Getting your first credit card is a big step and can feel like a huge move into adulthood. You are able to sign up for your first credit card when you turn 18 years old, however, it is very important to make sure that you are financially responsible before taking the plunge. Before getting your first credit card, there are some things that you should keep in mind to ensure that you are totally ready. Here are a few tips regarding your first credit card to ensure that you are building excellent credit:

• Interest is avoidable. When people think of credit cards, they think of interest. It is vital to remember that the expense of interest is totally and completely avoidable. Make sure that each month you are only charging what you can afford to pay off in full. As long as you are spending within your means, you will never have an interest charge.
• Always pay more than the minimum. Sometimes it is not possible to pay a bill in full, and this is totally fine (and relatable!) If you are not able to fully pay the bill off, make sure that you are still paying above the minimum payment if you are able to. Think of paying the minimum amount of your bill as treading water – you are not actually getting closer to paying off debt and you are only paying what you need to get by. This is one of the easiest ways to rack up debt which can quickly make you feel like you are drowning.
• Credit card debt can destroy your credit. When you are young and have your first credit card, it can feel like a fun, new adventure. If you do not pace yourself with your spending, you run the risk of destroying your credit. Not only is it important to try and pay your bill off in full each month, but also make sure that you are avoiding late payments and maxing out your card.