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I'm 30, and have no credit cards. My credit history is mostly a blank slate right now, with a small utility bill I hadn't realized I owed money on until I just checked my credit, and a small ambulance bill I am paying (It will be paid off this month). The utility bill is small enough that I can pay that right now, too.
I have about 2k in savings, and just got an Express Credit Card.
The Express card can only be used on their items, and has a small limit. I buy about 300 dollars of clothes a year (2-3 pairs of pants and about 6 shirts) for work, at Express, and plan to keep doing that, and paying off the bill immediately--not carrying a balance at all.
I was thinking I should get a small credit card just to use for groceries--only--because that is a cost that doesn't scale, I always spend the same amount, every month, and it is well within my finances. I am thinking I'll charge all groceries, then pay the bill in full, not carrying a balance.
I started budgeting last year and have had no problem sticking to it, including setting aside a few hundred from every pay check. (I live in a small city, do not own a car, and have very reasonable rent)
Does this sound like a smart plan?
What card should I go for?
Are there any obvious pitfalls I'm missing?
I have no plans to buy a car or make any other purchase which would put me in hock. I've lived car-free for 8 years by choice, so this isn't an issue.
The ambulance bill is being paid by a non-profit which held a fundraiser for me.
Does it build your credit to pay your credit card bill in full each month?