List at least two pros and two cons for getting a credit card at age 18

1) List at least two pros and two cons for getting a credit card at age 18? What age did you get a credit card; share more about your experience? If you do not have a credit card, explain why not.

* 350 word minimum for discussion posts

Don't use plagiarized sources. Get Your Custom Essay on
List at least two pros and two cons for getting a credit card at age 18
Just from $13/Page
Order Essay

2) 50 word minimum for reply for the following post:

There are many advantages and disadvantages to getting a credit card at the age of 18. In my opinion, if we are not aware and cautious of the terms to our credit cards, these advantages can lead to disadvantages. For example, many people would want a credit card as an emergency plan or the idea of being able to spend without actually having to pay in the moment. However, if we don’t accurately calculate our spendings, or go over what we are able to cover, we can go into debt and the interest rates will increase. Another reason I think that advantages can lead to disadvantages is the ability to building credit early on. However, our credit can be easily affected if we miss or have a delayed payment, open too many cards that aren’t actually approved, or going over limits.

I think that most students don’t actually receive enough education and/or knowledge on financing and building credits so they think that having credit cards early on is the best way to go. Another thing that I’ve noticed is that often times, people are influenced- maybe someone heard that their friend applied for a credit card and they got approved for a certain amount, and recently they’ve been buying so many new things.

I got my first credit card at age 19, when I started working full-time because I well more knowledgeable on credit cards and my job could help me make my payments on time. I am very well aware of my spending and limits. I always estimate how much my upcoming paycheck would be, prioritize my credit card payments first and then put money into savings. In my opinion, I would rather put less into my savings per paycheck than have my interest rate take most of my paycheck if I made a late payment.

In addition to this, my parents are constantly reminding me to check my spending and limits- which I know isn’t always the case for everyone to have someone reminding them. I think that having trackers and understanding how your credit cards work is the biggest step, especially if you are opening one at a young age.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Live Chat+1(978) 822-0999EmailWhatsApp