I find it interesting that some people either hate credit cards or love credit cards. After all, they’re just a tool to help you buy things more conveniently. Sure, if you spend uncontrollably you’ll go into debt and pay outrageous interest fees, but that’s totally up to the person using the card. For me, these little pieces of plastic with a barcode and signature on the back have totally changed my life.
I’ll always remember the first credit card I received. It was an MBNA MasterCard with the Edmonton Oilers logo on it. I got it at a hockey game when I was 18 because they were giving out a t-shirt and I needed my first card. These days, I would never apply for a credit card that had no reward points and only came with a crappy t-shirt. However, receiving that first credit card at 18 did do something really good for me – the beginning of my credit score history.