New Delhi, Oct. 1 -- For young professionals aspiring to start their first job, the idea of applying for a new credit card can be both lucrative and exciting. Still, due caution must be taken before taking such a step. Concerns related to credit misuse, excessive spending, and crossing credit limits are pressing issues that must be addressed before applying for any new credit card.

Experts suggest that if an aspiring credit card applicant is looking to secure their first credit card, it becomes crucial for them to understand the pros and cons of managing a credit card. A credit card, early on in a career, can actually set the foundation for long-term financial prosperity and growth. The credit card holder can slowly but surely build a po...