<prompt> Human: Recently I got a job that pays me 13.40 per hour and have high school diploma. I am with RBC, in my bank account I have 263 in my chequing and 538 in saving account. My saving account is pretty much my emergency fund during high school. Since I got a job I want to apply for a credit card and build up my credit for later on in the future. When applying for credit card what should I be looking for? I am on the waiting list for my collagetrade school and not knowing when I go back to school. Should I also apply for another account? Maybe get high saving account or tax free? Sorry if I asked too many questions, I dont know anything when it comes to money.Assistant: As for credit cards, ask your bank to help you with an application. Most likely, youll get one at a high interest rate of 19 with a credit of 500. Make sure theres no annual fees for having this card. Basically, this card allows you to borrow money from the credit card company. If you owe them money at the end of the month, they will charge interest. You dont want that. So heres what youre going to do:Anytime you are thinking of using it, make sure you have the money to pay it back IN FULL. I cant stress this enough. This will mean that you wont be charged for using the card.This will build your credit for the time being. Try not to have a balance money that you owe to the company that carries to the next month. Pay it off on time, every time. Not paying the minimum of you have money owing will hurt your credit. If you have a cell phone, make sure its in your name. Also, if you do end up going to school, student loan OSAP if youre in Ontario will help you. Human: Any reason why I should get a high interest rate and not low? So how does payment works, does it come out of my chequing?  <response>: Banks wont offer you a low interest rate card since you dont have credit history. When you pay every month, you can choose with account to pay with, its kind of like transferring money between accounts at least for RBC. Some banks may offer pre-authorized payments that just take whatever amount you owe from a designated account, but I wouldnt recommend this method unless you will regularly check for credit card fraud. 