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credit cards are great for building credit, which is useful for other things, like buying a house
by jamiequint 19y ago
credit cards are great for building credit, which is useful for other things, like buying a house
- geebee 19y agoyeah, provided you pay it off. My brother called me while he was in college and asked if he should get a credit card. I told him "if you can charge $20 a month to it, and pay it off every month on time, then yes, get one. If you can't, don't". He was nervous about his organizational ability, and decided not to get one. Four years later, he had a tough time getting an apartment in SF because he had no credit. It's stupid, and credit card companies definitely target college students knowing that many of them will end up paying severe penalties and interest charges. But the thing is, they'll give you a credit card because you're a college student without the same credit history they'd want to see after college. So if you have the discipline to charge very small amounts and always pay it off on time, it is wise to get one.