Getting your first credit card probably doesn’t seem like a very big deal. Pretty much everyone
has one, and using credit cards to pay bills and purchase essentials is second nature to most people. However, there’s more to applying for your first credit card than you might think, and there are some things to consider in preparation.
1. There are two primary types of credit cards: secured and unsecured.
Secured credit cards are better for those who haven’t built a solid credit history – they’re backed by a cash deposit and limit risk for the card issuer. It’s like a prepaid card, but the cash deposit doesn’t run out as you spend.