When you are getting ready to go to college you need to think of what can happen in the future. There is a chance of an emergency especially if you are going to be living in a dorm room. There are many reasons to have a credit card on hand while in college.
Building a credit score – When you start college you need to learn how to make payments on your bills on time. By making sure that they are paid every time that they are invoiced out you are building your credit score up which will come into use when you need to apply for a loan or try to buy a car. So by having a credit card can help you build your credit history for the future.
Budget – Now that you are away from home you need to learn that there are ways to be responsible. And by making sure that you don’t burn up all your available credit and available cash you are learning to put together a budget for yourself. There is a chance of getting an on-campus job that can help keep your budget in good graces. So find ways to make money while you are at college especially if you have a credit card that needs a minimum payment but to make sure that you don’t over step your boundaries with your credit card. Pay the complete balance so you don’t gain bad debt. By paying it completely off helps you build up your credit even more.
Car troubles – While you are traveling to your community college or university there could be some type of car trouble on the journey if the car has not been serviced. This is why the advice about getting your vehicle serviced at least twice before you leave. The reasons that the car needs to checked is to make sure that everything is in place and the another one for an oil change and tune up. With the weather changes you need to make sure that all the fluids are mixed right for that season. You can use your credit card to get you to the college if you end up with a flat tire or needed to pick up a part to fix you vehicle.
Thief – There is a chance that your supplies, personal items or even your clothing walks out of your dorm room and is never returned. It is a problem that happens a lot when you allow your classmates into your dorm room and they just walk out when you are not watching. When you have a credit card while attending college, it can help with the unexpected problems.
Credit cards can be used for numerous things in college but you need to talk with your parents. From there you need to figure if you are going with one that is refillable and much easier to use because there is no interest. But if there is trust they may allow you to have them co-sign on a credit card for you just for college which would be a student type of account with a lower interest rate.