Archive for February, 2009

Which Student Credit Cards Should You Avoid

If you’re a student preparing to apply for a credit card, this article was made for you. Consider these common mistakes that many students commit when choosing a student credit card.

Applying for the wrong credit card. There are many choices of credit cards for students in the market and you’ll want to pick out the one that meets your needs. For instance, consider how you plan to manage your credit card balances. Will you be able to pay off your balances IN FULL every month? If yes, you may consider choosing a student credit card with rewards so you can enjoy certain privileges. However, if you intend to carry a balance from month to month, you should choose a student credit card with the lowest APR to save more. Read more…

How to Avoid Late Credit Card Fees

How to Avoid Late Credit Card Fees

Students with credit cards often end up paying more than what they owe because of additional credit card charges. Late penalty fees plus the high interest rates can definitely cost you more. But why pay more when you can avoid those additional fees by submitting your payments on time?

It’s All About Business

Regardless of what credit card companies advertise, it’s still about business. Credit card issuers want to make money and charging late fees and interest is just one of the most subtle and effective ways to achieve this. Read more…

5 ways To Build a Good Credit History

There’s no arguing that a good credit history is an advantage for everyone. An impressive credit report gives you the power to negotiate with lenders and demand lower fees. This article presents 5 practical and efficient ways to build and maintain a good credit history. Check out the following tips on how you can show an impressive credit report to prospective creditors.

Go for low interest credit cards. With all the many choices of credit cards in the market, you’ll want to find one that not only offers low interest but reasonable terms as well. Read more…