Hi everyone. I am deciding if there is any benefit to opening a credit card at my stage. Currently I use a Debit card which I like because no payments. Do I need to open a credit card to "build credit"? Right now I would be able to pay it off fully as I am single living at home. Hoping to move to Eretz Yisrael or within the Tri-state area and pay rent within the next few year or two.

Moving to E"Y like making aliyah?

Yes, but I don't plan on making aliyah until I am there a few years.

I wouldn't necessarily start using a credit card to "build credit" since that won't transfer well, but if you get started using YNAB so you turn your creidt cards into essentially debit cards so you don't overspend, I don't see why you shouldn't get credit cards now so you can invest the cash back you get.

Thanks, I will look into it.

besides cashback which is a nice benefit of credit cards there is also the security knowledge that in case of theft your money is safe

Yes, get a credit card, pay off in full monthly and get one without annual fee. Who knows where you will be in a few years… life changes.