Hey guys,

I'm fresh out of university and fresh into a white collar job. Financially, I'm in a good state; I track my spending and I budget all of my money. I save up money to use for investing and to use for things that I enjoy. I live well within my means and I have an emergency fund prepared.

I attended a crash course recently aimed towards first time home buyers (don't worry, I don't plan on buying one anytime soon). One of the speakers mentioned that having a good credit rating can greatly help with your bargaining power with the bank. He then suggested that we get a credit card to start building our credit rating from now. I'll find something with little to no annual fees (or one with low requirements to waive the fee), avoid all the late payment interest and use it entirely just to build credit. I am aware that having a credit card does not give me free money, it's simply an alternate way of using money I already have.

Is this a good idea or a bad idea?