A credit card can simply be a more convenient way to pay for purchases and a means for postponing payment. When you are beginning to building credit score and have no credit history but are looking for credit card, the first thing you have to look out for is the credit card that you can be approved for.
The cards you might look up for is Secured credit cards. Most likely they are approved, instead of just keeping it, you have to use the card and pay it in full from time to time to increase your score. This applies even to students who come as immigrants. If you are worker, go for direct deposit from your employer. As and when you pay off the balance, your credit score would grow but wouldn’t grow too much so soon as one of the most important metric credit reporting agency looks for is credit age. Also, keep note that do not use the entire amount on the card which also affects the credit score.
If you are a frequent traveler via flights, sign up for Travel cards.
If you are looking for Low APR cards, read the terms and conditions keenly. Inspect carefully for interest rates and penalty rates that may apply.
Business credit cards generally exist to separate the business expenses from personal expenses. Companies may offer authorized business credit cards for business employees at no additional cost. The features might include helping the business owner to track the employee expenses on the card.
For the Balance Transfer card, if you are applying a new card, look for the card with the longest duration available to pay off your debt with minimum interest. Look for the cards which have 0% interest on balance transfer.
If you are looking for Cash Back credit cards, cash back rewards will be applied for the generous spending. This might include the purchases you make for gas, groceries, restaurants, etc. Look out for 0% APR for at least 12 months when applying for a card.