With a credit card you can buy things without actually having the money right away. However, this can get you in big trouble if you aren't careful. You need to be able to pay your monthly credit card bill.
Todd wanted to purchase a new cell phone with all the bells and whistles and, after receiving an offer in the mail for a student credit card, he decided that he would have plenty of money to pay for the phone and the monthly payments.
Thinking that this was a simple offer with no hidden costs and not knowing the consequences of irresponsible credit card use, he decided to use this credit card to purchase the phone.