Tips For Getting Your First Credit Card - Credit

Tips For Getting Your First Credit Card

Most of us get a credit card on our name when we go to college or when we
are in our senior years of high school and all of us stumble into the same
types of difficulties when it comes to finding an issuer and managing the
credit card. Most banks ask for a prior type of credit history that most
of the time lacks and for some type of warranty that we will be good
payers. It is true, finding the right issuer and building a credit card
history is not easy, but it can be done.

When you apply for a credit card the bank will usually ask you questions
regarding your previous credit lines. Most young people do not have any
type of credit history and this makes the banks unable to positively
respond to their application.

There are two things that you can do to go around this problem. One is
looking for an issuer with a special offer, as there are many banks that
offer credit cards for people who are just starting their first credit
line. It is true that you will not have an extended credit line at first,
but if you prove to be a good-payer and a loyal customer to the bank, you
are likely to receive more credit line in time.

If, however you cannot find an issuer that will give you a first chance
with credit lines, you will need to build a credit history yourself. You
can do this by getting credit cards from gas stations or from stores.
There are gas stations, as there are supermarkets and department stores,
which offer fidelity credit cards to their customers. Once you become the
owner of such a card, make sure to balance it wisely and after a couple of
months you can re-apply for a bank-issued credit card.

Actually, the most useful tips for those who get their first credit cards
now are not those about how to actually obtain the card but about how to
use it. Some happy card holders hit the shops as soon as they have the
little plastic card and spend much more than they can pay back. The banks
will never like that and there are no exceptions or grace periods only
because you are new.

All late payments count as bad credit and if you make such reckless
spending, you are in danger of having your credit ceased as soon as it was
approved. You will also be considered a "bad" client if you lose your
credit card or if you forget credit card information often. Avoid
carelessness when you deal with money and note down all the information
regarding your card and the transactions you have made with it.

Another good advice that all new card holders should follow is about
owning only one credit card in the beginning. This is a good idea because
it helps you get familiarized with the banking world, the card system and
it is also a test to see if you can balance money. After one year or so,
of good credit history you may apply for a second credit card; however, if
you've had payment problems it is wise to stick to that one single card
until you can correctly manage card-money.

It is always difficult for new-comers to break through in the baking
world, yet with patience and a bit of wits you can become the owner of a
new credit card. The difficult and tricky part begins when you start
balancing it. Keeping records of card information, of the transactions
made with it, remembering never to overspend or delay payments and
generally having a careful and wise banking-attitude will make you a good
client and a satisfied customer at the same time.

This article has been provided courtesy of CreditorWeb. CreditorWeb offers
great credit card articles available for reprint and other tools to help
you find the right credit card. You can also use our credit card
comparison tool to easily compare credit card offers from multiple issuers.

MORE RESOURCES:
RELATED ARTICLES
Preventing Credit Card Mess
Credit card debts problem is extremely common today. It is usually the
first sign of longer term financial troubles.
Bailiffs & Council Tax - Knowing What To Do
This article is about bailiffs who may call trying to collect Council Tax
or Community Charge (Poll Tax) arrears. If a bailiff has contacted you to
collect another sort of debt the law might be different.
Negotiating Rates with Your Credit Card Company
Ok, let's face it, everybody hates high credit card rates, and they drain
hard earned money out of your wallet. As a valued consumer, it is apparent
that you learn how to negotiate to get the absolute best rate that you
possibly can.
Searching For A Low Interest Credit Card?
These days, people need to very carefully consider what type of credit
card they will carry in their wallets. There are so many options out
there, and each individual has different needs.
How You Can Avoid Becoming A Victim Of Identity Theft
To reduce or minimize the risk of becoming a victim of identity theft or
fraud, there are some basic steps you can take.The most important one is
to ask periodically for a copy of your credit report.
What is a Credit Report?
Ever wondered what is a credit report? If you've ever applied for a credit
card, a personal loan, or insurance, there's a file about you. This file
is known as your credit report.
Repair Your Credit - The Right Way!
How to Repair a Bad Credit Rating?The Right Way!If you have a bad credit
rating, then you might find that your ability to get financing, loans, and
even some jobs is greatly diminished.Once you have a bad credit rating, it
might seem like there's nothing that you can do about it? but you don't
have to believe that.
Do you Know the Benefits of Checking your Credit Report?
Do you know why you should check your credit report?Of course you do,
because you have undoubtedly experienced one working in your life!No
matter where you roam, your credit report follows you through life,
updating all aspects of your life: your employment, where you live, your
opened credit accounts, your closed accounts, your payment history, and
even public records on you.In this country, a good credit history brings
you benefits of all kinds--a home mortgage, an apartment lease, an auto
loan, or even more credit--with ease.
Identity Theft - Who Would Want Mine?
With all my bills who would possibly want my credit? Let them steal my
identity and pay my bills! Unfortunately, that's not the way it works.
Many of us mistakenly believe that identity thieves hit only the wealthy.
Credit Repair Kit Sound To Good To Be True? It Is.
A lot of people have bad credit. It is unfortunate that good people with
good intentions are sometimes lured into credit card offers with
outrageous interest rates or convinced to buy a new, overpriced car that
they cannot afford.
Credit Cards - Why Prepay?
With prepaid credit cards, you get the practicality of plastic while
choosing exactly how much debt to charge. By taking charge of your
personal financing, you determine your own limits, to the penny, and
change them any time you need to.
How to Repair a Bad Credit Rating
If you have a bad credit rating, then you might find that your ability to
get financing, loans, and even some jobs is greatly diminished.Once you
have a bad credit rating, it might seem like there's nothing that you can
do about it? but you don't have to believe that.
My Credit Card Application Was Rejected! Now What?!?
No doubt, you've probably gotten literally hundreds of credit card
applications in the mail and online, and each and every one of them has
said that you've been "Pre-Approved".Of course it's natural that this
would lead us to believe that the application process is simply a
formality.
How To Survive In A Plastic World, Qualifying For Credit Card
Let's face it, having credit is no longer a choice. "Don't leave home
without it" is more like "can't buy a home without it.
The Hitchhiker's Guide To Insanity
A new sickness is plaguing the UK called Denial. Denial has resulted in a
national personal debt of almost £1.
Dont Fall for Credit Repair Scams
We've all seen the ads on television or in magazines, shouting, "Erase bad
debt!" or "Remove negative entries from your credit report!" If you're a
person suffering from a less-than-stellar credit rating, those headlines
may seem like the answer to a prayer.The only problems is, those programs
don't work, and to add insult to injury, you'll find yourself paying hefty
fees to those companies, only to end up right where you started, or worse.
Beware of Bogus Credit Repair Companies!
So-called "credit repair" companies claim they can remove negative
information from credit reports. Advertising as "Credit Advisors," "Credit
Rating Correction Services" or "Credit Consultants," they trumpet
variations on this message: "Turned down because of bad credit? We can
help!" Many of these companies charge hundreds if not thousands of dollars
for the promise to "clean up" bad credit reports.
How A Prepaid Debit Card Can Help You Rebuild Your Credit
Consumers today are up to their eyeballs in debt. And many people don't
realize it until their good credit has been devastated.
How To Avoid Becoming A Victim of Identity Theft
With identity theft statistics currently at an all time high, and
climbing, it just makes sense that we should all be doing everything we
can to protect ourselves.One of the most prevalent yet overlooked ways
your personal information and passwords may be being compromised is
through the presence of Spyware on your computer.
Restore Your Credit Rating And Reduce Your Debts
Your credit rating affects many areas of your life. Opening new credit
accounts, buying a home or car, getting a new job, and receiving discounts
on insurance rates are just a few of the things that are impacted by your
credit score.

--
http://venteinternet.blogspot.com | http://webandblogdesign.blogspot.com |
http://pusatinternetmarketing.blogspot.com