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As an immigrant, I struggled to find a credit card. Firstcard was the perfect solution with their no-SSN requirement. Now, I can build credit and earn rewards with every purchase.
Most credit cards for beginners do not offer extensive rewards. Instead, these cards help users establish credit and often prioritize lower fees and simpler terms over cashback or points.
There are some credit cards for beginners, like Firstcard, that offer rewards and prioritize credit building. With Firstcard, you'll earn up to 15% cashback when you shop at any of our 29,000+ partner merchants, up to 10% random cashback on qualifying purchases, and unlimited 1% cashback on all purchases when you subscribe to Firstcard Premium. Firstcard also offers a higher than average APY designed to help grow savings faster.
Annual Percentage Rate (APR) is the yearly interest rate plus any fees associated with borrowing money. As a beginner, it's important to understand how APR works since a higher APR means higher costs if your balance is not paid in full each month. When searching for the best credit card for beginners, look for a card with low or no APR. Firstcard is a great credit card for beginners because there is 0% APR!
If you are a student, opting for a student card is your best bet as they typically have low fees and offer perks tailored to students. For students who are new to credit building, opting for a secured student credit card rather than a traditional credit card may be better so that you can learn to build credit safely without the risk of overspending.
For beginners who are non-students and don't have access to student cards, opt for a secured credit card for beginners, like Firstcard. The Firstcard® Secured Credit Builder Card, which has 0% APR, is designed to help beginners build credit quickly and safely. Firstcard also offers rewards like unlimited 1% cashback on all purchases and 4.00% APY on the money in your account for Firstcard Premium subscribers. These rewards set Firstcard apart from other secured cards that typically have high APRs, low APY, and limited rewards.
A credit limit is the maximum amount you can spend on your credit card in any given month. Issuers determine this limit based on factors such as your creditworthiness, income, and payment history. Spending over 30% of your credit limit can hurt your credit score since your credit utilization ratio is negatively affected when you exceed this percentage.
With the Firstcard® Secured Credit Builder Card, you'll never have to worry about hurting your credit utilization ratio since you get to determine your credit limit each month. With Firstcard, what you deposit is what you can spend. This makes Firstcard an excellent credit card for beginners who want the flexibility to alter their credit limit each month without penalty.
The easiest way to improve your credit score is to get a credit card for beginners and use it responsibly. If you are a beginner looking to improve your credit, apply for a card like Firstcard that reports to all three credit major bureaus and does not require a hard credit check. Hard credit checks can temporarily lower your score, so should be avoided if possible when looking to improve your credit score as a beginner.
As a beginner, you may be rejected due to a lack of credit history or insufficient income. Make sure to review the reason for the denial, which issuers must provide, in order to gain a better understanding of why you were rejected.
To avoid rejection, apply for a credit card for beginners that doesn't require a credit history for approval, such as the Firstcard® Secured Credit Builder Card. Firstcard is a great credit card for beginners as it was designed to help you build credit without the barriers of traditional credit card requirements.
The best way to build credit as a beginner, is to get a credit card for beginners such as the Firstcard® Secured Credit Builder Card. Once approved for your credit card, it's important to use it responsibly by making transactions and paying off your balance in full at the end of every month. With Firstcard your responsible use is reported to all three major credit bureaus: Equifax®, Experian®, and TransUnion®
The easiest way to apply for a credit card for beginners is to apply online! Firstcardbelieves that credit building should be safe and easy for beginners so we made the online application process easy too! With Firstcard you're automatically pre-approved as long as you provide all of the required documents. There's no hard credit check or SSN required which make it a great credit card for beginners.
