In order to play the credit game, you have to sign up for things you don’t need.
Don’t misunderstand. I’m not suggesting you buy stuff you don’t need. I’ll give you an example.
I recently went on Credit Karma and used their credit score simulation tool. After trying some different suggestions, my score didn’t really improve. I was about to give up on this tool but I tried one more. I tried its suggestion of adding a credit card to the mix of credit history I have. When I did the score shot up significantly. So I thought “what the heck” and applied for a credit card and got an incredibly high limit.
This is not to brag but rather to share that even though I wanted a small amount of credit card credit to improve my score, the credit card company gave me 3 times what I asked for. Honestly its quite ridiculous how much credit card companies want you to have. Anyway, I got this card and checked my credit score a month later. It shot up 70 points!
Again this is not to brag, but rather share that things you may not think are important are important in the credit game. By using that simulator you can help yourself save significant amount of money on things like car, home or even student loans. I have had credit cards in the past, but apparently the credit system likes people to have stupid limits on cards so that they can tempt them into buying.
I am not buying anything with that card. I will use it, but I always pay it off each month. You can use credit cards responsibility and not fall into the trap of paying years on balances. I know how frustrating it can be to watch friends feel crushed under their credit card debt. It is a good feeling to not feel that pressure of owing anyone money. It is far better than the feeling anything you own ever was.