themadman wrote in post #12318549
Using your mom's card isn't building you any credit, thats also important. How will you ever be able to get a loan if you have have a awesome credit score?
Just make sure you're smart about what company you choose to have a card with, read the fine print and etc, a lot of the offers you get in the mail are very bad for you, usually offering a low interest rate and rewards at the cost of a high annual fee...honestly i wouldnt get any card with an annual fee period...
Store cards are usually some of the easiest to get with a fairly high credit limit, Best Buy for instance easily forks out $1800 to practically anyone and offers awesome financing...Dell also hands out $3000 limits like candy...Bill Me Later is also a very awesome service since its a line of credit and not a credit card (meaning you can increase your limit easily...and the promotional financing is generally pretty decent)
Also keep in mind that the extra "services" they try to offer you are usually not worth the money they cost, Make sure to say NO to everything the person on the phone offers you, I think the worst I ever had to deal with is Citi when it comes to this (Or Chase, Citi at least took No for an answer after the 50th time...Chase I said no to repeatedly and they did it anyways...I was quite unhappy with that)
Also having a good credit score will make college loans and that more affordable, the loans most students get for college have horrible terms specifically because they have no credit...