I friend contacted me the other day and said he could not get a credit card. I asked him why so and found that the reason was very simple, he had no credit built up with anybody. There was no credit history on file at all. Now, what do you do in a case like that? I would suggest that the easy way out of this one is to talk to your Bank.
If you have been using the same Bank for your personal banking over a period and more than a year, chances are that they will give you a card with low limit and a rather high interest rate. It is possible to have that changed after a period of time providing that you use the card with smarts. If you pay your bill in time and also avoid overdraft chances are that they will reduce the rate after a few months and also increase your limit on the card.
An other way of getting a card is to get credit reference form your utilities companies and other companies that you are dealing with on a regular basis. If you have been paying your bills on time chances are that they will give you a good credit reference.

When you get your Credit Card and the ball is rolling watch out of the people that are going to be calling with offers about Credit Cards with low interest and all kind of goodies attached. Most of these are scams just wanting to get you into a bind.
It becomes a new experience with the budgeting and also watching your spending. I wish you best of luck.

Credit Cards and the APR that is used is a thing you have to read carefully before applying for any of them. Normally Credit Card companies calculate APR based on several different tables and to understand them is a must. These days, just about all companies that offer an easy way to pay your bills like the Phone or Internet are charging a fee. Oh, for anybody that doesn’t know what APR means, it simply means Annual Percentage Rate and is just an abbreviation used by many people in the Finance industry.
The Apr is always part of the deal when you receive the Credit Card and to understand it can avoid you a lot of problem later down the road.
Now, the fees we were talking about can be like in many cases starting at $1.00 and sometimes reach $3.50 so be aware of the offer for free service, it usually ends up costing you anyway. The Terms and Conditions part of your agreement must be red and understood. Not only do you have to pay your bill but you are also being charged for paying it. This is the way that these institutions are covering all the cost associated with having a card and the processing of your bills. Don’t forget that there are people behind the controls that also have to get paid for their work. When you take all these small transaction fees and start adding them up and multiply by the millions of transactions done than you can understand why these Institutions are making a lot of Money.

Another thing to watch out for is so called No Annual Fee. Well when you are being charged a fee on almost all your transaction and some of your other fees are cleverly hidden then you are still paying an annual fee but divided into many small fees that you don’t pay attention to. Well done and cleverly worded some of these Conditions that they have in their documents, so be aware of it.
Credit Cards are a clever invention and a source of buying power that If used right can be good but as in most cases it is the largest problem for many and also the reason for many Bankruptcies.