Owning a credit card is convenient I think. You can learn how to be fiscal responsibility, and it provides a back-up in times of emergency. Plus, you may get extra bonus by using a credit card. In the old days applying for a credit card is pretty simple; all you have to do just by signing on the dotted line. Some of the applicants are students, and the reason why they easily accepte the cards maybe just some free gifts. Furthermore, they neglect the high-interest-rates a card has by impulse buying without paying their bills on time. The bottom line is that a student who ends up heavily in debt did it to himself. They burn a hole in their’s pocket by maxing out the credit cards and it leads to the most poorest victims, their parents, are cannot but bail the children out. On the other hand, there are still some debtors can’t afford the amount of money even though they are up to their’s ears in redeeming the debt. The goverment novice the severe effect, then regulate a new policy about credit card application terms. One of the restriction is people who are not have regular salaries are unqualified. Authentically credit cards are innocent, the key point is how you treat it.