I completely respect your decision to do that. Not everyone has the means to pay by cash only and for those of use that can not, credit is a good choice if done correctly and when you need it.
@Anonymous wrote:Well.....it's your credit - to use or not.
I'm teaching my kids to NEVER have a credit card. Cash is king for cars, houses and everything!
If I may ask, how old are you? Today is February 22, and there are new restrictions on persons obtaining a credit card if younger than 21. In particular, you'll need to show proof of income; if you cannot demonstrate an ability to make the payments on your own (because you have 0 income), then a co-signer will be required.
Way back in my youth, it was easier to get a CC than an extension on a term paper. The CCCs were exceptionally loose about what constituted income. In one case, I was asked if I got any disbursements from student loans - why yes, I did! And they used this as "income" to get me qualified for a card. Bizarre, huh? One form of debt was used as income to allow me to run up even more debt. It's analgous to taking a cash advance from a CC and calling that income.
howhow16 wrote:
I am assuming this is when a good credit history taking in place so the lender can see the person has been paying on time for a good number of years...without a job.
In the final analysis, future creditors are not going to look at your past income and payment history to consider your application more favorably. All they will care about is whether you pay your CC on time or not - they won't care about the source of funds.
In my opinion, it is important for everyone to learn the responsible use of credit early in life. It seems that you are doing a good job of it already, managing one credit card wisely already (and finding these forums, of course 
). But I would't necessarily apply for new credit unless you need new credit. You can build a good credit history slowly with the credit card you have now, and when you get that first job after graduation, then you can start fattening your wallet with plastic as needed. Do you have any other tradelines? Student loans, car loans? If so, and if you manage those well, then your credit score will reflect that over time.
@Anonymous wrote:Well.....it's your credit - to use or not.
I'm teaching my kids to NEVER have a credit card. Cash is king for cars, houses and everything!
We are the opposite at our house. We teach our kids to use credit responsibly. Our older children all own homes, except our oldest...the one who makes the most income of all of them. He has figured out that he is much better off financially by renting. None of them have a car loan.
Our youngest...the 17 y/o...is an AU on most of our credit cards. She walks around every day with purchasing power of about $35k. She has never abused this privilege. One time there was a $2.91 charge at Dairy Queen. She had already ordered and then realized she had no cash. Apologized up, down, left, and right for charging on the card. Also, she travels a fair amount, and we live in the upper midwest (blizzards). I want her to have the ability to get herself out of a bad situation if she has to. I'm glad that she has had the experience of having credit cards and very seldomly using them. She's only 17 and has withstood the temptation that having available credit can present.
Most people will use credit in their lives, especially if they buy a home...or, if they get sick and end up in a hospital or ER. Even renting an apartment is a credit agreement. I want them to be able to manage these responsibilities.