Ask the Experts with Stephen Ciccone
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How important is it for students with no credit history to get a credit card? It’s very important for several reasons. Perhaps most importantly, students can start to establish their credit history through a credit card. This will help them later on when they need loans, for example, an auto loan, mortgage, or another credit card. Other reasons to have credit cards include earning rewards on purchases, having access to money in case of an emergency, and learning to budget and spend within a student’s means.
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