You will find that a lot of people are against credit cards. How come? Simply because they either have racked up so much debt on them and they don’t know how to get out, or because they are afraid of racking up too much debt. Yes, it is totally possible to rack up a lot of debt with a credit card, but if you know the rules of using one beforehand and use it wisely, you will never have to worry about this scenario.

It is actually important that you do get a first time credit card once you are 18. There are many reasons to get a credit card as a young adult, and here are a few reasons why.

Build credit – If you ever plan on getting a house or a loan for something like a car, it is important that you get a credit card. How come? Because you will eventually need to have some kind of a credit score. Credit scores determine how well you are with your money, if you have any debt, if banks can trust you or not and if you’re good at paying off your credit cards.

They will also be able to tell if you pay your credit cards on time, if you’ve ever paid late, etc. This is important to them because they’re about to lend you a big sum of money, and if they can’t trust you, they’re not going to want to risk giving you money for a loan. So, a credit score is a must and can really tell a lot about how you are with your money.

Responsibility – Credit cards can teach you a lot of responsibility. It is important that you learn credit cards aren’t free money at a young age. Also, it will help you stay within your means, discipline you to use it only when you need it and it can teach you what paying bills is like in your future.

I think it’s a good thing to get a credit card because the more responsible you are with your money, the more responsible you are with your life. A credit card is a great way to teach you discipline!

Emergency – There always comes that time when we’re short on cash and don’t have much on our debit card. When this happens, you will have a credit card to help save you. These can be used in an emergency and can really be of help to you. Whether your car had a flat tire, you didn’t have any money to fill up for gas, or you had to pay for an insurance bill, a credit card can help save you until you come up with that money.

Credit cards can be very rewarding and beneficial, although only if you use them properly. Stay disciplined, know your credit limit, pay off your balance in full each month to avoid interest rates and always make sure you pay on time. Building a great credit score should be your number one goal!

Author Bio: Find the best Student Credit Card Offers as well as more of my work at FindCollegeCards.com.

Category: Finances
Keywords: credit cards, reasons for a credit card, student credit card, first time credit card