In fact, getting plastic for the first time is pretty straightforward. Once you open a credit card account, make sure to use it responsibly.
Above all else, that means paying your bill on time every month and keeping your credit utilization as low as possible.
Trans Union interactive is a wholly owned subsidiary of Trans Union.
GOFree Credit and its benefit providers are not credit repair service providers and do not receive fees for such services, nor are they credit clinics, credit repair or credit services organizations or businesses, as defined by federal and state law.
Before submitting an application, always verify all terms and conditions with the offering institution. Approval Odds are Wallet Hub estimates intended to gauge your likelihood of approval for a particular product.
College student credit cards usually offer the best terms because banks are eager to establish long-term relationships with people who are getting undergraduate degrees and are on their way to getting above-average-paying jobs.
Your ultimate goal in using a no credit credit card is building credit as efficiently and cost-effectively as possible.
The best way to accomplish that is to get into the habit of paying your bill on time and in full every month.
If you can do this, you’ll render your card’s interest rate effectively irrelevant and make the annual fee your main consideration in comparing credit cards for people with no credit history.
Should you find multiple cards with the same low annual fee, shift your focus to maximizing your rewards.
Finally, it’s worth noting that while many people assume otherwise, “credit cards for no credit” and “credit cards for limited credit history” are actually the same products.