What’s the best credit card for students?

In a few months, your baby will be a freshman in college and you may be wondering what’s the best credit card for a student.

In my opinion, the best credit card is no credit card.

Instead, make sure the student has a debit card. Most debit cards can be used just like a credit card to buy what they need.

I know what some of you are thinking: What about emergencies?

That’s what savings are for. We should be discouraging young adults from thinking a credit card is a financial safety net. Financial experts advise that responsible credit card use means paying the balance off every month. So, if you are teaching your children this smart financial principle, then how can you turn around and then say they need a credit card for an emergency?

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