I'm 18 just graduated from high school, and I would like to apply for a credit card, i have absolutely no credit at all. Where do I go or who do i talk to to apply for a credit card? Any tips on what would be a good first credit card?
I would recommend staying away from store and gas credit cards. They are easier to be get but they are also the easiest to get in trouble with. As a loan originator, I see people who are just starting to get credit get in the most trouble with those cards. If you belong to a credit union they would be the best place to go to start getting credit. The interest rates are a lot lower and usually will rarely go up. Starter loans (credit cards are loans) can start at about $300 to $500. You can also get secured loans where you would put the funds down and the bank or credit union holds the money until you pay off the loan they have given you.
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