, 2015

Updated on Aug 1, 2015

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

If you are an individual who is seeking a credit card to use as a tool to start building your credit history, there are a few specific things you are going to want to look for in that card. First of all, you want to ensure that the card you apply for is not going to be a card that will cause you to earn an unpayable debt. This could reflect negatively on you, and leave you with a negative credit score. Secondly, you want to ensure that the card you apply for is reporting your payment activity to the major credit bureaus. The Fairmont credit card is issued by Chase, so luckily, some credit activity will be reported. If I were you, I would skip the Fairmont card and instead look for a general bank card. Whatever card it is that you end up with, be sure to use it responsibly.

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