Credit cards for students?

[fluffysamantha]

While still young, students must enjoy the wonders of credit cards. Do you think credit cards for students are advantageous? What's your opinion? Guys speak your mind!

[Megan]

I think it depends on how well the student manages their finances. I got my first credit card when I was 18 and a freshman in college. And nearly ten years later, I still have never carried a balance on a card. It was a great way for me to build up credit and to learn to manage my finances. I knew that I couldn't spend more than I could pay off every month. I have friends who were just like me, but I also have friends who took the other route and graduated with sizeable credit card balances.

So I think it can be a great thing. Just depends on the person.

[Julie Rains]

I should have gotten a credit card when I was a student but never did. Students can manage money responsibly and if they don't, they can learn quickly. After I graduated, I was with a friend at Sears and we both applied for a cc to get a free plastic pitcher. She, who was unemployed, got a card; I, who had just become employed, got turned down. The difference? She had established credit in college; I hadn't. I think they are good for emergencies if nothing else; I like having a bit of cash and some credit cards everywhere I go.

I still have the pitcher but rarely shop at Sears.