eHow launches Android app: Get the best of eHow on the go.

How to Get a First Credit Card

Video Preview
From Quick Guide: Introduction to Credit Cards

Summary: The most common way for someone to get a credit card is to establish a banking relationship. Get a checking and savings account before getting a credit card with advice from a registered financial consultant in this free video on money management.

Views:
158
Presenter
By Patrick Munro
eHow Presenter

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"This is financial adviser, Patrick Munro, talking about how to get your first credit card. Normally, though, the way an individual would get a credit card is to first establish a banking relationship. And the best way to do that is to get a savings account and most preferentially a checking account to match that. Once you have those accounts, and you are maintaining the accounts on a regular basis, most checking accounts are also linked to debit cards. The debit cards have the Visa logo on them, or Master Card. And once those accounts are kept in good standing at the checking account level, you will normally receive and offer for a credit card about six months later in the mail. Be mindful of the credit card offer, make sure that the interest rate is something that you can afford. And then once you have the credit card, maintain it and manage it in an effective way. Always make the payment on time. Don't max out the credit card, and pretty soon you'll see other credit card offers coming in your system as well. You can grow your credit history by it. This is Patrick Munro talking about how to get your first credit card."

eHow Article: How to Get a First Credit Card

Related Ads

  • Have you done this? Click here to let us know.
Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance