Published Apr 27, 2007
Some days the credit card offers seem to flood the mailbox. The envelopes offer various rates and rewards for using the card. What the offers don't say, however, is how easy it is to quickly get into debt and how important it is to build good credit.Barbara Wood, assistant professor of professional practice, said she thinks it's good for students to have a credit card for emergencies, but, before they get a credit card, they should also have the income to pay off what they charge.
"I think one is sufficient," Wood said. "Particularly if you're looking to build credit."