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credit cards for beginners
16 May 2019

Starting Out: The Best Credit Cards for First Timers

If you’re new to the credit card game, you’re likely wondering about the best credit cards for beginners.

And we don’t blame you for any confusion about which one to choose, given how many cards are out there these days.

Fortunately, we put together this post of the best credit cards for beginners.

That way you’ll have a much more narrowed down list of which one might be right for you, and you can make an informed decision of which one to apply for.

Sound interesting? Keep reading to find out more!

Discover it Student Cash Back

This first card is great for newbies.

Once you go through the application process and get your new card, you can enroll to get 5 percent cash back every quarter at places you shop at most, like gas stations, restaurants, or even on Amazon. And members automatically get 1 percent back for all other purchases.

There’s a $0 annual fee, plus a 0% APR for the first six months of membership. After that, it goes to a variable APR of between 15.24% and 24.24%.

Also, when your first year is over, Discover matches the amount that you earned in cash back.

Not surprisingly, since it has ‘student’ in its name, there’s an extra benefit for getting good grades. Discover offers a $20 credit on your statement if you show that you have a GPA of 3.0 or greater, for up to 5 years.

Capital One Secured Mastercard

This is another great card for first-timers. It’s kind of a blend between a prepaid card and a full credit card.

When you make an initial deposit of $49, $99, or $200, you get an initial credit line of $200.

Then, when you make your first 5 monthly payments on time, you’ll automatically get access to a higher credit line.

There is no annual fee, and it’s a great card to build up your credit with.

If traveling is in your future, this is a great starter card to bring with you. It offers auto rental insurance, travel accident insurance, and is accepted at millions of places around the globe.

Chase Sapphire Preferred Card

This card is great if you’re new to the credit card game, but also have some money to spend.

It’s known as potentially the best travel rewards card available. Members get 2 points per dollar spent on travel and dining. And then 1 point per dollar spent on everything else.

And it has an incredible introductory offer. If you spent $4,000 on the card within the three months, you get a 60,000 point bonus. And that translates to $750 in travel value. No other card around will give you that kind of intro offer.

But of course, that means you’ll only enjoy this card if you are looking to spend a lot using it. There’s also a $95 annual fee, so you’ll want to make sure you spend enough to eclipse that amount in travel savings.

The Best Credit Cards for Beginners

These cards are some of the best credit cards for beginners. Obviously, they aren’t the only three in town, so be sure to do additional research before settling on the right one for you.

And if you have questions about loans, check out our site!

Here are some other articles you may find interesting:
Why Every Credit Card Owner Needs to Know About Fraud Alert
How to Get a Payday Loan in 4 Easy Steps
5 Payday Laws That You Need to Be Aware Of
Getting a Payday Loan Made Simple: 5 Tips for Instant Approval