There are several things to take into consideration when looking for your first credit card. You should consider how much you plan on spending and the purpose of the card. You should also bear in mind that a credit card isn't free money and you will be paying interest if you don't pay it back in full. Ideal cards have a low interest rate and a 0% introductory period.
Diners Club card
Diners Club is a credit card that allows you to shop in restaurants. It was launched in India in 1961. Frank McNamara, a restaurant owner, came up with the idea. It was initially introduced by Citibank as an invitation-only card.
The Diners Club was founded by businessman Frank McNamara, who had just left his wallet at a restaurant in New York City. Rather than paying for the bill in cash, he instead asked his wife to cover the tab. This embarrassing moment was the catalyst for the Diners Club credit card. McNamara and his partner in business returned to the restaurant carrying a cardboard card and the Diners Club Card was born.
Chase Sapphire Preferred
Chase Sapphire Prreferred could be the card for you if your passion is traveling and you want a simple card experience. It is an excellent choice due to its low annual cost and solid reward accrual rate. You can read on to see how it stacks against the rest. Here are answers to the most frequently asked questions about the card.
Consider first how flexible this card is. Chase Sapphire Preferred offers flexible rewards with one point per dollar. The card earns one point for every dollar spent on miscellaneous costs. Capital One Venture rewards credit card offers flat rewards.
Capital One Quicksilver
Capital One Quicksilver cards are the best option for those who desire simplicity and convenience in their financial lives. It has a flat rewards rate, which is easy to remember, and there is no annual charge. There are no interest costs or offsetting expenses. It is easy to see the amount you are earning.
While the Capital One Quicksilver is not the best credit card for people with bad credit, it does offer a few benefits that make it worth considering as your first credit card. The card also offers an intro APR deal and rewards for early spend. However, if you're looking for a more advanced credit card with travel rewards or higher cashback rates, you might want to look elsewhere.
Capital One Platinum Credit Card
Capital One Platinum Credit Card - This card is great for those with no credit history. There are no annual fees, credit score requirements, or security deposit. This card is perfect for people trying to rebuild their credit following financial hardship. The card has a low interest and approval rate. This is even for those with low FICO scores, as it can approve up to 580. It does not have a rewards system.
Although the Capital One Platinum Credit Card has no rewards, it's still a great option to help customers build their credit. After six months, if you keep your payments on schedule and have a low credit utilization ratio, you could be eligible for an increase to your credit limit. Additionally, this credit card doesn't have annual fees or foreign transaction fee.
Citi Rewards+ (sm) Student Credit Card
If you're a student looking to get a credit card, you may want to consider the Citi Rewards+(sm) Student Card. You will earn two ThankYouPoints for every dollar spent at grocery stores and gas stations. The first six months are free and you can redeem your points for free trips, gift certificates, or online purchases.
The Citi Rewards+(sm), Student Card is a great choice for students studying abroad and recent graduates looking for credit cards. The card does not have an annual fee but charges 3% for international transactions. This card is not recommended for extended trips.