No. of Recommendations: 0
I realize you're violently opposed to debt, but the need for a credit card in his situation is legitimate. Without one, he'll be unable to travel for externships and residency interviews - how will he buy a plane ticket or rent a car? And while I'd be happy to buy him a book or instrument that has to be mail-ordered with a credit card, and let him pay me back, I'm sure he'd consider it an embarassment.
Going on an all cash diet would be great, it's just not practical.
(He's also not nearly in as much debt as some of our classmates - he'll easily pay his back by his 2nd or 3rd year of practice, unless he turns stupid and locks himself into a big mortgage and a leased Lexus.)

Eric

Why does he need another credit card? He's already got plenty of debt thanks to the medical student loans. A credit card would just make it easier to get deeper in the hole. I think that Capital One may be doing him a favor by denying him a credit card. You might get him to see if he can live on a cash diet because it will keep him from mortgaging even more of his future on debt.

Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement