Credit cards can be extremely useful in some situations. Usually, people get credit cards to enjoy the benefits that come along with them as well as having a source of cash that can be used for emergencies and won’t immediately drain the bank. If you have never owned a credit card yourself in can be difficult to be approved for one in the beginning. Not only will you have to go through the approval process with no prior credit card history but, finding the right start credit card for you can be even more difficult. You want to make sure that the credit card you choose to apply for is manageable enough for you and your financial situation.
Citi Secured Mastercard
One great starter credit card is the Citi Secured Mastercard. Unlike many other credit cards, this one does not have an annual fee and is excellent for people trying to build their credit up. The Citi Secured Mastercard does require a security deposit when going to apply for the card. You will also have the flexibility to adjust your payment due dates to either the beginning, middle or the start of the month. The downside of this card is that it does not offer any rewards when it is used.
The Discover it card id ranked by many as the best starter credit card around. The Discover it card offers people the chance to get the hang of having and using a credit card by providing people 0% APR (annual percentage rate) for the first fourteen months of having the card. Other benefits of having the card include getting 1% cashback on all purchased items and receiving up to 5% cashback on certain items every quarter. In order to get the benefit of 5% cash back on the items, you will need to register through Discover before the start of each quarter to be eligible for the cashback benefits.
Capital One QuickSilverOne
Another great card for people just starting out with credit cards is the Capital One QuickSilverOne card. Unlike the Discover it card, this Capital One card has a flat cashback rate on all purchases in each quarter. 1.5% cashback on all purchases, everywhere, always. With this card, you do not have to worry about applying for the benefit of getting 5% cashback each quarter. The Capital One QuickSilverOne card had an annual fee of $39.