Having a credit card can be the best or the worst experience you made to start your college career. Credit cards are a serious matter. You must be sure you choose your credit card company correctly. There are many companies that are lenient on their pay back and rates, but if you don’t look into that, it can ruin your credit score tremendously. Sorry, but your credit score is unfortunately important.
Cons:
- Having a credit card can lead to reckless spending.
- If you don’t weigh your options or have the money to make payments, you can slowly fall into debt.
- There will always be another credit card out there that you will get accepted for or get in the mail. It sometimes can be beneficial, but other times it is hard for you to have the money to pay back your cards. Limits usually are not low, too.
- Your credit score will affect your entire life. Whether it would be looking to buy a house, car, or ask for a loan, your high credit score is what decides your major life decisions.
Pros:
- You will always have emergency money.
- You will be able to build your credit score.
- You will get a sense of responsibility to make the payments on time and the right amount.
Having a credit card can really affect your life out of college. If think you are irresponsible to keep track of your spending, get a card and start working it. If you are a big-time spender, I HIGHLY suggest you wait to until you can live without that new style or spend your whole paycheck at once. A credit card affect your life forever. That Gucci handbag…will not.