College student need credit card?v
College student need credit card?
My 19 yr old nephew is wanting to get a credit card for
use when he leaves for college in a few weeks
Ive told him its a BAd idea. That they are not only
dangerous financially..... but will also just
"complicate" his life up at a time when he should keep
things simple and enjoy his college life and
experiences.
Do you all agree?
-Its getting harder and harder to get by without a "credit card"
However It need not be a financal issue. Get a debit card. You have a
"credit" look for things that require a credit card and a limit based
on cash on hand so you dont over do the credit line.
- I agree wholeheartedly with Arri's comment. How will
responsible use of a credit card prevent him from doing all of that?
Seems to me that having a credit card would _help_. Try renting a
car, reserving hotels or buying a plane ticket without one and see
how "simple" it is. Sometimes the simplest way is not the best.
College can be a great time for independence and freedom, but it's
also a time to learn how to handle more personal responsibilities.
Avoiding doing the latter doesn't strike me as a good preparation
for adulthood.
- Er...how much time did you think this stuff would take him? I
barely spent 10 minutes per month going over my CC statements, but
then, I didn't abuse it and always paid off the balance in full every
month. It didn't keep me from getting an education, hanging out with
friends, meeting new people, etc.