I was thinking about getting a low limit credit card from my credit union (once I have a job) and using that to buy parts for my motorcycle and Triumph and paying it back right away. I want to do this in order to start building a credit history. Anything wrong with this idea.
Nothing wrong with it. My son just applied for a card with a $500 monthly limit. He'll use it to gas up the car ,and nothing else. That allows him to build some credit history for when we finally push him out of the nest !
I used my TV credit card to bolster my credit- bought the TV on credit, got home, called up the CC people and paid it right then and there. Keep it open because then it looks like I have revolving credit in good standing, and it's handy in emergencies when I don't want to tie up all my cash.
Nope. That's exactly what I did when I was young and didn't have any credit.
That's how you are supposed to do it, so good on you. 
The important part is that you pay it off each month. Creating a balance and letting it go month to month will cost you much more $$ in the long run. (ask me how I know) The credit card companies get you with interest rates, and late fees.
Do it, but be cautious.
As long as you pay it off in full every month it's a fine idea. That's an important 'as long as'.
Good idea, just pay it off total every month. Don't get carried away buying everything in sight, maybe limit that card to car n bike parts only.
I did something similar and ended up w/ a 815 credit score back in the day (not sure what it is now). I actually got my first credit card just to buy from Summit Racing.
That's what I did, and my credit rating is gold-plated because of it.
Once he pays it off the first month, ask for a ten-fold increase. Then charge that to the max, make the minimum payments and keep paying of the stuff for a few decades, long after it's worn out and not working.
It's the American way!
I take advantage of 0% interest financing on things whenever I can, just make sure its paid off before the end of the term when it jumps up to ~28% interest.
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