1. What credit score do I need to get a credit card?

Credit score requirements vary by card. Secured cards and student cards often accept low or no credit, while premium rewards cards typically require a score of 700+ (good to excellent credit).

2. Can I get a credit card with no credit history?

Yes. Options include secured credit cards, student credit cards, and some entry-level unsecured credit cards designed for beginners.

3. How many credit cards should I have?

There’s no perfect number, but having multiple credit cards can improve your credit utilization ratio and offer different perks. However, managing too many cards can hurt your score if you're not responsible.

4. Do credit cards have hidden fees?

Some credit cards charge annual fees, foreign transaction fees, late payment fees, and cash advance fees. Always check the card’s terms and conditions before applying.

5. Can I pay rent or a mortgage with a credit card?

Some landlords and mortgage companies accept credit card payments, but they may charge a processing fee. You can also use third-party services like Plastiq, but fees apply.

6. What happens if I only pay the minimum balance?

Paying only the minimum means you’ll be charged interest on the remaining balance, which can lead to long-term debt. Always pay more than the minimum when possible.

7. What is a balance transfer, and should I do one?

A balance transfer allows you to move debt from one card to another with a lower introductory APR (often 0% for a period). It’s great for paying off high-interest debt, but watch out for balance transfer fees (typically 3%-5%).

8. Can I increase my credit limit?

Yes. You can request a credit limit increase from your issuer, but they may check your credit. Having a strong payment history and low credit utilization improves your chances.

9. What should I do if I see a charge I don’t recognize?

Contact your credit card issuer immediately to dispute the charge. Many credit cards offer zero-liability protection for fraud.

10. Will closing a credit card hurt my credit score?

It can. Closing a card reduces your available credit, which may increase your credit utilization ratio and lower your score. If the card has no annual fee, it’s often better to keep it open and use it occasionally.