Why building credit is so important, from mortgage applications to future jobs

Building and maintaining a good credit score (FICO scores 670 and above) is crucial for securing low mortgage rates, qualifying for credit card bonuses, and even landing certain job opportunities. By opening a credit card, paying bills on time, and maintaining a good credit history, you can establish a strong credit profile. Good credit can lead to lower interest rates on loans and credit cards, better financial product terms, increased credit limits, and access to premium credit card benefits. Responsible credit card use, like with the Capital One Platinum Secured card, can help in building credit. Other options include becoming an authorized user on someone else's account or utilizing services that report rental payments to credit bureaus. Paying bills on time, ideally in full, and managing credit responsibly are key to building and maintaining good credit. It's important to start building credit early to enjoy the benefits later in life.