CampusRd - college credit report, credit score, credit cards and student loans 312.854.7605 / Join Our Network /

Credit Cards Blog

Get the latest news and opinion pieces through our financial industry blog.
Our writers develop articles on financial matters that affect the everyday lives of all our users.
Credit cards and student credit cards
Home > Credit Cards > Blog > OK, so why do I even need a credit card? Credit cards and student credit cards

OK, so why do I even need a credit card?

Wednesday Dec 23, 2009

OK, so why do I even need a credit card? Isn’t it just better if I pay everything with cash and not put something on credit? The economy now suggests so. Not that I really understand much about the economy other than no one has any money, which is all the more reason to not use credit. BUT, I have no money anyway, and the only way I can get the things I need is to use a credit card.

This is the situation for a lot of students out there today. They don’t really understand what a credit card is, the importance of having one, and how important it is to stay on top of their credit. A student credit card is essential to creating good credit when one is out of school. That is, if it is paid consistently and on time. Showing that a credit card is paid on time and in full over time solidifies a good credit score that is essential later in life. Whether you want to rent an apartment, get a loan for a car, or even purchase a new cell phone, it all starts with student credit cards.

I really wish that more parents would sit down with their son or daughter before they head off to college and explain how important their student credit is. By important, I mean not abusing it and understanding the ramifications of putting everything on credit without realizing that it will have to be paid off later. Those students that do not realize this put themselves in a horrible situation, one in which the parents will have to help bail them out of financially if not in other ways. It’s a cycle that doesn’t need to happen.

< Previous Next >


Be the first to add a comment by filling out the form below

Add your comments...


 Required, will not be published

  Comments are moderated and generally will be posted if they are on-topic and not abusive

Verification `s Enter #`s here


Featured Credit Cards

Discover® More® Card

Discover® More® Card

Discover® More® Card - American Flag

Discover® More® Card - American Flag

Credit Cards Blog

Best things to buy with student credit cards
Monday Feb 18, 2013

Finding the right student credit card
Thursday Feb 07, 2013

View all >

Credit Cards Tweets


CampusRd, Credit Rating, Credit Cards, Loans, Credit Score
Call Today (312) 854-7605 
© 2024, a business unit of Uloop, Inc  
Email Address    
Password  (forgot password?)      
Tell a friend about this offer    
A link to this page will be sent to the
"Destination Email Address" below, in accordance
with our privacy policy and terms of use policies
Your Email Address    
Destination Email Address    
Verification #'s Enter #'s here
Forgot your password?    
Email Address