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Your first bicycle probably had training wheels, and the first vehicle you drove likely wasn’t an exotic sports car. So what kind of credit card should you get if you haven’t used one before?
Credit cards can be powerful and complex financial instruments, so it is important that new cardholders choose products best suited to their needs. For example, a card with a very simple fee structure will make it easier for new credit card users to avoid making costly mistakes. New credit card users might also consider applying for a card from an issuer that offers retail checking and savings accounts. In this way, cardholders can see all of their balances from one login, and payments become a simple matter of transferring funds between accounts, not third parties.
It’s important to know where your credit stands when you apply for a credit card. Not all credit card newbies lack a credit history. After all, student loans, car loans and mortgages can build very strong credit scores. You can check your credit scores for free on Credit.com to see where your credit score falls.
Here are five credit cards worth considering when it comes time for inexperienced cardholders to dip their toes into the water.
A beginner credit card with rewards is pretty sweet and the Credit one Bank Platinum Visa with Cash Back Rewards fills both niches. Its’ available to those with fair, poor or bad credit, making it accessible. And you can earn 1% cash back rewards on eligible purchase (terms apply) too.
Credit One Bank® Platinum Visa® with Cash Back Rewards
- Seeing if you Pre-Qualify is fast, easy, and secure
- Get 1% cash back rewards on eligible purchase, terms apply
- Rewards post automatically to your account each month
- Looking for more credit? Get credit line increase opportunities, a fee may apply
- With $0 Fraud Liability, you won’t be responsible for unauthorized charges
- Pick a card that fits your style. Multiple card designs are available, a fee may apply
- Enjoy exclusive offers available to Credit One Bank card members through Visa® Discounts.
- Your card includes travel accident and auto rental collision insurance from Visa®
Card Details +
Simplicity boasts no late fees, no penalty interest rate, and no annual fee, so it lives up to its name. New cardholders also receive 18 months of interest free financing on new purchases. Citi is also a retail banking giant, so cardholders can open up checking or savings accounts there as well.
PenFed is the Pentagon Federal Credit Union, which was created to offer banking services to members of our armed forces and their families. Today, many can qualify if they belong to all sorts of private and public organizations, or join a military support group. Their Promise card has no fees for anything including annual fees, late payments fees, foreign transactions fees, cash advances fees, and balance transfer fees.
BankAmericard Travel Rewards Credit Card
This is one of the only credit cards that has an EMV smart chip, no foreign transaction fees, and no annual fee, so it is a great first card for someone planning on traveling outside of the country. In contrast, most other credit cards impose a 3% foreign transaction fee on all charges processed outside of the U.S. New cardholders earn 10,000 bonus points when they use their card to make $500 in purchases within 90 days of account opening, and 1.5 points are earned for every dollar spent with this card. Each point is worth one cent each as statement credits towards travel expenses. Finally, Bank of America also has a vast network of retail branches.
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
At publishing time, the cards here are offered through Credit.com product pages, and Credit.com may be compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.
More on Credit Cards:
- The Credit.com Credit Card Learning Center
- How to Lower Your Credit Card Interest Rates
- 6 Smart Credit Card Strategies