Getting your first credit card is an important step in building your secure financial future. When considering cards to apply for, it is important to look at beginner-friendly credit cards that will allow you to build credit while learning how the cards work. You will also want to choose a card that will allow you to make a mistake without penalizing you too harshly. Here are four credit cards that are good choices for first-time users.
Discover It
Widely regarded as one of the best credit cards for those just starting out, the Discover It offers the chance for users to earn 5 percent cash back rewards on up to $1,500 in qualifying purchases each quarter in a variety of rotating categories. The 0 percent intro APR and a monthly FICO report are also quality features of this card.
Amazon Prime Store Card Credit Builder
This card is ideal for shoppers with no credit, acting as a “training wheels” card for financial novices that may need a little help learning the rules of the game. The Amazon card features 5 percent cash back on Amazon Prime purchases, no annual fee, and an additional $40 gift card once the first deposit clears. This secured card will help you to build your credit when used responsibly. (btw, this is the only credit card that my wife and I use)
Chase Freedom
This popular card has a lot to offer first-time credit card users. The Chase Freedom card features no annual fee, making it a good choice for those users who are not sure if they spend enough to break even on the rewards redemption. This card also delivers a $150 sign-up bonus after you spend $500 in the first three months of use. A flexible rewards program makes it easy to cash in on your spending with little hassle.
Capital One Secured
This card is designed for people who have poor credit and who need a shot to redeem their finances. Users secure the credit with a deposit that is tied to the creditworthiness of the applicant. You will receive an automatic credit limit increase after making your first five monthly payments on time with no additional deposit necessary.
With these four solid options, you will be able to find a credit card that suits your needs and preferences. Just remember to be smart about using credit, and you will be well on your way to a secure financial future.
