All banks and creditor companies have standard credit card offers you can apply for. These packages are basic ones, and this means that there are no rewards programs included. These type of credit cards, also called Classic, provide primary services like cash advances, making balance transfers, and purchasing goods or services.
Although there are no extra benefits, in the introductory period there might be some limited offers such as low or no interest rates on purchases and balance transfers. Usually there is an approximate two months period at the beginning when you don't have to pay any interest if you respect the balance repayment date. Keep in mind that in order to apply, you have to be at least 18 years old.
Obtaining a Standard Credit Card is not complicated at all, and if you don't have a credit history yet, you won't have many options regarding bonus programs that are usually offered with other types of cards. In order to proceed, you will need to complete an application. It might happen that creditors will not lend you the amount you'd like if your credit score isn't good enough.
Even if you don't have a credit history, factors such as age, marital status, and steady income are the ones that will determine how much credit can you apply for. Special offers have attractive interest rates, still, it might happen that you will have to pay higher rates in case your credit scor is low. Maybe you consider this a bit unfair, but creditors cannot lend money if they consider that the applicant won't be able to repay the borrowed amount.
The credit application form needs to be filled out with the accurate information, and honesty is important when you need to answer questions about your personal and financial status. In case you have fix payments you need to make each month, or any other kind of expenses, make sure to calculate how much will you be able to repay. Besides these, the credit card provider will check your credit report and whether there is a County Court Judgement against your name or not. If you have any kind of debt, you should be honest and let the provider know about your situation - this will also prove to be helpful for you to avoid building up more debt.
Finding a standard credit card with features to suit your needs is not as hard as it seems. Banks have various attractive offers, but make sure to check the interest rates and other details of the promotions. The time spent to select the credit card that matches your needs will certainly pay off when you will start enjoying its benefits.
Keep in mind that the credit you receive should be payed back accordingly, and respect repayment deadlines to avoid penalties or extra charges that might occur in the next month. This way you can start building up a good credit history, and later on you can apply for cards with special rewards programs or bonus points.
In case you consider that you have a good credit history and you would be eligible for an other type of card, make sure to look for the best credit card offers and choose the ones with lowest interest rates ans suiting rewards programs.