This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).The site does not review or include all companies or all available products.I’m often asked what type of card to get first, whether it should earn rewards, and how many cards to apply for.Unfortunately, there is no one answer that applies to everyone; ultimately the right card will depend on the person using it.However, if you’ve had serious credit problems in the past, then you will have to apply for a card that is designed for those with “poor” or “rebuilding” credit (scores below 650).A credit card is a tool, much like a hammer or Kanye West.
"The idea with a credit card is you're essentially putting money down that you don't have."Like many members of her demographic, Pileiro is perfectly content with her debit card, a payment method whose existence has eaten into the credit card's market share.After all, the consumer is left having to parse through APRs, annual fees, rewards, transaction fees – the list goes on and on. We have compiled this guide so that people starting out on their credit journey can make informed decisions in their first credit card. The Discover it® for Students is one of the best first credit cards you can apply for.Credit Cards » More Millennials Say 'No' To Credit Cards Twenty-seven-year-old Omaha, Nebraska, resident Erin Duffy has never had -- or even wanted -- a credit card."I've been able to get along without it," she says, attributing the choice to ambivalence and a wariness of plastic her parents fostered in her during her formative years.And yet, this useful financial instrument is anathema to many borrowers, especially young adults.Nearly 70% of millennials, for instance, prefer debit to credit, according to a recent survey by Chime.