With no credit history, your credit card options are limited. But that doesn’t mean you should give up. Keep an eye out for particular perks and benefits, and you’ll get the right card.
Rewards potential Some cards reward all your purchases, while others reward you more on specific categories. Consider which card will earn you the most rewards based on your spending.
Your credit score. Unless you were an authorized user on someone else’s credit card, chances are you won’t have any credit score to begin with. Students can go right ahead and apply for student cards, which are one of the best credit-building cards. Anyone else would have to go for secured credit cards, cards that don’t check your credit score or cards that take other factors into consideration aside from your credit score, as the Petal cards do.
Fees. The best credit cards won’t have an annual fee, a foreign transaction fee or late payment fees. If you rarely travel abroad or shop online with foreign merchants, it’s likely you won’t mind the foreign transaction fees. But if you do spend money online or use your card internationally, consider a card with no foreign transaction fees.