The Best Time for Young People to Get a Credit Card



Photo:  seniorliving.org

It may not seem like it, but it is possible go to through life without using a credit card.

That being said, when used responsibly, credit cards offer numerous advantages over other payment methods.

They're convenient, they protect you against fraud and theft, and they offer cash back and other rewards.

They can also help you build the credit history you'll need if you want to borrow money to buy a house or a car.

If you think paying with plastic might be the way to go, I have some points to consider in deciding when to get that first card and why. Read more in my Investopedia article, The Best Time for Young People to Get a Credit Card.

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