Credit card price protection is a less well-known credit card benefit than saying, rewards, registration bonuses, and introduction rates. Price protection is a benefit that refunds your spread after the price of the item you recently purchased with your credit card has fallen. The difference does not have to be at the same retailer to get the benefit. So if you buy a laptop for $800 and then see it at another retailer for $600, you can file a claim with your credit card issuer and get $200.
Choosing the right credit card is an overriding process for anyone, especially for those who use their credit card for the first time. If you want to get your first credit card, use our cheat sheet to help you find the best credit card.
Check your credit score
Before you apply for your first credit card, let's see what your credit score is. Your credit score allows credit card companies to view your credit or the reliability of your loan repayment. Use your credit score as a guide when looking for the right credit card, so you won't be applying for a credit card with a low probability of approval.
No annual fee
Secure credit card
If you are between the ages of 18-25 and you are applying for your first credit card, chances are that your credit history is limited (if any). Many people want to know, if I am not qualified to apply for a credit card, how can I start to build a credit score? The solution lies in a secure credit card.
Unlike the above unsecured card, a secured card requires a deposit as a collateral to prevent you from repaying the loan. These cards are easier to qualify and can serve as a great opportunity to start building your credit score from scratch or rebuilding your credit score if it's poor. Do not consider low credit limits and limited returns as a disadvantage. Instead, treat it as an opportunity to learn how to manage your credit card successfully. If you pay your monthly balance in full and do not exceed your spending limit, you will soon benefit from responsible credit card usage. At any time, when you build your credit score, you will be eligible for a higher credit card limit, lower April and better rewards.
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More than 60% of Americans are not sure what a credit score is. Only about 30% of Americans check more than one credit score a year. Most people don't know how credit scores are calculated, and they don't know what to do to improve. With all the contradictory advice and information about credit scores, it's hard to determine – is credit score related?