Would Like to Send You Push Notifications. Notification may includes alerts, activities & updates.

For Brands


In today’s world credit card is a very important part of purchase and shopping. Eighteen is the age when you can have your own credit card. It is not enough if one is qualified to have a credit card for one also should be responsible enough to charge only what one can afford. Thus it is important to be cautious about using the credit card and also to know how to buy a credit card for the first time.

Approval of the Credit Card

Getting the right approval for a credit card is usually tough and if one is below the age of 21 and do not have a job then it becomes difficult. The Federal Law specifies that the young adults who are below the age of 21 and have a legal income are approved for a credit card. However, an allowance cannot be considered as a source of income. If you do not have an income then you have to persuade someone who is willing to open a joint account for credit card.

Having a Credit History

Having the right credit history is also a crucial factor to get the first credit card. One of the main factors that normally credit card issuers think about while they approve the applicant. Having a steady income, thus forms the crux of getting a credit card. It could either be a part time or a full time job, this makes you eligible to be in a position to get your first credit card. Normally, the issuers have to ensure that you will be able to afford and repay the balance, only then your application gets approved.

More About First Credit Card Application

If you is enrolled in a college and still a student, then there is every chance that you can get approved for a student credit card as your first credit card. Most of the issuers usually have a student credit card. However, it is not a good idea to be owner of a credit card as it has student in the title. Some cards also have higher interest rates and annual fees, thus making it a very bad deal for first timers.

A Savings Bank Account Could Help

At times for those who have a savings account, the first credit card application could be easier. Having an existing bank relationship enhances your chances of getting a credit card application approved. This is also possible more when the account has been handled responsibly. When there are no overdrafts then there are more chances of being approved. One can also apply online, however it is always good to visit a bank branch and have a face to face talk with a representative who has more authority to get the application approved.

Credit Card Through a Retail or Departmental Stores

Usually retail and departmental stores have easy approval for credit card. There are disadvantages in this too and these have higher interest rates that make it a very costly deal. You may be required to carry forward the balance from one month to the next month. There is another disadvantage with the credit card which is indeed versatile. One can also use them in the store. These kind of limits, whatever you want to buy but it also encourages you to go on a shopping spree and accumulated points giving a lot more discounts. A retail store credit card could be the first credit card and this helps you to have a good credit history to apply for a major credit card in some time.

Applying for a Secure Credit Card

If you wish to have a secure credit card, then the credit history helps you to apply for a usual credit card and also for a secured credit card. With a secured card, you can make deposits against the overall limit that is permissible in the account. The bank has this money so that you are covered from risks of payments. Most of the credit card issuers usually convert the secured credit card to an unsecure one, if you fail to make monthly payments on time for at least a full year. You need not worry about having a secured credit card, as it will not render you from getting some other credit cards. Also, it is kept confidential, for higher purpose, and never registers if you have a secure credit card.

Cards That Have Limited Credits

Usually there are some credit cards that show the type of credit history that is needed to get approved for the listed cards. For one who has a credit card, there are other cards that normally accept applicants who have moderate or have no credit at all. You should apply for cards that are surely turned towards maintaining a credit history that enhances the changes of getting the card approved. Always try and avoid applications for credit cards that need good credit, as they could be, at times, denied.

Applying for a credit card largely depends upon your earnings and credit history, as these factors mainly decide your credibility to pay up the balance amount due in next month. You can always choose which type to go for, according to your need and convenience.

Other Related Guides

How to Choose a Bank, How to Buy a Credit Card, Trading and Investment Services in IndiaBuying Guidelines for Life InsuranceBuying Guidelines for Auto InsuranceThings to Consider While Getting a Loan

List of All Buying Guides

Buying Guidelines for Bikes, Buying Guidelines for Cars, How to Choose a College, How to Choose Boarding Schools, How to Choose a Preschool, Top Universities in India, How to Choose Computer Coaching Centre, How To Choose An Aviation Academy, How to Buy an Air Conditioner, Guidelines for Buying a Camera, Buying Guidelines For Air-coolers, Buying Guidelines For Smartwatch, Buying Guidelines for Fitness Tracker, Buying Guidelines for a Laptop, How to Choose Software for Business, Buying Guidelines for Printer, How to Choose an Employer, How to Choose a Gym, Buying Guidelines for Smartphones, Buying Guidelines for Tablets, How to Do Online Shopping, How to Choose a Bank, How to Buy a Credit Card, Trading and Investment Services in India, How to Choose Movers & Packers, How to Plan a Trip, How to Book Airline Tickets Online, How to book a hotel room, Buying Guidelines for Eye Makeup, Buying Guidelines for Face Makeup, Buying Guidelines for Lip Makeup, Buying Guidelines for Makeup Removers, Buying Guidelines for Nail Polishes, Mooc (Online Education), How to Choose Right Hair Product, Buying Guidelines For A Shampoo, Buying Guidelines for Electric Shavers & Razors, Buying Guidelines for Trimmers, Buying Guidelines for Dishwashers, Buying Guidelines for Electric Chimney, Buying Guidelines for Food Processors, Buying Guidelines for Gas Stoves and Hobs, Buying Guidelines for Induction Cooktops, Buying Guidelines for Juicers, Buying Guidelines for Kettles, Buying Guidelines for Microwave OvensTips for Modular Kitchen, Buying Guidelines For Pressure Cooker, Buying Guidelines for Refrigerators, Buying Guidelines for Toasters and Sandwich Makers, Buying Guidelines for Water Purifiers, Buying Guidelines for Air Purifier, Buying Guidelines for Generators (Genset), Buying Guidelines for Inverters, Buying Guidelines for Steam Irons, Buying Guidelines for Vacuum Cleaners, Buying Guidelines for Washing Machine, Buying Guidelines for Water Heaters, How To Choose Pest Control Products Or Agencies, Difference Between Microwave and Otg, Must Have Tools for a Business, How to Buy a Mobile Insurance, How to Buy Makeup? – Tips for Newbies, Buying Guidelines for Life Insurance, Types of Accommodations, Buying Guidelines for Bags, Buying Guidelines for Auto Insurance, Bachelors in Pharmacy and the Types of Entrance Exams, Things to Consider While Getting a Loan, Buying Guidelines for Car Speakers, Buying Guidelines for Wrist Watch, Schools – Boards & Exam Pattern, Buying Guidelines For Power Bank, How to Get Into B-schools, Hair Colouring Tips, How to Check if a Website Is Safe!, How to Choose a Good Builder Before Buying an Apartment or Home, Buying Guidelines for Fragrances