Starting work after college often means thinking about getting a credit card.
It's a good idea to apply early on, so you can start building your credit history.
But there's a catchwhen you're new to work, the banks and credit bureaus don't have much info about your credit history.
This can make it tricky to get a credit card approved.Banks really look at your credit report and credit scoreto decide if they'll give you a credit card.The credit score is just a number between 300 and 900.
The higher, the better.Here are some simple ways to get your first credit card and start building your credit history in India:1.
Stick with Your Salary BankTry applying for a credit card at the same bank where you have your salary account.
If you have a good relationship with them, they might be more likely to give you a credit card.2.
Go for a Secured CardIf your salary bank says no, don't worry.
You can still get a secured credit card.
This type of card is backed by money you deposit, and it usually has fewer requirements.
Just be sure to pick one with fair terms and fees.3.
Pay in InstallmentsSome stores let you pay for things like phones or electronics in monthly installments.
This is a good way to show you can make regular payments and handle money responsibly.
Just make sure the installment plan fits your budget.4.
Pick the Right CardChoosing your first credit card can be confusing.
Look at things like rewards, cashback, and fees before you decide.
If you shop a lot online, a card from your favorite website might give you cashback.
If you ride a two-wheeler, a fuel credit card could be a good choice.5.
Pay On TimeHow you use your credit card matters.
If you don't pay on time, your credit score can drop.
Try to pay the full amount, not just the minimum, before the due date.
This keeps your credit score healthy.In short, getting your first credit card is about being smart.
Stick with your salary bank if you can, or go for a secured card if needed.
Pay your bills on time, and pick a card that fits your lifestyle.
It's a simple way to start your credit journey!