What my thoughts say about credit card application
And walk on any college campus and you will see the plethora of advertisements and free give aways for student credit cards. Providing your kids with a healthy respect for and responsible spending attitudes regarding credit cards will give them the confidence to manage the allure of spending more than they should. Some parents introduce the concept of credit cards to their children by starting with a debit card. Since a debit card deducts the payment immediately from a bank account, it reinforces the idea that every person is accountable for what they spend. Some parents give their teenagers credit cards with the caveat that all statements be reviewed together each month.