2016’s Best First Credit Cards
|Best For…||Card Name||Editors’ Rating||One-Time Fee||Annual Fee||Security Deposit|
|College Students||Journey® Student Rewards from Capital One®||5 Stars||$0||$0||No|
|Light Spenders||Capital One® Platinum Credit Card||5 Stars||$0||$0||No|
|Heavy Spenders||Capital One® QuicksilverOne® Cash Rewards Credit Card||4.4 Stars||$0||$39||No|
|High Approval Odds||Open Sky℠ Secured Visa® Credit Card||4 Stars||$0||$35||Yes, $200+|
Your first credit card is important, but not as important as how you use it. In other words, a good first credit card will help you save money on fees and maybe even offer some rewards, but paying your bill on time every month and using only a modest amount of your credit line will help you quickly improve your credit standing. And a solid credit score will save you far more than any credit card at this point in your credit career, especially if you’re only 18 years old and thus have limited income and expenses – not to mention as well as decades of financial independence ahead of you.
So the moral of the story is that you should neither drag your heels when it comes to applying for your first credit card, nor think that your job is over once you’ve opened it. With that in mind, one of the best ways to learn about credit is to simply watch how your credit score changes over time in accordance with your spending and payment habits. And WalletHub is the best place to do so, as it is the only site that offers free credit scores and full credit reports that are updated on a daily basis. Your free WalletHub account will also provide personalized grades for each component of your credit score and customized recommendations for credit-card upgrades when the time comes.