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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.


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