Your First Credit Card Should Not Be Treated Lightly

Always do your research and comparison first, before applying for your first credit card online

Some people just apply for a credit card without much thought and don’t do a proper comparison of the cards available. Making the decision of what type of credit card you will need is important to do right at the beginning because you may have that credit card for years. Even if you don’t, the way you treat it will be recorded on your credit report and will remain there for many years to come.

ANZ First Visa credit card

With the ANZ First Visa you can have access to extended warranty on your purchases, and 90-day purchase security insurance against loss theft or breakage, over a range of new personal items.

• $30 annual fee
• 0% p.a. for 3 months (reverts to 19.24% p.a.) on purchases
• 0% p.a. for 3 months on balance transfers
• Cash Advance Rate of 20.99% p.a.
• 44 days interest free
• Minimum Income Requirement of $15,000 p.a.

Read the ANZ First Visa Credit Card terms and conditions.

Don’t treat your first credit card lightly

Your first credit card will be the most important one you ever own. It will be a reflection of how you handle credit when it is handed to you and you need to realize this before you get your first card.

The first card that you own may be the start of a long relationship between you and the company that issues the credit card. That is why it is important to carefully choose your card to find the best one for your own financial situation. You may own this credit card for quite a while so you should fully understand all the conditions and terms that are associated with it, and try to find one that matches your lifestyle.

Credit card spending can become a habit and the way you handle your first card will set up your future spending habits. How you use your first card and what you use it for will determine how you use the card later. Using it carefully at first will mean that you will be careful with it later. This will help you avoid getting into a heavy debt situation.

Too many applications

If you want to apply for a credit card and it is your first one, make sure that you choose it carefully and only apply for that particular card. If you apply for too many cards at the same time your credit report can become damaged. You may be approved for multiple cards, but that is not necessarily good news.

Applying for too many credit cards at the same time makes you look desperate for as much credit as you can possibly get. The credit card companies may think that you need credit for a specific situation and may be worried that you are trying to use credit the wrong way. The credit you get in future years depends on how you use your credit now. Credit limits will be determined by how much of a risk you pose to lenders, and multiple requests for credit cards will stay on your credit report for many years.

Owning a credit card is a responsibility that is not to be treated lightly. You need to show your creditors that you are a responsible person that can handle credit while you can. You have one chance to prove yourself when you get your new card so do it well and do it wisely.

Check out today's featured offers:

Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum	Westpac Low Rate
2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers	0% p.a. for 6 months on purchases & balance transfers

Subscribe to our newsletter and get "The Ultimate Guide to Balance Transfers"

Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%
	American Express Qantas Discovery Card	Earn Qantas Frequent Flyer points, plus take advantage of the no annual fee offer.	20.74%		$0	20.74%