Choosing the right credit card for your needs can be somewhat more complicated than many of us might expect. This is especially true for those of us who don’t already have a credit history. As a result, quite a large number of people might find it challenging to pick the right first credit card.
Here at Colony Associates, however, we don’t think that should be the case. Instead, we believe that choosing your first credit card should be much easier than it is. Because of that, we’ve compiled some of the best credit cards for people who are getting their first one.
Each will have its benefits and drawbacks, so it’s worth looking at whether they will be appropriate for your needs.
Apple Card
The Apple Card has quite a large number of benefits for many people, with this being especially true for people who haven’t had a credit card before. The majority of this will be seen in the lack of fees that it has. There are quite a large number of annual fees and others that will be charged to people who don’t have existing credit.
However, this isn’t the case with the Apple Card, which makes it one of the more affordable options. This makes it one of the more well-recommended options for people who don’t have existing credit.
Green Dot primor Visa Gold Secured Credit Card
The majority of credit cards aimed at people with no credit history charge a significant amount of interest. As a result, they can often cost much more than they’re worth. However, this isn’t the case with the Green Dot primor Visa Gold Secured card.
This has one of the lowest APRs on the market, which is why it comes well-recommended. The APR is also fixed, so you shouldn’t have to worry about this changing in the future, which is an issue that affects quite a large number of cards on the market.
Discover it Secured
A secured credit card is often the better-recommended option for the majority of first-time credit card holders. While there are a variety of them to choose from, the Discover it Secured card is a tried and tested option that could be beneficial to a large number of people. There are a variety of reasons why this is the case.
One of the most notable of these is that it offers quite a large number of cashback rewards. This is something that isn’t seen with a large number of other cards, which makes it stand out from the rest. This should mean that it’s worth considering.
Colony Associates believes that making the right decision for your credit card doesn’t have to be as overwhelming as you might think. Each of the above cards will have a range of benefits. However, they’ll also have a few drawbacks.
As such, choosing the right one for you will be based on your specific needs. This should mean that you’ll have to spend a certain amount of time comparing them. Speaking to a professional, however, should be quite helpful with this. By doing so, you should be able to get all of the information you need when picking a card
