The World of Credit Cards

I was approved for a credit card at the bank today. This is clearly a sign I am Moving Up and Becoming a Real Adult as I’ve only ever had a debit card before. While I don’t have my actual card yet (it takes 2-3 weeks for my card to be sent to me) I do have a credit account now, with a line of credit from my bank and everything. Isn’t that scary?

As a rising college senior, it might seem like I’m a little late to the credit card game. In a way, I am; to my knowledge I have a non-existent credit rating. I’ve never had a credit card, how could I have a credit score? But the truth is, I’ve always been a little terrified of credit cards. Tons of people, especially in my age demographic, have more credit card debt than they know how to deal with. Of course I know the basics of avoiding credit card debt (which all basically boil down to don’t spend money you don’t have) but the fact that the terms “credit card” and “credit card debt” are almost always used in the same sentence in every news report about credit kind of scares me.

I don’t plan on making any flashy purchases with my new credit card, nor do I plan on spending money I don’t have with it, line of credit or no. What I do plan on using it for is to build my credit. Which leads me to an all-important question: anyone have any credit-building tips?

Cross-posted from breakthesky.net. Please leave any comments there.