College Students and Credit Cards
By: Larry Goldberg
Think of an average college student. What comes to mind? Books, studying, homework….credit cards? That’s right, college students and credit cards are becoming inseparable these days. Student credit cards are now readily available and are very visible on campuses everywhere. Students have a lot to consider when deciding whether or not to get a credit card. Here is some basic information:
Credit cards can be good. This is especially true for busy college students who can use them to shop online and make other secure purchases. Plus, they’re nice to have on hand for emergencies. Credit cards, when used properly, can also be helpful in establishing a good credit history.
However, they can also be dangerous. You have to always remember that credit cards are not the same as money in the bank. They’re actually high interest loans. Unless you’re going to pay the balance in full every month, it’s better not to use them too freely since you’ll be paying interest on your balance.
Credit cards are a big responsibility. Student credit cards open up entire new realms of responsibility for those who use them. Payments have to be made on time each month, or it will cost you. You need to keep track of your transactions, your interest rate, and your balance to keep everything in order. Your good name is at stake here, so act responsibly.
There are lots to choose from. From low interest introductory APRs to prepaid credit cards, you have many options to consider. Low interest cards can be a great way to save money, but watch for that interest rate to climb after a certain period of time. Prepaid credit cards can be a good choice for students because you’re not spending money you don’t have. With this type of card, your balance goes down instead of up as you make purchases. Remember, some credit cards are better than others, so choose carefully.
There’s a lot to think about when considering opening a new student credit card. Think about which kind of card you want and what you’re going to use it for. Plan a budget and spend wisely. When you see those credit card booths start popping up on campus and wanting your business, gather the facts and make an informed decision – your new credit card may be with you a long time.
EXTRAS: FREE MORTGAGE CALCULATORS - CLICK HERE
Student Credit Cards Promotion
“I have saved hundreds of dollars on interest alone. Also I didn’t have to file for bankruptcy, so that was a plus without a doubt. Thank you, LetsGetCredit for being there when I needed help.”
– S.C. Dallas, TX
“I was dangerously overburdened with credit card debt. Though legally I could have declared bankruptcy, I felt it would be more proper to find a way to pay off these debts. Through your organization, I was able to pay off my debts and manage my income more effectively.”
– S.K.G. Glenview, IL
“LetsGetCredit.com has given me hope. I can see the light almost at the end of the tunnel. It has also given me the insight as to how to stay out of debt in the future.”
– A.W.S. Winston-Salem, NC
More Testimonials >>>
Earn Your Degree NOW! - Earn your Degree Now and Enhance Your Career. Flexible Online and Campus Programs Available. Request Info Today. It only takes A Minute. Earn your DEGREE on your own terms...
GET CASH INSTANTLY - - Apply For a Fast Pay Day Loan Up to $1500! Get the Cash you need by TOMORROW! Apply Now!
FREE Credit Report - What does your credit score say about you? Get your credit score instantly! The average U.S. credit score: 675. How do you compare?
Apply for Unsecured Credit Now - Apply now for unsecured imagine gold mastercard credit card. Three financial offers in one application, credit cards and cash.
Additional Offers >>>
Cancelling Your Credit Cards - Canceling credit cards is not always a wise option. You may think it will improve your overall credit report score; however...
0% APR Saves You Money- If you have a credit card, which most of us do, then you’re probably paying your fair share of interest on your debt.
Your Credit Score - Just how important is your credit score, you may ask? Well, it is very, very important. Your credit score is the main thing that will