Many people are frightened when it comes to the idea of applying for a credit card, but starting to build credit can be the first step toward financial freedom! Some of the wealthiest people in the world who have more money than they know what to do with, use credit/leverage for multiple reasons, but we will focus on everyday people like you and me and look into the many benefits of applying for a credit card.
Getting a credit card can help you begin to establish a credit history and set you up for success later down the line when you will need credit for things like getting a mortgage, leasing a car, etc. Like investing, the longer credit history you have, the better off you'll be for it.
Starting can be a bit intimidating and scary, but the good thing is, most banks won't give you a large credit line which can help mitigate damage. My first credit card was a Discover student credit card which gave me a $500 credit limit. Discover's student card is a great beginner option as they will match whatever cash back you have after the end of your first year, but there are many other options available for first-time applicants. Use this referral code to get a $100 credit statement when you first sign-up. https://refer.discover.com/s/u5mmgx take advantage of this free money
There are other things when it comes to credit, but go apply for that first credit card and take your first step toward financial freedom! The one piece of advice I give to people when it comes to using their credit card is to only use it for things you would normally buy anyways! Groceries, gas, rent (if possible), books for school, etc. By limiting yourself to spending your credit on things you normally would buy anyways, you remove the temptation to buy things you don't need. You will begin to earn cash back on things you would normally be buying anyways while starting your credit journey!
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