How does a credit card work and why do I need a card to build my credit?
You need to have a good credit rating before others can trust you in terms of getting a loan or renting a place of your own. The credit score says a lot about how one pays. The easiest way to build your credit is to get a secured credit card, use no more than 30% of your limit and paying at least double the minimum payment every month. This is where you deposit a certain amount of money in the bank and freeze that amount for two years while issuing you a credit for that amount. After two years you can get this money provided you have responsively paid for all your transaction on time otherwise they will use their money to pay off the card.