What to expect from a credit card after new employment or getting a job
New employment credit cards were once given away like candy by the major companies in the industry. Uneducated consumers were entering the work force and building a relationship with every single company that offered them credit. Now, people getting a job for the first time are approaching credit usage and responsibility from a much more educated perspective.
These are some of the things you should expect from companies you choose to do business with:
- Clearly defined terms
- A reasonable rate of interest
- A limit that isn’t too high to hope to repay
- Rewards that are relevant to you
What credit card companies expect before offering first employment cards after getting a job
While you cannot possibly have a long history of employment to offer credit card companies, there are things they will still want to see from you. The fact that you are just now getting a job doesn’t mean that you have no financial history to offer.
Companies that extend credit want to see that you have a history of timely utility payments, rental payments, and even payments on other credit accounts. Your good history with other types of credit can help you get better terms when it comes to your first card.
What to expect from your first credit card
The first thing you should keep in mind is that your credit history at this point in time is likely to be quite short. This means that credit card companies are going to be unwilling to offer exemplary interest rates, rewards, or credit limits because your employment and credit histories are so small. Plan to wait a while after getting a job for the first time before you expect great terms from the companies that offer credit cards that are a somewhat greater risk.
Be patient and establish sound spending and credit repayment principles now in order to get the bigger and better benefits from credit card companies in the future. When you create good habits from the very start, you will have a lifetime of good relationships with credit card companies ahead of you.
There are many things you should keep in mind when the time comes to get your first credit card. These are just a few things that will help you make wise credit decisions today, when you are getting a job for the first time in your life and later on after you have a longer, more established history of employment to bring to the table.Back to top