Thread: Ok, ok, newby here....

You guys all seem like experts on the ins and outs of credit cards. I am young, and never had one. My friends use them, and seem to benefit from it, ie: points

I don't spend a lot of money, I never spend more than what I have/can, and always pay bills on time.

What is the best for me? If I should answer any other questions, let me know.

Thanks...

There is no "magic card". Each person spends differently. Each person wants something different. People's wants form credit cards range from low interest, to no foreign transaction fees, to rewards (even in that category some want miles and some want cash).

Here is a link some review of cards for limited credit history: Credit Cards for Fair Credit

Also you can look into Student Cards if you attend school.

There are other good cards out there if you look at those that are geared towards "new users". A niece of mine just received her first credit card. She went with the Capital One Journey card.

Hope it helps.

I'd say Citi Forward. 5pts per $ at Amazon (it's entertainment!) and restaurants/fast food/bars/clubs. How old are you?

The point conversion to cash is 3.125% at 5pts, 8000pts for a $50 check. It's aimed at starters like yourself. They even give 1200 bonus points per year for using it monthly and staying under your limit. The straight conversion (before bonus) on 1pt per $ is 0.62%. It's not great but it is a whole lot better than nothing.

I, like many others here, started my credit history before all the 'changes' of the last few years; no more bumping pulls off your reports, the credit crisis in general and my favorite -overreaction for the sake of a reaction.

Live within your means and you will never go wrong! I rarely spend a dollar without getting at least 1% on it. It all adds up.