As the title says. I'm looking forward on getting a credit card but my parent's are scared that I might be burdened by credit card debt. They told me to only get one when I'm ready to find my own home. But with that logic, without any credit score, how am I supposed to get a house of my own and let alone a brand new car as well in the future when I don't have a line of credit?
From my knowledge of credit card use. The money you spend on said card is not your's but the bank's. After using said money, you pay it off. Better if early. And I also know there are interest rates along with it. And you earn your credit score from that. Please correct me if I'm wrong. My only plan for the credit card anyways is to start low. Pay off phone bills. Once I'm comfortable enough, maybe some groceries, and then car payment and so on.
I'm planning on getting one behind their back. Since their logic about only getting a credit card when deciding to get a home of my own is pretty stupid and inefficient on building a credit score. I do understand their concerns about credit debt. But I'm already this old and I don't have any line of credit. Is this a good idea of mine? I really don't want to have any argument with them if they ever find out since we had this conversation before but they genuinely don't want me to get one and start building. But I also don't want to waste my time waiting on deciding on only building one when deciding on moving out.
I'm 23 and still live with parent's. I want to get a credit card to start building my credit score but parent's don't want to.
byu/FluffyLandscape266 inCreditCards
Posted by FluffyLandscape266
7 Comments
You’re an adult. You have a good understanding of how credit works. It’s not about getting “free money” but rather about proving to financial institutions that you can be trusted to borrow money and pay it back. Building credit takes time, and you are smart to start now. If I were in your position, I would also open a card behind their backs and use it responsibly.
You’re 23 years old. It’s time to stop letting your parents influence your decisions
I mean you’re 23. They really don’t have too much say in what you do in your adult life. Yeah you live in their house but you do need to have a credit score for almost anything now a days. Even just to rent an apartment somewhere.
Being that you would be starting with a credit card for the first time. 100% just get 1, I’d recommend maybe a secured credit card from like US bank or one of the other big names you see around the sub Reddit. And start small like you’ve been saying. You honestly could even just get gas on it once a month, pay it off, and boom you’re credit building. Maybe even explaining that to them might help if literally all you do it in is put some gas it in and immediately pay it off once it posts that way they can see you’ll be responsible and you can slowly start building your credit
Just get a good beginner card. Check this sub or YouTube for something like this: https://youtu.be/OBtnIQCfINM
Do you have a job? Do you need your parents’ support to pay a credit card bill? If you get one, it’s going to come to your parents’ home in the mail. Don’t start your experience with credit by going behind your parents’ back. If you’re a hard-working, capable adult then tell your parents what you’re doing and why. Or will they kick you out if you don’t do what you’re told? So much to this situation we don’t know. Don’t know how people here can just tell you to get a card and sneak around to do it.
Who cares what your parents think.
Your parents (no apostrophe) think that getting a credit card automatically means you’ll overspend and get yourself deep into debt. Get a card and prove them wrong. It takes discipline and planning, but if done correctly, will give you some good benefits.