Carrie has been writing about their experience with “needing” a credit score. Honestly, I believe it is a bit unfortunate that in today’s world people are required (in a sense) to have a credit card. In a way, this makes accruing debt much too easy.
Like Carrie mentioned, I grew up thinking debt and credit cards were not good. After watching Tim and Carrie get established after their marriage however, I began to see first hand that a credit score makes life quite a bit easier.
Because of some of the difficulties Tim and Carrie experienced, my parents began encouraging me to get a credit card now so that I could start building a credit score. My parents suggested getting a Best Buy credit card…but it’s a credit card that can only be used at Best Buy and I don’t shop there frequently.
I heard about getting a credit card through Amazon. I love Amazon! It’s the primary place where I buy my books. Since the Amazon credit card allowed me to get points on all my purchases that I could then redeem for Amazon gift cards, I was excited about that chance. So that is what I did.
Tim and Carrie had trouble finding a credit card company that would give them a credit card…because they didn’t have a credit score! No kidding…that’s what they are trying to get. It’s indeed a strange system that wants you to have a credit score and yet if you don’t have a credit score you can’t get a credit card!
Anyway, I applied for the Amazon credit card online expecting to have some difficulty like Tim and Carrie were having. But I was immediately approved! We think it was because at one point it asked for our total household income…and I was able to include my dad’s income…which incidentally makes up the majority of household income. Because I’m still living at home, I was able to be immediately approved for a credit card. If I had been out on my own, I’m pretty sure I would have run into similar problems as Tim and Carrie.
Of course, with a credit card must come responsible spending habits. I need to keep a balance on my credit card each month in order to be building my credit score. Mom suggested that each month I pay however much in order to maintain a $50 balance on my card each month. I’ve adopted that practice. It helps keep me accountable and keeps me from spending out of control.
~ Melinda ~