What is the best company for first credit card!

Erin19

Looking to get my first credit card, anybody got any ideas where to get the best one for first timers?

Thanks

Maestro.

Depends what you mean by "best". In terms of easiest to get, vanquis are probably the leader there, but they sell your details to all and sundry so beware. There are other providers that are a lot more reputable, but some of them are actually quite hard to get for credit builders, they are aqua and barclaycard initial. Capital one are also a pain in the !!!! if you're not on the electoral roll, and I hear they tend not to like you unless you own your own home.

So if you're desperate to start building a credit history, and you don't mind getting cold calls and spam emails, cut the chase and go with vanquis. Otherwise, try the other companies I mentioned, but be prepared for rejection.

ConnorH

I've recently just applied for my first ever credit card with Capital One and was approved. I don't own my own home, I'm a student with a part time job and on the electoral roll. Before Capital One I considered Aqua, but the APR % I was offered was just short of 50% (though this doesn't really affect me since I plan to pay off every month in full), but Capital One has offered me just over 30%, so am happy with that.

You-kip

ConnorH wrote: »

I've recently just applied for my first ever credit card with Capital One and was approved. I don't own my own home, I'm a student with a part time job and on the electoral roll. Before Capital One I considered Aqua, but the APR % I was offered was just short of 50% (though this doesn't really affect me since I plan to pay off every month in full), but Capital One has offered me just over 30%, so am happy with that.

Just over 30% or just under 35%.

Fruit_and_Nut_Case

Erin19 wrote: »

Looking to get my first credit card, anybody got any ideas where to get the best one for first timers?

Thanks

Do you have a current account? If so, try your own bank for a credit card; they'll have a good idea how well you manage money.

Roland_Sausage

ConnorH wrote: »

I've recently just applied for my first ever credit card with Capital One and was approved. I don't own my own home, I'm a student with a part time job and on the electoral roll. Before Capital One I considered Aqua, but the APR % I was offered was just short of 50% (though this doesn't really affect me since I plan to pay off every month in full), but Capital One has offered me just over 30%, so am happy with that.

I feel quite honoured to get a Capital One card with 14% APR! In fact it is the lowest APR card that I have.

Erin19

I am looking to get a mortgage with my partner and would like to build up my credit score as i currently dont have one, heard my own bank credit cards arent the greatest to go with.

Eonel

Applying for your own bank's credit card is generally advised as the best place to start. They can see how you manage your accounts, making up for your lack of credit record.

I would rather have a credit card issued by a mainstream lender (albeit with record for bad customer service) than a potentially high APR subprime card.