Should I get a Credit Card to build up my credit score?

Your friend's suggestion to get a credit card to build up your credit score is valid, as having a good credit score can be beneficial when applying for loans in the future, such as for a BTO (Build-To-Order) flat. However, I would caution against getting a credit card if you feel you may have difficulty controlling your spending. Credit card debt can quickly accumulate and negatively impact your financial well-being if not managed responsibly.
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Here are a few suggestions that may help you in this situation:

• Consider getting a debit card instead of a credit card. A debit card allows you to make purchases using your own money, without the risk of accumulating debt.

• If you do decide to get a credit card, start with a low limit and try to use it only for necessary expenses that you can pay off in full each month. This will help build your credit score without the risk of overspending.

• Develop better spending habits. This may involve creating a budget, tracking your expenses with an app, and learning to control impulse purchases.

• Explore other ways to build your credit score, such as becoming an authorized user on someone else's credit card or taking out a small loan and making timely payments.

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