When shopping for your first credit card, there are several factors to consider. Consider how much money you intend to spend and for what purpose you will use the card. You should also bear in mind that a credit card isn't free money and you will be paying interest if you don't pay it back in full. The best card is one with a low rate of interest or a 0% intro period.
Diners Club credit
Diners Club is a credit card that allows you to shop in restaurants. In 1961, it was introduced in India. Frank McNamara - a restaurant proprietor - came up with the idea. It was launched as an invitation only credit card by Citibank, HDFC Bank and others.
Frank McNamara a businessman founded The Diners Club after he lost his wallet at a New York City eatery. He asked his wife to pay for the bill instead of paying cash. The Diners Club card was born from this embarrassing moment. McNamara was accompanied by his business partner. They returned to the restaurant with a piece of cardboard and the Diners Clubcard was born.
Chase Sapphire Preferred
If you're an avid traveler and want a streamlined card experience, Chase Sapphire Preferred may be the right card for you. It is an excellent choice due to its low annual cost and solid reward accrual rate. Learn how it compares with the competition. You'll also find answers to common questions about the card.
First, think about how flexible the card can be. The Chase Sapphire Preferred offers flexible and versatile rewards, with one point for every dollar spent. The card earns one point for every dollar spent on miscellaneous costs. The Capital One Venture Rewards Credit Card offers flat rewards.
Capital One Quicksilver
The Capital One Quicksilver card is the best choice for people who want simplicity and convenience in their financial lives. The card comes with a simple rewards rate and an annual fee. It's easy for you to see how much your earnings are by not having to pay interest or deducting expenses.
While the Capital One Quicksilver is not the best credit card for people with bad credit, it does offer a few benefits that make it worth considering as your first credit card. It offers an intro APR offer, as well as rewards for early spending. You may be better off looking for a higher-end credit card that has travel rewards or cashback rates.
Capital One Platinum Credit Card
Capital One Platinum Credit Card makes a great choice for people who don't have a credit history. The card has no annual fees, no credit score requirements and requires no security deposit. This is the perfect card for people who are trying to rebuild their credit after suffering a financial hardship. It also has a low interest rate and good approval chances, even with a FICO score as low as 580. This card does not offer rewards.
Although the Capital One Platinum Credit Card has no rewards, it's still a great option to help customers build their credit. If you make all of your payments on time and have a low credit utilization rate, you can qualify for an increase in your credit line after six months of card use. Additionally, this credit card doesn't have annual fees or foreign transaction fee.
Citi Rewards+ (sm) Student Credit Card
Citi Rewards+(sm), the Student Card from Citi, may be an option for you if you're a student who is looking for a card. The card gives you two ThankYou points for every dollar spent at gas stations or supermarkets. The card is valid for six months and points are available to redeem for gift cards, free travel, or online shopping.
Whether you're a student studying abroad or a recent graduate looking for a credit card, the Citi Rewards+(sm) Student Card may be just what you're looking for. While there is no annual fee for this card, it charges 3% for foreign transactions. This card is not recommended for extended trips.