What credit card should my son get when he leaves home?

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook

Question: Our son is leaving home and moving into an apartment. He has a part-time job. What credit card would be best for a young man to help build good credit?

Answer: Great question. There are a lot of good credit cards out there that would be ideal to help any young adult build credit. The CardRatings.com site has a lot of search tools that can help narrow down the choices to the ones that make the most sense.

If your son is paying rent and has only a part-time job, he's going to have to budget very carefully. The last thing he needs at this stage of his life is a big credit card balance. No matter which card he chooses, the quickest way to build credit is to pay off the balance every month without fail.

I'd recommend a card with no annual fee and a low interest rate. And if your son lives within his means and pays off the card every month, the interest rate may not matter as much.

  • Gas cards can be a simple way to build good credit if they are paid off each month. They typically don't require a long credit history.

If you run into roadblocks with these options, then take a look at secured credit cards, which can be an excellent way of building up a credit history. However, you have to front your own money to put on the card (say $200), and some secured cards come with steep fees and high interest rates. Also, before acquiring a secured card, ask the issuer which credit bureaus they report to. That reporting is what will build his credit history.


Be the first to comment!

Start Here

Search. Compare. Apply.

Featured Partner Cards