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Thread: CC advice for 23 year-old
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Old May 17, 2011 | 4:34 pm
  #5  
rajuabju
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1) Dont be afraid of hard credit pulls. That said, dont accumulate 500 pulls. But having between 2-6 pulls, per year, is not something to fear.

2) I definitely recommend getting 1 card from each of the 4 majors, ie, 1 Visa, 1 MC, 1 AMEX, 1 Discover (yes, yes, even Discover).

3) Consider joining a credit union

4) Assuming you are not about to purchase a home or car, the more cards you accumulate now, the better. So by the time you're ready for a big ticket purchase, you can show a lengthy credit history on numerous lines. I'd suggest visiting one my favorite websites ever, http://www.freefrequentflyermiles.com and check out a huge list of other annual fee free cards to choose from

5) DONT carry a balance. Ever. Period.
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