Most students will need a credit card to purchase textbooks, supplies, rent or something for their schooling. So yes, they should have one. However the maximums on the cards should be something around $500 to ensure they can be managed and not something taken for granted that builds up with student debt.
My opinion is no, college kids do not need credit cards. I do not think young adults need credit cards until they have a job and can pay the bill. A debit card works fine with an allowance while they are still students.
I didn't have a credit card until after college and during college I used a debit card for grocery money and such. I don't see a reason why a mature college student shouldn't have a credit card. They just need to treat it as debit and never charge more than they will pay off that month. As long as you are committed to staying out of debt, credit cards are just a useful tool.
I think yes; depending on the kid and their maturity level. If the parents can find a card that has a low limit (and won't automatically increase it), it could be a good learning experience. At some point, they are going to get a card on their own anyway. I would be concerned about handing over a card to a 18-year old without some kind of limit on it. The temptation would be too great.
Yes, if your college student is independent and responsible with money than they should have a credit card. They should try getting one w/ no more than a $500 limit until they graduate so they aren't overwhelmed with so much debt so fast on-top of student loans.
If mom and dad are footing the bill for everything absolutely not. The best financial mistakes for people to make are on their own so they can be held accountable for their own financial mistakes. Its not right for mom and dad to have bill collector calls for debts that aren't there's!
I like these ideas. I do freeze my herbs in ice cube trays with water so I have them available all your long. Just have to pop one out and add to your dish.
I love homemade deodorant. I even saved my old stuck deodorant containers, poured mine in and keep it in the fridge so I can swipe it on like the store bought stuff. unfortunately I find it just doesn't cut it in our south Texas heat and humidity of 100+ degrees. Come fall again, I'll switch back.
That's kind of a silly question since there are people of all ages and life stages who are college students. For instance, I'm a college student, but I also work full-time and pay all of my bills. I have classmates in their 30s and 40s with kids. So yes, I think there are college students who should have credit cards. I'd be more inclined to look at the person's level of personal responsibility, employment, income, etc. in order to differentiate between who should and shouldn't have a credit card. No one should have a credit card if he or she is just going to treat it like free money.
I work at a bank and have this discussion all the time. I feel that responsible students should most definitely have a credit card. Being hours away from their parents makes it difficult to get them money at times and you jus never know when you might need an emergency car repair. It is also good to have the established credit history as it may help them avoid deposits on utilities once they get out on their own.
I think weather in collage or not has no bearing on weather someone should or should not have a credit card! It all depends on the discipline and how mature that person is! My son has had his own personal credit card since he was 10 (checking account at 5) (he is now 18)! He understands exactly how it works and chooses not to carry a balance because he does not want to pay any interest. He has never had any problems with any of his accounts, because he revived the proper education about them before they where opened!
For the most part I don't feel like college students should have credit cards. At least not in their first two years. Once they have been in school for a couple years and there is a need for a credit card, then it can be ok. This way they have had some time to adjust to being on their own and hopefully have a better undestanding of how to handle their money.
Too many times college students get a credit card and in a short amont of time build up debt and start to have credit issues.
No. At that age they often are in debt enough. Better to use cash.
Most students will need a credit card to purchase textbooks, supplies, rent or something for their schooling. So yes, they should have one. However the maximums on the cards should be something around $500 to ensure they can be managed and not something taken for granted that builds up with student debt.
My opinion is no, college kids do not need credit cards. I do not think young adults need credit cards until they have a job and can pay the bill. A debit card works fine with an allowance while they are still students.
I didn't have a credit card until after college and during college I used a debit card for grocery money and such. I don't see a reason why a mature college student shouldn't have a credit card. They just need to treat it as debit and never charge more than they will pay off that month. As long as you are committed to staying out of debt, credit cards are just a useful tool.
I think yes; depending on the kid and their maturity level. If the parents can find a card that has a low limit (and won't automatically increase it), it could be a good learning experience. At some point, they are going to get a card on their own anyway. I would be concerned about handing over a card to a 18-year old without some kind of limit on it. The temptation would be too great.
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I think they should have a credit card with a credit limit amount of no more than $200 to teach them financial responsibility.
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Yes, if your college student is independent and responsible with money than they should have a credit card. They should try getting one w/ no more than a $500 limit until they graduate so they aren't overwhelmed with so much debt so fast on-top of student loans.
If mom and dad are footing the bill for everything absolutely not. The best financial mistakes for people to make are on their own so they can be held accountable for their own financial mistakes. Its not right for mom and dad to have bill collector calls for debts that aren't there's!
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Yes, they should, but it should be limited in value, and if tied to parents' account, monitored closely.
I like these ideas. I do freeze my herbs in ice cube trays with water so I have them available all your long. Just have to pop one out and add to your dish.
I love homemade deodorant. I even saved my old stuck deodorant containers, poured mine in and keep it in the fridge so I can swipe it on like the store bought stuff. unfortunately I find it just doesn't cut it in our south Texas heat and humidity of 100+ degrees. Come fall again, I'll switch back.
Yes. How are they going to learn how to use responsiblity if they don't start managing early.
The true test would be to see if it works in Arizona. And I'm a little confused on how to apply it.
That's kind of a silly question since there are people of all ages and life stages who are college students. For instance, I'm a college student, but I also work full-time and pay all of my bills. I have classmates in their 30s and 40s with kids. So yes, I think there are college students who should have credit cards. I'd be more inclined to look at the person's level of personal responsibility, employment, income, etc. in order to differentiate between who should and shouldn't have a credit card. No one should have a credit card if he or she is just going to treat it like free money.
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yes - but only to spend in true emergency or if cash is in the bank
I work at a bank and have this discussion all the time. I feel that responsible students should most definitely have a credit card. Being hours away from their parents makes it difficult to get them money at times and you jus never know when you might need an emergency car repair. It is also good to have the established credit history as it may help them avoid deposits on utilities once they get out on their own.
I think weather in collage or not has no bearing on weather someone should or should not have a credit card! It all depends on the discipline and how mature that person is! My son has had his own personal credit card since he was 10 (checking account at 5) (he is now 18)! He understands exactly how it works and chooses not to carry a balance because he does not want to pay any interest. He has never had any problems with any of his accounts, because he revived the proper education about them before they where opened!
For the most part I don't feel like college students should have credit cards. At least not in their first two years. Once they have been in school for a couple years and there is a need for a credit card, then it can be ok. This way they have had some time to adjust to being on their own and hopefully have a better undestanding of how to handle their money.
Too many times college students get a credit card and in a short amont of time build up debt and start to have credit issues.