Believe it or not, when you start your hunt for your first piece of plastic, it’s actually not as hard as you think. People often tend to think that getting your first credit card is really tough. After you read our quick list, you’ll realize that applying and getting approved isn’t as hard as you think.
If you don’t have any credit yet and you have a clean slate of credit history, this is a great first step, especially if you’re young. Credit companies love to take their chances on first time card holders. The companies assume that if you don’t pay off your bills, you will have your parents to fall back on. The older you get, the less likely the companies will approve you.
Like most credit cards, the better your credit score, the easier it’s going to get to get approved. As your credit score rises, you will find that you will be able to apply for more perks. This is because you’re a trustworthy card holder. This is almost a reward for doing well and paying off your bills on time.
Besides having great credit history, it’s also important that you play by the companies rules. The golden rule when it comes to your plastic is to pay off your bills on time. Even if you’re paying off your bill with the minimum amount, this is all the companies are looking after. If you’re able to pay off your bills on time all the time, you will gain a lot of trust with them.
The second requirement that you must meet when you have your piece of plastic is to treat it like cash. No company wants to hear that you’re declaring bankruptcy because you can’t manage your money well. It’s your responsibility to manage your money well. You can’t go and blame the companies for your mistakes. If you find yourself getting into a bind like this, it’s always best to either seek counseling for your debt or simply cut your cards up.
Credit card companies will understand if you pay your bills off late once in awhile, this happens to all of us. In the long run we’re human beings and we’re bound to make mistakes. The main focus is to make sure that this doesn’t happen a lot. It may be able to slide a few times of your lifetime of owning the card but the companies tend to frown upon it. If you find yourself missing out on paying your bills on time, etc, it’s important that you set up an automatic bill pay system with the companies. If you don’t feel comfortable doing something like this, you can always set up a little personal reminder on your cell phone or use an e-mail reminder service online.
As you probably have learned by now, meeting credit card requirements isn’t that hard. In fact, it’s really simple. Once you receive your first piece of plastic, you’re on the right path. In order to receive better, you will just have to work at paying your bills off on time and avoiding debt. With these fundamentals, you’ll be a perfect candidate for any company.