Students + credit card = fiscal responsibility
Although some may say that students and credit cards are a bad combination, credit cards can offer many advantages.
First off, they can teach fiscal responsibility, learning to control spending and limiting purchases to what can be repaid. Another advantage is as a resource for emergencies, students are chronically broke so having a credit card available for use during emergencies can mean the difference between being able to afford a proper meal and a packet of ramen for dinner during a particularly lean period.
Using a credit card wisely is one of the best ways to establish a good credit history; this will be particularly beneficial when you later need to take out a loan or a mortgage. It can also be safer to carry around than cash, if you lose your card, you can just call the credit card company to cancel the card but if you lose cash, your money is gone forever. It is also the simplest and easiest way to make purchases online or book holidays.
Of course no one can advocate going into debt but with proper knowledge and responsibility, having a credit card can offer great autonomy for a young student to transition into a fiscally responsible adult.
Right now there are great benefits being offered when you apply for a Tesco credit card online, they are offering 0 interest credit cards. See the deals that are available with any current new credit card application.
Introductory rates can really be beneficial to a student on a budget. Current offers can mean more spending power without having to worry about huge interest fees and it can be a great tool for learning how to properly manage a credit card with responsible repayments.
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Category: Featured, Student News
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