Is it a good/wise idea for NSFs/students to apply for a credit card just to get 1% rebate when making payments?

If you can manage your finances well & won't spend more just because of the credit card then go for it

do you need that 1%? is there a risk of you overspending? is that 1% enough to outweigh whatever premiums you are paying? if not, no.

Is there a reason why that 1% is attractive enough to risk late payment penalty and interest?

Never follow what your peers are doing without thinking thru what is the best options for urself.

Usually credit cards needs a required spending amount to get annual waiver if is the free period is over.

As a NSF/Students without good consistent income, spending should not be the focus which credit cards allows u to possibly spend over the amount of savings you really have in ur bank account.

Go for Debit Card that gives at least 5% cash back which is still currently available in the market.

Hope this reply helps.

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Thank you.

If your are able to control your spending. Why not. You will be able to utilise the cashbacks. For me credit card force me to think of a way to get money to pay for the credit usage. E.g. Selling that underused speaker/guitar. I'm a NSF too.