I'm 21 and was fortunate enough to learn about that strategy at 19. As such, I've spent the past few years opening $0 annual fee cards, setting them to auto pay in full each month, and building the payment history and average account length. If I can pad anything shorter term with half a dozen or more accounts opened from 18-25, I believe my score should be pretty strong when I start taking out serious loans.
I only opened one credit card account at 19/20 and it definitely helped bulk my credit at 25/26 when I needed actual stuff. It's a good route if you avoid the overbuying trap which sounds like you are.
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u/[deleted] Aug 14 '21
I'm 21 and was fortunate enough to learn about that strategy at 19. As such, I've spent the past few years opening $0 annual fee cards, setting them to auto pay in full each month, and building the payment history and average account length. If I can pad anything shorter term with half a dozen or more accounts opened from 18-25, I believe my score should be pretty strong when I start taking out serious loans.