{Yesterday| The other day} afternoon, a {friend| buddy| pal| good friend} asked me if I {thought| believed} he {should| ought to| must| needs to} {open up| open} a {credit card| charge card}. Unsurprisingly, I get asked this {question| concern} all {too much| excessive}. {At some point| Eventually| At some time}, every {college student| university student} {has to| needs to} {decide| choose} if a {credit card| charge card} is right for their {financial| monetary} life.

As a {college student| university student} myself, I {happen| occur| take place} to be a {big| huge} fan of {credit cards| charge card} for a {wide variety| wide range| wide array| variety} of {reasons| factors}. They're a {great| fantastic| terrific| excellent} {vehicle| car| automobile| lorry} for {learning| discovering| finding out} {financial| monetary} {responsibility| obligation| duty} and {developing| establishing} {good| great| excellent} {spending| costs} {habits| practices| routines}.

instead of {giving that| considering that} {friend| buddy| pal| good friend} a yes or no answer to this {question| concern}, here are the {five| 5} {reasons| factors} I {gave| provided| offered} him {as to| regarding} why a {credit card| charge card} is {smart| wise| clever}.

{Tip| Suggestion| Idea| Pointer}: Birch can {show| reveal} you which cards {make sense| make good sense} for your {spending| costs} and {earn| make} you the most {rewards| benefits}.

5 {benefits| advantages} to having a {credit card| charge card} in college:
{Build| Develop| Construct} credit early
4 years in college is {plenty of| lots of| a lot of} time to {build| develop| construct} a {credit history| credit rating| credit report}, {however| nevertheless}, it's {crucial| essential| important| vital} to {maintain| preserve| keep} a {positive| favorable} credit file. {Just| Simply} having a {credit card| charge card} {simply| just| merely} isn't enough for {landlords| property owners| property managers| proprietors}, loans, {mortgages| home loans| home mortgages} and {apartment| house| apartment or condo| home} {rentals| leasings} to {approve| authorize} your file. {Showing| Revealing} {positive| favorable} {credit history| credit rating| credit report} {over time| in time| gradually| with time} by paying balances off {regularly| routinely| frequently} can {establish| develop} you as a {responsible| accountable} {applicant| candidate}. {Once| When| As soon as} {graduated| finished} and in the {real world| real life}, it can be {virtually| practically| essentially} {impossible| difficult} to open a {line of credit| credit line} for a {new| brand-new} {car| vehicle| automobile| cars and truck} or {house| home} {or even| and even| or perhaps} get {approved| authorized} for an {apartment| house| apartment or condo| home} without a {credit history| credit rating| credit report} or co-signer. Hi {mom| mother| mommy| mama}!

{Learn| Discover| Find out} to {spend| invest} {smart| wise| clever} and {budget| budget plan| spending plan} right
{Once| When| As soon as} you have a {line of credit| credit line}, it's all too {easy| simple} to {spend| invest} recklessly and bite off more than you can chew. Treat your {credit card| charge card} like {cash| money}, and by tracking your {spending| costs} and monitoring your {outstanding debt| arrearage} you can {easily| quickly} {develop| establish} {great| fantastic| terrific| excellent} {financial| monetary} {habits| practices| routines}. Birch is {actually| in fact} {really| truly} {good at| proficient at} doing this for you and will {show| reveal} you {exactly| precisely} where you {spend| invest} and what you {spend on| invest in}. {Learning| Knowing} these {habits| practices| routines} early can make you {much better| far better| better} at budgeting {money| cash| loan} in the future.

{Prepare for| Get ready for} the {unexpected| unforeseen| unanticipated}
{College students| University student} {don't| do not} {always| constantly} have access to {cash| money} when an {accident| mishap} {occurs| happens| takes place}. Medical {emergencies| emergency situations}, {car| vehicle| automobile| cars and truck} {troubles| difficulties| problems} or other {unexpected| unforeseen| unanticipated} {bills| expenses| costs} can {debilitate| incapacitate| disable| cripple} a {student| trainee}'s reserves. Having access to a {credit line| line of credit| credit limit} can {help| assist} prepare you for when {accidents| mishaps} {occur| happen| take place}.

Have the urge to {travel| take a trip}?
{Traveling| Taking a trip} to the {game| video game} next weekend or to Miami for Spring Break? You {probably| most likely} {need| require} to {book| reserve| schedule} a hotel and {rent| lease} a rental {car| vehicle| automobile| cars and truck}. {Most| Many| A lot of| The majority of}, if not all, hotels and {car| vehicle| automobile| cars and truck} {rentals| leasings} will {require| need} a {form| type| kind} of pre-authorization. Although you{'re able to|  have the ability to} put pre-authorizations on debit cards, your funds will get {tied up| bound} and {sometimes| in some cases| often} {won't| will not} become liquid for 10-14 days after the holds are {released| launched}. In addition to that, {credit cards| charge card} {offer| provide| use} {many different| various| several} travel {benefits| advantages} that debit cards {don't| do not}, from {trip| journey} {insurance| insurance coverage} to concierge service.

{Earn| Make} {rewards| benefits} on your {spending| costs}
Listen, I {know| understand} what you're {thinking| believing}. "I {don't| do not} {spend| invest} enough to {earn| make} {enough| sufficient| adequate} {rewards| benefits}." I {thought| believed} the {same| exact same| very same} thing. {But| However} even $50-$100 a year is more than you're {currently| presently} getting on your debit cards. Let's {say| state} {every month| monthly| each month| on a monthly basis} you {spend| invest} $125 on groceries, $100 on {going out| heading out} and $75 on dining, you can {easily| quickly} {earn| make} $108 each year in {cash| money} back rewards with no effort! Include your {car| vehicle| automobile| cars and truck} {insurance| insurance coverage}, {impulsive| spontaneous} shopping, and Amazon purchases, your {spending| costs} can {easily| quickly} {earn| make} you $150-$200 a year, enough to {pay for| spend for} that Spring Break flight.

If you {want to| wish to} {cash in on| capitalize} more {lucrative| profitable| rewarding| financially rewarding} {rewards| benefits} with more premium cards in the future, it's {best| finest} to {start| begin} now.