Ask the Readers: Should College Students Have a Credit Card?
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Building credit at a young age is an important part of having a well-rounded financial picture. College students tend to get bombarded with offers from credit card companies offering incentives like free shirts if they sign up for a credit card. While some students can handle the potential risks of credit cards, others may fall into deep debt if they aren't able to properly use their credit card.
Should college students have a credit card? If yes, what are some good rules of thumb for them to follow? If not, at what age should people get their first credit card?
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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.