This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Credit Cards from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Credit Card, you will deal directly with a financial institution, and not with RateCity.

First Credit Card

Need some help? Checkout our Credit Cards Guide

First Credit Card

If you have never had a credit card before and are in the market for one, here is a list of terms that will help you understand how credit cards work and how to avoid paying more than you should:

Purchase interest rate

This is the amount that a financial institution charges you when you make a purchase.

Cash advance interest rate

This is the amount of interest a financial institution will charge you for making cash withdrawals. There is usually a no interest-free period, so you will be charged interest from the moment that you withdraw the money.

Annual fees

These fees are automatically debited from your credit card account and are basically the administration fees for using the card. Look for a card that offers no or low annual fees.

Interest free period

This is the time frame where you do not pay any interest on purchases. The most common period is usually 55 days, so take advantage of this time and pay for your purchases before the interest-free period ends.

Credit limit

This is the total limit set on your card. For a first card it is better to opt for a low limit like $2000. The lower the limit the more control you have over your card.

The table below displays some of the top products that may be best for your first credit card.

10 Products found