Joey L asked:


I want to know why is it that as soon as high school graduates go into college or go for a higher education that credit card companies mail them applications to obtain credits cards. I do not know how credit cards fully work I only saw how devastating it can be if not managed properly. Due to my father’s history, I’m hesitant to apply for credit cards when the time comes.

The reason why I’m curious is because there are things that can only be purchased online. In example Gundam models and etc or things on ebay. I admit the main reason why is because I have gotten a spark of interest to buy and collect Gundam models again, but the only area I can buy them now is online.

I know that gift cards can work in the same way as credit cards when online shopping, but I fear that my father might be worried that I will end up going down the same path he did and in the future I would have to declare bankruptcy.

I just want the know things about Credit cards and how to best manage your expenses when having a credit card

Annie

Joey L asked:


I want to know why is it that as soon as high school graduates go into college or go for a higher education that credit card companies mail them applications to obtain credits cards. I do not know how credit cards fully work I only saw how devastating it can be if not managed properly. Due to my father’s history, I’m hesitant to apply for credit cards when the time comes.

The reason why I’m curious is because there are things that can only be purchased online. In example Gundam models and etc or things on ebay. I admit the main reason why is because I have gotten a spark of interest to buy and collect Gundam models again, but the only area I can buy them now is online.

I know that gift cards can work in the same way as credit cards when online shopping, but I fear that my father might be worried that I will end up going down the same path he did and in the future I would have to declare bankruptcy.

I just want the know things about Credit cards and how to best manage your expenses when having a credit card.

Jessica