What's a good first credit card?

A prepaid debit card is a great tool for those individuals who do not have a bank account. Be aware that the vast majority of the cards offered today are full of monthly fees, ATM fees, access fees, etc. Get the picture…do your homework. Many advertise unlimited ATM withdrawals… Sure, unlimited as long as you are willing to pay the exorbitant fees associated with it.

If you are looking to build your credit, get yourself a credit card with no annual fee. Sure, credit cards can get some people in trouble, but be smart about it.

Don’t go out and buy that big screen Plasma TV! Use the card to buy things you would typically buy anyway… Gas, groceries, etc.

Then, and this is MOST IMPORTANT, pay IN FULL every month. This will stop you from getting in tremendous debt.

Do not carry a balance.

Lastly, debit cards will not help you build credit… No matter what they purport.

Be smart about your choices.

I got my first credit card when I was 18 from capital one. I started at a $500 limit and hit it pretty quick. Because I paid my bill on time every month, they increased my credit limit to $750. It took me a while longer to hit that. I spent it all on clothes and luxury things I didn’t need. This was a big mistake. When I needed money again a year later, I got a student credit card with my bank, Bank of America. I got a $1000 limit and spent it in a matter of weeks on school stuff and plane tickets. I now owe a total of $1750 for both cards and I’m only 20. That’s on top of student loans, and my car I still owe on. So my advice to you is get a low credit limit, like $250, and every time you use it, pay it right back, do not wait, or you won’t do it. If you don’t have the money to pay it back, don’t use your card! Take it from someone who learned the hard way.

go to Creditcards.com they have a list of all credit cards even for students, and first time credit card holders. They show you the interest rates, etc,

I use a capital one card. you want to find something that has a low interest rate. maybe something that will give you no interest for the first year or so. it’s always good if it has a cash back benefit on there. I would try to find one with an interest no higher than 10% I use my credit card for gas only and when I do use my credit card I make sure to go ahead and deduct what I spent from my checking account so I know I have the money to pay it off every month.

I agree with britaboo. a debit card will not help your credit. it won’t even appear on your credit report unless it is linked to a checking account and you overdraw and then don’t pay it back. they are just for convenience.

get a credit card and pay it in full every month so you don’t have to pay interest. keep the balance under 50% of the total they advance you.

I’d say a student credit card (it’s what I have, I’m 19) they cater to students, give AA miles, and don’t charge an annual fee.

You could try Shop Vickielane they have a credit account with no credit check I started off with a 150.00 credit and made payments on time and received another $150.00. They do report credit which is great start credit.

well credit is not taken out of your account, you are billed for the month then you send a check on your way to pay it off. Debit is a little safer because it is taken straight from your checking account, and you are not as likely to withdral more htan you have. My advice for you is YES get a credit card, start out small maybe a visa with low intrest. ONLY USE IT to fill up on gas or little things like that ONCE IN AWHILE. then when your bill comes PAY IN FULL. if you dont you get a charge and that is how peolpe slip into debt. make sure you calculate the money you spend into your checking account becausethats were it will come out of