Statistics on credit card use by students

• 80 percent of college students have a credit card
• 83 percent of undergraduates have at least one card
• 37.5 percent of graduating seniors have three or more cards
• 44.7 percent carry a balance averaging $3,066
• 10 percent have a balance of at least $7,000
• Average balance is $4,433 for undergraduates with three or more cards
• Average student credit limit is $500
• The best card for a student is a debit card that won't damage your credit history .

From the above figures we can estimate how famous are credit cards among students.

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Source: http://onestop.umn.edu/onestop/Services/Money_Management/Credit_Cards.html