What’s A Good First Credit Card To Build My Credit Score?

May 25, 2012

in Tips

What's A Good First Credit Card To Build My Credit Score?

Getting your first credit card is a critical first step into adulthood. With a line of credit comes a new level of maturity, and the decision about what card to start out with should not be made lightly. But before you venture out for your own piece of plastic, consider taking a baby step: Ask your parents to make you an authorized user on their credit card. This will help you build a little credit history, so you won’t have to procure a card completely fresh. It will also enable your parents to teach you the basics of how to manage credit. Otherwise, you must be 18 years old to get a credit card on your own. “I encourage parents to teach their kids how to manage credit before they go to college,” says Beverly Harzog, Credit.com’s credit expert. “It’s good if they know what they’re doing when they start responding to credit card offers. Just letting them know that they need to pay bills on time and that their credit score follows them for life are important lessons to teach.” U.S. News spoke with a few credit card experts, who highlighted these options for beginners. [Read this article]

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