First Credit Card

First Credit Card

Hi everyone, Background: I'm an almost-20-year-old university student living in Ontario, Canada. Despite how that sounds, I have surprisingly little debt - I've finished 2 years of school, and only owe about $6500 in OSAP, which is a special loan in Ontario for post-secondary school, that doesn't accumulate interest until you graduate. I have about $4000 to my name, plus RESPs and a job. My parents/the RESP pay my rent, the aforementioned OSAP pays my tuition, so I'm only responsible for groceries, utilities, textbooks, and whatever else I choose to buy. So my financial situation is quite comfortable right now. I'm looking to get my first credit card. I have one right now, but the account is joint with my mother - like the numbers on the cards are exactly the same, but mine obviously has my name on it. I like the security of a credit card - knowing that should something disastrous happen, I can get myself out of the situation and worry about paying it later. I don't ever plan on carrying a balance on it, I just want to use it and then pay it off immediately to work towards beefing up my credit score. So, a couple of questions: Is the joint card with my mom helping my credit score at all? She would be the "main" person on the account, if such a thing even exists. Do I need to carry a balance on the card for it to help my credit score? Or does paying everything off immediately still influence it? What sort of cards are student-friendly? I tried applying online for another with the same company as the one I have, and was rejected... probably because I don't have a full-time income and such. Is there some sort of "complete n00b's guide to credit cards" site I can check out? Something that explains things in plain English and doesn't overwhelm with fancy financial terms? What's a "good" interest rate right now? I don't plan on carrying a balance, but you never know what life will throw at you. Any other advice? Do you think I'd have better luck if I went to a bank and applied in person, rather than applying online? Thanks in advance everyone!
In need of some meal ideas

In need of some meal ideas

Hello All!

Hello All!

hi!

hi!

Loooove this community!

Loooove this community!

Golden Acre Park, Leeds, UK

Golden Acre Park, Leeds, UK

C’est fini

C’est fini