Training needed before applying for credit cards

I tell young people that obtaining their first credit card, in their name, is just like buying a gun.

This comparison always brings a puzzled look. They can't make the connection!

No one should own or even handle a pistol or long gun such as a shotgun or rifle without safety training.

No one should carry a credit card without training in how to use credit, but more importantly how to pay what's owed on that credit card account.

These little plastic cards are part of growing up. A man or woman today has to possess a major credit card to spend the night in a hotel and to rent a car at an airport. I still remember hearing of a North Texas rancher who was well-to-do, but never got around to applying for a credit card.

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