If we have to talk about the significance of young people applying for credit cards, we can only use preferential consumption policies and emergency preparedness.

However, young people are not advised to apply for credit cards.

The original intention of credit card is to spend on the premise that the cardholder has certain repayment ability, which belongs to the pure credit service launched by the bank. However, credit cards are often accompanied by advanced consumption, excessive consumption and even overdraft consumption.

Because many young people do not have a stable source of income, some young people with credit cards have poor self-control ability, and they only care about enjoying the pleasure of swiping their cards, ignoring their repayment ability, and eventually they are unable to repay because of excessive consumption.

Once unable to repay, it will fall into the dilemma of robbing Peter to pay Paul, and continue to work hard to repay, wasting a great youth. What's more, it is overdue, which has a great negative impact on personal credit reporting.

In bodo schafer's book "The Road to Wealth Freedom", it is clearly pointed out that in order to achieve a leap-forward change in personal finance, we must first cut off our credit cards.