What is the best first time credit card?

Question

I am 20 years old, with no credit. I'm buying a house and would like to know which card would be best to build credit.. i don't know much about credit cards at all so if anyone could tell me what to stay away from thatd be great, thanks!

Answer 1

The best way to build credit is to open a credit account at a retail store or furniture store and make payments on it. Buy and pay in a couple of months so your credit can show payments in timely manner and good account activity. Credit cards are usefull however sometimes they are too convinient and we overspend. Start off with a store card like Sears or Mervyns or Target and start building your credit like that. Remember buy and dont pay it off right away. Creditors want to see activity and on time payments.

=) Good luck.