I have a confession to make: I have never had a credit card. And because I’m someone who writes about money everyday, I kind of feel like a fraud.
In my defense, from the moment I got a debit card at 18, I was taught to only spend what I have—nothing more. Fast forward seven years, and I still practice that. OK, maybe not completely, considering I have student debt. But I don’t spend money that I don’t have on things that people typically put on credit cards and don’t pay off the same month, like food, clothing, plane tickets, etc. If I don’t have money in my checking account to swing going on that weekend getaway or buying those new shoes, I won’t go through with the purchase.
A few months ago, however, I realized I’m at the age where I need to start building credit and because I’ve (hopefully) learned self-control with my spending, I figured it’d be a good time to sign up for a credit card. So I did my research, talked to some experts and then filled out my first application.
A week later I got a letter in the mail from the credit card company I applied to. Denied. I thought there must’ve been a mistake. So I filled out another application with a different bank. Again, I got denied. I tried one more time with the bank where I already have a checking account. And guess what? I got denied again.
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