Everyone should have a Visa card or a Mastercard card. These cards open doors for you. But if you do not have a financial track record, it will be very difficult to obtain one of these cards. Banks and other lending institutions have become much more selective, and are therefore far less willing to extend credit to people.

Visa and Mastercard are accepted in more places than any other card. It is important to possess at least one of these borrowing vehicles. If you already have one, and have been making timely payments, it would be fairly easy to obtain another one. But if you do not have one, or have never had one previously, it can be difficult to obtain one. Lenders are reluctant to extend credit to people who do not have a financial track record.

If you do not have a financial history, you need to establish yours. You can establish yourself in the financial world by obtaining a different type of card. Here are three easiest cards to obtain in order to help you establish a credit history:

Department Store Card

You can easily apply for a department store card. These tools are to be used exclusively for the store that you from. Many department stores offer these types of lending vehicles.

Gas Card

Gas stations are willing to extend credit to individuals as well. Their cards are only good at their gas stations.

Secured Card

A traditional card is readily made available to people who have a financial track record. Secured cards, as the name implies, have a collateral. The borrower deposits cash in advance with the lender as security in the off chance that the borrower does not repay their debts.

These three types of cards will help you to establish a financial history. Provided that you have one or more of these cards, and always pay your bills on time, you will be well on your way to obtaining a Visa or Mastercard.

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