First Credit Card? Check These 9 Crucial Things Before You Apply!

• Before applying for your first credit card, assess your eligibility based on income to avoid rejection and potential credit score damage.
• Evaluate annual fees versus card benefits; consider 'lifetime free' options or fee waivers for spending thresholds.
• Understand the Annual Percentage Rate (APR) and choose a card with a lower interest rate to mitigate costs if you can't pay the full bill.
• Select a card with reward points or cashback aligned with your spending habits (e.g., online shopping, travel, fuel) and know how to redeem them.
• Be aware of hidden charges like late payment, over-limit, and foreign transaction fees by thoroughly reading the terms and conditions.

Why It Matters: Carefully evaluate eligibility, fees, interest rates, rewards, and hidden charges before getting your first credit card.