When should I get a
? Do I really need one? Where should I get one? You’ve got questions. We’ve got all the answers.
Gen Z and Millennials: we’re looking at you. Time is going by so quickly and suddenly you’re working nine-to-five, you’re paying bills, you’re making money, and you’re cut off from the comfort of your parents’ income. In this transition time, it is so important that you start building your own credit.
Why get a credit card?
In the future, things like a house and car will likely be way out of budget for you to make a one-time payment. (It’s not just you, it’s everyone.) So you’ll have to borrow money to make those purchases. In order to be approved for a mortgage or car loan, the bank wants some assurance that we can trust you to pay it back over time. Establishing a credit card account and using it responsibly helps with that.
When should you open a credit card? How do you know if you are ready? Which credit card is the best?