| Students can have credit cards - as long as they | | | | and hand to the cashier. The student must know |
| are able to handle the responsibility that comes | | | | that whenever he pays using his credit card, he is |
| along with it well. How young is too young? There | | | | borrowing money from the bank. What he owed |
| is this scene in "Desperate Housewives" with | | | | must be paid when the statement reaches his |
| Bree's son Andrew spending her credit card on his | | | | doorstep. |
| expenses. Andrew's only in high school and he | | | | Credit cards succeed and flourish in the high |
| doesn't know the value of money yet, so he was | | | | demand of economics because of their interest |
| just shopping away - for him and his friend. | | | | rate. It offers their clients the convenience to just |
| College student credit cards are a different | | | | pay with plastic when the situation calls for it, but |
| discussion. Naturally, when one moves out of the | | | | later on, the advantage to this "simple" move is |
| house, it is expected that he stand on his own | | | | actually a "complex" matter of interest rate. |
| two feet. A majority of college students have | | | | Students with credit cards often shop like there is |
| part time jobs in order for them to maintain their | | | | no tomorrow. But if they take the time to study |
| keep. This is also when they start applying for | | | | their credit card statements, they will learn that |
| credit cards. | | | | they are paying more with credit card than with |
| Mature college students know that in order for | | | | cash. There is an interest and since the bank lent |
| them to make a loan, they must maintain their | | | | them money, they must pay not only for the |
| good credit card history. Continuous over-spending | | | | purchase but also for the interest their credit card |
| and paying the bill late may result to a negative | | | | requires them to. |
| credit card history and these can easily strain their | | | | If a student wishes to have a bright future ahead |
| chances of getting a loan approval. Thus, those | | | | when it comes to financial matters, he must start |
| students who are wise and mature enough to | | | | young. Naturally, when a bank or a lending |
| understand the benefits of having a college credit | | | | corporation evaluate an applicant's credit history, a |
| card do their very best to limit their expenditures. | | | | responsible credit history especially at a young |
| The challenge now is which credit card must a | | | | age is brownie points. This increases the possibility |
| student choose. Because of the demand for | | | | of the student to get a loan approval for his first |
| credit cards, banks know that the best way for | | | | car or even his first home. |
| them to lure possible clients in is to come up with | | | | The reason why parents encourage their children |
| benefits and rewards upon signing up with them. | | | | to have credit cards is there's no knowing what |
| Now, it is advised that students applying for credit | | | | to expect the very minute they gain their |
| cards must always calculate in his head whether | | | | independence. Credit card teaches budgeting and |
| he will gain or lose more with the financial decision | | | | financial awareness for a student. This awareness |
| he will be making. | | | | when done well can easily result to a bright fiscal |
| With a credit card in their wallet that is easily | | | | future. |
| within their reach, it is so easy to just pull it out | | | | |