Do I really need a credit card?
If you are able to pay for all your needs with cash, check or debit card, do you really need one? It important to analyze your financial situation without a credit card.
What will I use the credit card for?
Avoid using a credit card to finance your college education and living expenses. Do not use it to purchase that “something” you have always wanted, especially if you are not willing to pay cash for it. Using a credit card for these types of expenses is a good way to quickly and unknowingly build up credit card debt.
How much credit do I need?
Having a large credit limit is an easy way to build credit card debt quickly. Consider starting out with a low credit limit and always make sure that your income is sufficient to pay off the debt that you incur.
How I am I going to pay the bill?
Aim to pay off the credit card balance every month. If all you can pay is the minimum payment every month, it can take years to pay off that debt and cost you hundreds of dollars in interest.