All good advice here. I can empathize with BSmaster. I never had a credit card until my mid thirties always paid cash for everything. When I tried to get a mortgage for my first house they said you have no credit history. I said but I don't owe anything to anybody. They said doesn't matter you would be in better shape credit wise if you did owe money but had a successful payment history. you might want to think about the overall picture here and your future (hard to do at 20 I know but necessary). It took me over 20 years to save the nearly $50,000 for my boat (taken from retirement deferred compensation separate from my retirement) but I still took out a loan for it and then paid the loan off (small interest payment first) and it boosted my credit rating, and no monthly payments which spread over say 10 years would have at least doubled the original amount . It pays to really think it through.