MT Week - What to know before getting your first credit card

Getting your first credit card isn’t always as straightforward as filling in an application online and getting your card in the post.

Many credit card providers are reluctant to approve first time users because of the increased risks involved.

They might easily get into debt if they’re not using their card responsibly, for example, or they might default on their payments.

So unless you already have a good credit history, or can demonstrate that you have a healthy income, you might be rejected outright.

There are providers and credit cards that are designed for first time users though - and there are things to consider before you apply.

With that in mind, here’s your ultimate guide to getting your first credit card.