Is having a credit card really worth it?

I am a college student and I am trying to pay for school. I always though my life would be easiier with a credit card, but I was just wondering if it is really worth it to own one? My friends and family keep telling me it is a bad idea. I want another opinion. If I know how to use it, then I would be able to decide for myself. How do they work, and will it ruin my credit or put me in debt? Also is there any way that I can put a limit on the card to keep me from spending too much money on things I don%26#039;t need?

Is having a credit card really worth it?

No its not worth it.

All they are good for is getting into debt.

Sure you could pay it off every month and build you credit score. All a high credit score is good for is borrowing more money.

What happens when you forget to send in your payment on time and you get hit with a $40 late fee for playing the game and losing? It will happen. Nobody is perfect.

Or you get in over your head and can%26#039;t make the payments and are hit with $40 late fee and a $40 over the limit fee and interest?

If you pay as you go.

If you live on less money than you make. You will not have to obsess with the fico. You will have money.

The only time you might have to borrow money is for a home. You can do that without a fico score. It%26#039;s called manual underwriting. It%26#039;s not a sub prime loan. It%26#039;s the way home loans were givin%26#039; before all the fico score worship. You can get the lowest interest rates available.

Save for a good cash car. New cars are a rip off. They lose value and you lose money as soon as you drive off the lot. It keeps losing value year after year.

Take the money you save from not having a car payment and paying lots of interest and put it in the bank for an emergency fund. That way you don%26#039;t have to go into debt when you have an emergency.

Of course the bankers, credit card people, car financiers and, their loyal followers are gonna go tell you its best to borrow, borrow, borrow,

Debt free is the way to be!

Is having a credit card really worth it?

not relly in the long run you end up paying more for the things you purchase i guess if you have a high paying job where you can pay off the card like nothing then its worth it but you just end up paying more it sucks

Is having a credit card really worth it?

It%26#039;s very easy to get in trouble with debt when you get a credit card in college. Most students are pinching pennies and the credit card seems like an easy way to get what they want/need. Unfortunately, that starts a hole of debt that can be hard to climb out of later.

Yes, it%26#039;s important to start a credit record that will help you, in future, to get needed loans, etc. If you get a credit card, you need to keep a few factors in mind.

#1 It%26#039;s money. Do not spend more just because you have the credit card.

#2 Pay off the balance every month.

If you don%26#039;t spend any more with a credit card than you would without then #2 shouldn%26#039;t be a problem.

#3 It%26#039;s good to have in case of emergency.

Yes, there are times in life when you may need more cash than you have on hand, even if it puts you into some debt (you can%26#039;t pay back that month), but those should be exceptions... in case of emergency. Your car breaks down when you%26#039;re on a trip.. you have to have emergency dental work, that sort of thing. You never want to be stranded without what you need for the basics of life in any particular situation.

If the credit card company gives you too high of a credit line, you can call them and ask them to lower it.

Be very careful when selecting a card. Go online and find the best deal you can. I%26#039;ve found that citibank, capital one and chase often offer some pretty good cards.

Is having a credit card really worth it?

Yes, you can get a card with a set limit. If you pay your bill on time you will build good credit - always a plus. However; it is very easy to go into debt. When you make a purchase you must pay for the purchase PLUS whatever interest they tack on. For college students, the interest is almost always disgustingly high. Why do you think life would be easier with a c.c.? If it%26#039;s because you need one to shop on line, get a video card, etc.; think about getting a debit/check card with a mastercard/visa logo. They are accepted in the same places and you can%26#039;t go into debt with one.

Is having a credit card really worth it?

Its fine as long as you use it responsibly. A credit card is nothing more than an unsecured credit account that you can use for purchases. Where many people go astray, especially young people, is that they fail to restrain their spending and wind up deep in debt. Never charge more than you can pay off at the next monthly billing.

Is having a credit card really worth it?

I%26#039;ve got into bad debt twice, through credit cards %26amp; loans (which I took out to pay my credit cards off). I would steer well clear of them if I were you. I wish I%26#039;d never had them at all. I%26#039;m 45...the debt you run up on them stays with you many years.

Is having a credit card really worth it?

i am a college student also, and i find that a credit card is sometimes neccesarry for me to be able to pay for everything (books, food, clothes, going to the doctor) when im short on cash. i ALWAYS pay more the the min. and i only have 1 card that is intrest free for a year. my min every month is about 15 dollars (but they charge me 15 dollars a month) and my limit is about $700 so i do not get into too much debt. but if i didn%26#039;t have it then i woulnd%26#039;t have gotten my books on time and might have went hungry a few days.

getting a credit card now is not a bad idea, as long as you are a responsible person and knows when to stop spending. if you get a card now, it will start your credit history so as long as you pay on time your credit score will go up so later in life when your trying to buy a house or a car you will get a better loan with a lower interest rate. also, a credit card will help if you have an emergency but your broke and you dont get your pay check for another week.

people who tell you not to get one probably have terrible credit because they had like 5 credit cards all maxed out at one time and had to file bankrupcy, or they were just not responsible enough to control how much mony they spend.

as long as you are mature enough to realize that you have to pay back everything you use your card on, plus interest then you will do find.

http://www.creditcards.com/college-stude...

that site has different credit cards. i suggest that you only get 1 credit card, and try to find one that does not have a fee attached to it. one with no interest for a year or a very low interest rate for a few years (under 10%) will be great.

just remember not to sign up for too many cards, make sure that you can pay for what your buying, and whatever you do always pay more than the minium rate.

Is having a credit card really worth it?

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a credit card is meant to get you in debt and keep you there, so its probably better for you to just have a debit card or a prepaid credit card....

Is having a credit card really worth it?

You will need to have a credit card in order to get airline tickets, a rental car, and a guarantee hotel room at your destination. It is very difficult to get these three things from your kitchen table when you do not have a credit card.

Is having a credit card really worth it?

If you have the willpower to use a credit card responsibly, it is a good idea to get a credit card to start building credit. Just remember to never use your credit card for things that you can%26#039;t afford to pay off the next month. Here is a great website to compare student credit card offers: http://www.collegestudentcreditcards.net