forget about paying bills on time.
Would they want to help a friend out by putting the friend’s purchases on their card?
While it’s neighborly to lend a hand, it’s important to not be left holding the bag by manipulative friends. Sometimes students will fall into this trap in an effort to fit in.
Are they OK with making minimum payments on the card?
If they are, that is not a good sign. Does your student understand that each time they use a credit card, that they just took a loan from the bank or credit-card company. Just because they were able to obtain money or goods by flashing their plastic, doesn’t mean it’s free money. Someone has to pay that money back, and that money has to be paid back with interest. So, if the student gets in the habit of making minimum payments then the cost of whatever item they used the card to purchase will cost them way more, way, way, more.
What would they consider an emergency for which their credit card could be used?
Pizza at 1 AM in the dorm is not an emergency. Purchasing an outfit to go out this Saturday night is not an emergency. Taking a trip with the boys is not an emergency. Those things should be in the budget, if they are not, the student needs to understand that they cannot afford them, unless they find a way to increase their income. You as the parent needs to work with the student and set expectations as to what an emergency is and on what kind of emergencies you will allow them to use their credit card.