If you go by rulebooks, you will know that students should not be given credit cards because they are young and irresponsible. Credit card usage demands a sense of responsibility. Using one is a privilege that can go either way. A student who uses it recklessly can rack up a huge credit and get into trouble, whereas a smart student can use it to manage expenses properly and build a good credit history. So, why is a student credit card important? Following are a few points that highlight the importance of student credit cards.

Credit score
A credit score is important for everyone.

Rewards
Student credit cards give out a number of offers and rewards for credit card usage.

Cash flow
A credit card, when used smartly helps individuals maintain a good cash flow. When you are living on campus as a student, you may often be in a wanting situation. At such times, you can use your credit card to make purchases and pay it back as soon as you get money in your account. You can also use this card in a clever manner to maintain cash in hand at all times.

Consumer protection
With student credit cards, you can enjoy consumer product purchase benefits similar to general credit cards. Purchasing a laptop using your student credit card may provide you with an extra warranty at no added cost. However, these offers completely depend on your bank. Student credit cards may also provide special features like travel insurance during spring break and rental car insurance.

A credit card can be either good or bad for a student, depending on how responsible they are. A good and responsible student can use a credit card to manage their expenditures while building an excellent credit score for the future. At the same time, an irresponsible student can build up a heavy debt on the card and ruin the chances of future loans.