The Volt Credit Card
At 18, Volt members can qualify for a Visa Rewards Credit Card. It starts with a credit limit up to $1,000 and a low interest rate while letting you build rewards points that never expire.
There are numerous benefits of getting a credit card early in life, such as building credit and learning the difference between credit and debit cards in action.
Here are some tips to keep in mind for using credit cards for beginners:
- Pay your bill before it’s due so you don’t incur interest charges.
- You can use it to cover minor emergencies as long as you make your monthly payments on time if you can’t pay it off in full.
- If you don’t use it correctly, you can get in trouble with your account which isn’t a good way to start your credit foundation.
- A credit card is different from a debit card because you borrow against your balance and have to repay it vs. a debit card which deducts from the cash you have in your account. You want to practice spending using both and experience how they impact your finances.