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