…Not having credit history how hard is it to apply for a credit card and what are some of the interest rates I will be charged being a first time credit card owner?

Answer: When I was in your situation I applied for several credit cards and was declined by all. Eventually I heard about secured credit cards, applied for one and received the card in a week. A secured credit card has a limit which is usually equal to a deposit that you make. Also, even though you are basically using your own money, the credit card company will still charge you interest if you don’t pay the whole balance at the end of the billing cycle. If you can’t get the deposit for a secured card you can always try CapitalOne. They tend to approve anyone for their $250 limit credit cards.

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