If you are new to credit cards and have little to no credit history, you may want to apply for the Sierra Central Credit Union Visa My First credit card. It has a lower credit limit than many other credit cards but it is a good starting point.
If you are not a part of any credit union you can look for other starter credit cards here for FREE!
If you don’t have a credit history it can be hard to be accepted for a credit card, yet credit cards are one of the necessities in life. Sierra Central Credit Union gives you the opportunity to start building the credit you need for your future.
Sierra Central Credit Union My First Visa Credit Card Features
One of the nice features of the My First card is that there is no annual fee. Although the limits of credit are lower, they still range from $500 to $1,000, depending on factors such as your income level.
Because the individuals who apply for the Visa have little to no credit, the interest rate is a bit higher than some of the other cards offered by Sierra Central. The APR for both purchases and cash advances is 19.99%.
Importance of the My First Visa Credit Card
If you are younger, you may be wondering why it is important to have a credit card and credit history. The truth is that your credit history and score determine a lot of things in your life. It determines if you are approved for a mortgage, a car loan, and other loans. It is also a factor in insurance rates and if you are approved for an apartment.
One of the ways you can build credit is by using a credit card responsibly.
The My First Visa from Sierra Central has fewer rules and restrictions in regards to being approved for the card.
If you use it like a responsible adult and pay your bills on time, you can start building credit and improving your score.
If you’d like to see some suggestions, the Federal Reserve can help you with more information on how to improve your credit score.
It is FREE and quick to compare credit card offers right now!
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