Student Credit Articles

Are you thinking about applying for a student credit card? Before you go and sign up that application, carefully weigh the pros and cons that can result from using a credit card. By doing so, you can be more aware about the steps that you can do to avoid getting yourself into trouble.

The Pros about Credit Cards for Students

Build early credit history. Applying for a credit card for students is the easiest way to build credit history. If you are a student, you have the privilege to get approved for an unsecured credit card without difficulty. Even with the new changes to the credit card law, it is still much easier for students to get their first credit card despite the absence of credit history.

Establishing Credit History for the First Time

Jun 2nd

One of the most important aspects of being financially independent is establishing personal credit history. If you are a student in college, this is the perfect time for you to start thinking about establishing and building up your credit rating. Listed below are tips for first time credit builders on their first credit card:

Things Credit Card Holders Must Be Aware Of

May 30th

There’s a great deal of information that consumers need to know about credit. Being aware of the basics of credit card management as well as establishing credit history will help first-time cardholders in selecting and using their very first credit card.

And not only that. Being knowledgeable about credit cards will also help individuals avoid making costly mistakes as they apply for credit card programs. So what are the basic information that all prospective cardholders, especially students must be aware of?

Tips for Parents: Help Teens Manage Student Credit Cards

May 24th

A lot of teenagers find it difficult to control their credit card purchases. As soon as they get their very first credit card, they tend to use it as frequently as they can. Some teenagers swipe their cards to buy whatever they like – the latest albums, movie or concert tickets, and of course the trendiest clothes they can get their hands on. As they keep charging purchases on their cards, they will just start worrying about their obligations when their parents receive the financial statements of their credit card accounts.

But despite the scenario above, parents still need to train their children how they should manage their first credit cards. After all, the way they handle their finances and credit lines today will show how they will manage their finances as adults in the future.

But what should parents teach their teenage children regarding credit card management? What tips can they give their teenagers in handling student credit cards? We have listed some tips below.

Key Points Concerning Student Credit Cards

May 20th

If you are a young person who owns a student credit card or are planning to apply for one, this article was written just for you. Check out the following key points about students and their first credit card:

Things to Consider When Applying for Your First Credit Card

May 18th

Students have the privilege to get approved for an unsecured credit card despite not having credit history. For this reason, financial advisors recommend applying for your credit card while you are a student. Today, let’s discuss some tips on how to you can find the right credit cards for students:

How Students May Ruin Their Personal Credit

May 13th

While nobody wants to have bad credit, you unconsciously inflict damage to your credit history without even realizing it. If you are a student or a first time credit card holder, below are some things you need to avoid so as not to ruin your personal credit:

Submitting multiple applications to different companies. Did you know that sending out too many applications to loan companies and credit card issuers can badly hurt your credit? Students usually get a lot of offers from student loan firms and credit card companies so they are prone to committing this error.
- Keep in mind that each time you try to apply for credit, an inquiry will be made into your credit report. These inquiries will be reflected in your report as well. Having too many inquiries in your report can instantly make you a “Risky” customer in the eyes of creditors and insurers.
Maximizing your borrowing limit. Even if your credit card for students come with zero interest or a low rate, you should still keep your charges minimal (ideally, 40% or less). You should know that your credit-to-debt ratio is a standard factor used in calculating your FICO score. It makes up 10% of your final rating. More >

How Teens Should Manage a Student Credit Card

May 7th

While parents can give all the advice they can give to help their teenagers stay away from bad debt, they cannot be there all the time to watch they’re every spending. Once classes start, many students will be left on their own with their first credit card.

Are you a student who owns a credit card? If yes, then consider it as a blessing that you can use for your studies. However, along with the convenience it provides are the responsibilities on your shoulders. If you’re going to use your student credit card as a responsible adult would, you can be sure that it will bring you great advantages later on. With correct management, you will be building an excellent credit foundation for yourself.

Credit Card Advice for Freshman College Students

May 3rd

Many high school and college students apply for their first credit card while in their freshman year. Even with the new changes to the credit card law, many teenagers are still encouraged to get a student credit card instead of wait until they’ve graduated.

Because a co-signer is required for those who are below 21 years old, parents can now monitor their child’s credit card applications and help out with the process. Before owning a credit card, teenagers must realize the responsibilities associated with being a cardholder.

Remember that by using student credit cards smartly, not only can you enjoy the convenience of paying with credit cards, you can also build a solid foundation for your personal credit history. Take a look at the following advice:

Best Tips to Avoid Student Credit Card Debt

Apr 28th

Every year, thousands of consumers struggle with credit card debt- many are student credit cardholders. If you are a teenager who owns a student credit card, what can you to avoid debt problems? Consider the following tips to avoid debt for student credit cards holder: