1st Credit Card..HELP!? Okay, I have never have a credit card. (I'm 24 and

Okay, I have never have a credit card. (I'm 24 and have an income of around 38k) I don't mainly need one... but would close to to get one for emergency and to build my credit more. (I have pious credit as is).

What do I need to look for contained by a credit card? What is a good interest rate? What is the difference between APR and interest rate? Is at hand a type of credit card you prefer? (capital one, american express, etc)

Having a card is a good notion. Traveling is a lot easier as booking airfare, rooms, rental cars, etc...can border on impossible without one. Blelow is a relation to a great source for credit cards. In fact, for everyone you refer, that get approved, the company will send you $10.00. These cards are from Chase, Discover, and American Express as powerfully as other well agreed companies.

Personally, I do not American Express. They have an annual charge of $75 or something like that and it's rediculous when discover and Mastercard/Visa own no fees.

A good rate for well brought-up credit would be less than 10%. A strange card from the source below will most likely tender you 0% on purchases for 12 months.

As for Interest rate vs. APR...basically if you transport a balance, you start paying interest on the previous month's interest making the lattice effect the Annual Percentage Rate, which always a short time higher than the interest rate. For paucity of a better example, think of a funds account that offer 2.97 Interest with an APR of 3%. Since you earn interest on the previous months deposited interest, you in fact end up beside slightly more interest earnings than if you a short time ago got a flat 2.97%

Hope that make sense.

Look for no annual payment, a low interest rate (APR is annual percentage rate)...below 14% is good great if you can find a lower one. American express is worthy...but not accepted everywhere believe it or not. Visa is your best bet. Check beside your bankthey almost always own their own Visa or MasterCard. To build credit use it and pay it stale right away. Never charge more than you can afford to pay bad that month or with contained by two months. I wish someone would own told me that when I got my first credit cardBe carefull and be smart next to your credit!

Answers: Low FIXED apr, if you get a adjustable rate it will go up. If you look around you can achieve one around 6-8 percent. Don't ever get one difficult than 9. APR is the interest rate.
capital one and american express are both highly good. Though the american express APR is usually high. I have both.

Do not reply to Internet offer that come to you as spam mail. As long as you don't fetch a balance, it doesn't concern what the interest rate is. Get one with a giant interest rate which pays a premium such as frequent flyer miles or cash posterior or free gasoline. Just make sure your be a foil for is paid every month. After a year or two of obedient standing, you will be inundated with better offer.

The best one is the NOTTA credit card. You do NOT need a credit card to build more credit. If you entail one for emergencies, bring a debit card on your checking account.
If you want to build credit, have a word to your banker/financial adviser.

Stay away from them altogether. You're lucky to have gotten to age 24 minus getting one. You can use a debit card for almost anything you would need.

For emergency, save 3-6 months of expenses and put into a funds or money market narrative. Then you still don't need a credit card.

For FIRST Credit Card

Here the card choice depends on your test of the bank whose credit card you want to use or your most preferred promotional donate, without giving a thought to the brand on the card. Other than that, in that is no difference between the two.

For SECOND Card

In this case, it make sense to go for the competing brand of your first card and to opt for a different issuing mound. The logic is that when you have two different cards, both the bank will vie for your business (if your credit journal is good). You will be given deals for 0% match transfers, increased credit limits, and other benefits, since both the bank want you to use their card more. Also if you go to a merchant who accept only one brand of card, you can use that specific brand to prevent self turned away.