Can college students have a credit card

For those youngsters leaving the nest and going out on their, a student credit card is ideal for them. More and more college students are paying with the plastic these days, and more so now than ever it is becoming a trend to not carry any paper money with you. It seems sometimes the more you have the better status you have.

For the most part a student credit card is ideal for those emergencies that tend to pop up at the worst times, like a flat tire in the middle of now where, with no one within a 50 mile radius. Another use for college loans is let’s say you need some books, and the only place you can find them anywhere cheap is online, well without a credit card you would have to be shelling out more, so with the credit card you might even save money. Some credit card companies even offer discounts on school supplies or even travel rewards for those long trips home to do your laundry.

When applying for a student credit card you are indeed taking risk, a risk on your future financial status. You are potentially setting yourself up for payments for the rest of the cards life. You are tied down to make a payment every month whether it is for the full amount or only a partial amount, it must be made. You also take the risk of the APR going up. The majority of credit card holders including college students loans do not pay attention to what they sign or turn in as far as applications go, this gets them into some trouble down the road unfortunately.

source:http://www.ezinearticles.com/?I-Go-To-School-Can-I-Have-A-Credit-Card?&id=460358