Breaking Down the Barriers: Why I Finally Got a Credit Card
As a 24-year-old graduate student, I’ve always been hesitant to get a credit card. I thought it was unnecessary, and the risks outweighed the benefits. But, after a series of events, I realized that having a credit card was crucial for my financial future.
Fear of the Unknown
My aversion to credit cards started in high school, where my home economics teacher warned us about the dangers of credit card debt. Her advice stuck with me, and I avoided credit cards altogether. Even when my friends discussed getting credit cards, I agreed with their skepticism. We were a generation that preferred debit cards, and I didn’t see the need for credit.
The Wake-Up Call
However, when I moved into my new apartment, I faced a harsh reality. I had to pay a hefty $300 fee to connect to city water, and I realized that having good credit could have saved me from this expense. Moreover, I needed my dad to cosign my lease because I didn’t have a credit history. It was a wake-up call – my apathetic attitude towards credit was holding me back.
Taking the Leap
I decided to educate myself on credit cards, researching online and reading unbiased sources, including government websites. I looked for a credit card with no annual fee and read the fine print carefully. To my surprise, I was approved for a credit card within three days, and it arrived in a sleek package.
Setting Boundaries
I activated my card, removed myself from the information sharing program, and set up my account to receive statements via email. I also set reminders to ensure I pay my balance in full each month. As a credit card beginner, I’m using my card for everyday purchases, like gas and utility bills, and tracking my expenses in my budgeting app.
Building Credit, Building Options
Getting a credit card has given me peace of mind. I’m building credit, and I have more options for my purchases, especially for bigger transactions or online shopping. When I move again, I’ll be better prepared, and my credit history will speak for itself.
A Newfound Sophistication
I’m not claiming to be a credit expert, but I’ve learned that having a credit card is a responsible decision, especially for young adults like me. By taking control of my credit, I’m taking control of my financial future.
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