Credit Cards Essay Example | Topics and Well Written Essays - 250 words

Credit Cards - Essay Example Being a student credit card can be a very useful first step toward financial independence. It is a way of building the kind of credit that can help secure my loans, housing, even employment in future. I also need immediate communication on my spending without necessarily traveling. A credit card can also be the step number one toward the kind of debt that leads to collection calls and sleepless night. Therefore, I have to make a wise decision to meet the above basic needs and within the shortest time possible. As a student and a young adult, I want to establish a credit history. Therefore, given a chance to make a decision on which credit card type to apply, I will certainly go for a student credit card. This card will allow me as a student to use my time in college to build up credit so that once I graduate I will have a good credit foundation. A student credit card can be from the same institution where I have access; I can check my account anytime. All my financial information is in one place, and payment becomes an easy task of transferring fund between accounts. In addition, just like other credit cards, a student credit card reduces the need for me carrying cash and checks this, therefore, avoids the risk losing it. If I make an unplanned, large purchase, a student credit allows me to buy it at once and settle later. It also gives me the opportunity to spread the cost of a large payment over a long period. It also gives me an opportunity to make purchases abroad without having to worry about local currency.