Tips to help college students build their credit reports and continue their education.
Posts tagged college credit card
Students – Protect Yourself from Credit Card Fraud and ID Theft
Jun 28th
Controlling your spending, keeping your credit usage minimal and paying on time are important to maintain good credit. Nevertheless, you must also protect yourself from fraud and ID theft to ensure that your personal credit will always be in good shape.
If you are a student who owns a credit card, you are at a greater risk. Take a look at the following tips on how you can defend yourself:
Check your credit card statements. Check your monthly credit card statements to make sure that there are no unauthorized charges. If you find unfamiliar transactions, do not hesitate to inform your credit card issuer right away. As a consumer and cardholder, you have the right to dispute unauthorized charges. (more…)
On Acquiring Your First Credit Card
Jun 22nd
Many young people excitedly enter college, full of dreams and ambitions. However, some of them get stuck in bad credit as a result of poor management or overspending. Having a credit card can be convenient but if a cardholder is not careful, the result can be devastating.
So if you plan to apply for a student credit card, see to it that you are aware of the responsibilities involved in managing credit. Certainly, owning a credit card isn’t just about spending. Get informed. Don’t be afraid to ask advice from people who have built themselves good credit. (more…)
Must a Student Get a Credit Card?
Jun 6th
Some people may frown at the idea of allowing young people or students to use their own credit cards. For others, having a credit card encourages overspending. In fact, many student cardholders have been stuck in bad credit as a result of uncontrolled credit card spending. Does this mean a student should not get a credit card?
Using a credit card while in college can actually bring a lot of benefits. To reap these benefits however, a student credit cardholder must learn how to use his/her account responsibly. Listed below are reasons why students must consider getting a credit card: (more…)
How to Maintain Good Credit Even Beyond College
Jun 2nd
Establishing credit history can be easy but keeping it in good shape is the real challenge. Are you a student who wants to build credit? There are actually many ways for you to maintain your good credit not only while in college but even beyond graduation as well. Check out the following tips: Be timely. There’s still no substitute to timely payment. And this should not be surprising since your credit score is largely based on payment history (35%). Yes, occasional and frequent late payments will hurt your score so if you want to keep it excellent, pay your bills on time. (more…)
Things to Know Before Filing Your Student Credit Card Application
Aug 7th
The whole college experience can be one of the most exciting events that can happen in a person’s life. With regards to money matters college is often the time when youngsters try to really hone their financial management skills. For most, this is also the time to get their first credit card.
Applying for a credit card today is a lot simpler. Most issuers offer an online application feature so all you need to do is fill out an online application, click submit , and get a response to your application within minutes. However, students should be cautious when filling credit card applications. Here are pointers that you should consider before signing up for a student credit card.
Pointers to Consider when Signing up for your First Credit Card
Your Student Credit Card Options
Jul 22nd
Are you a student who’s about to enter college? If yes, you may be planning to get your own student credit card. Yes, many college students prefer to open a credit card account not just to have a credit card to use but to establish their personal credit history as well. Having a student credit card is a smart move if you can make the right choice. Below are the most important factors that you should consider before choosing a student credit card.
Most Important Factors When Choosing the best Credit card for StudentsInterest Rates and Fees
The APR is the additional cost that a cardholder pays each time he/she carries a balance for the next month. Needless to say, you’ll be better off with a low interest rate credit card. As a cardholder, do your best to pay off your monthly balances in full to avoid the APR. (more…)
What Are Secured Student Credit Cards?
Jul 14th
Credit cards for students give young people a chance to open their own credit card accounts without the need for a co-signer. Thus, any student who wants to have a credit card can easily do so even if he or she hasn’t yet established a personal credit history. In fact, these student credit cards are primarily designed to help young people build an early credit history while they’re still in college.
Students and Secured Credit Cards
Secured credit cards on the other hand are designed for people with bad credit history or no credit history. Thus, even with the absence of credit history or despite suffering from a low credit score, a person can still acquire a secured credit card. Secured credit cards can be used to improve bad credit history. (more…)
Some Things Students Must Know Before Signing For Credit Card
Jul 10th
Not that you’ve decided to get a student credit card, the first important step is to find the right one. As you graduate from high school, you may have received a lot of offers from different credit card companies. Perhaps you may have a few cards in mind that you’re considering but before you go and submit your application, here are some points to ponder:
Student Credit Cards Can Be Good Or BadHaving a student credit card can work to your advantage or disadvantage – depending on how you manage it. Sure, applying for a college card is easy despite your lack of personal credit history. In fact, these cards are your stepping stones toward rebuilding your personal credit. However, let’s not forget the risks associated with having a credit card. (more…)
How to Dispute Your Student Credit Card Charges
Jul 7th
There are times when card holders must deal with unauthorized charges. If you are a student who owns a credit card, anticipating these scenarios and knowing how to handle them is important. In this article let’s discuss the correct way of disputing credit card charges.
Check Your Billing Statement Regularly
As a student credit card holder, it is your duty to check your monthly billing statements to make sure that everything is correct. If you find certain purchases that you never made but are reflected on your account, you have the right to dispute about them. (more…)
Student Credit Cards With Parent’s Guidance
Jun 30th
Many parents are skeptical about providing credit cards to their young kids. However, student credit cards are wonderful tools in establishing an early credit history. With the right guidance from their parents, students can use their credit cards to their advantage while avoiding bad debt.
Money Management Lessons Can Start Early
Introducing basic financial management techniques to kids will help them become more prepared in handling their personal finances in the future. Teaching kids to save money from their allowances is a good way to develop their money skills. Instead of giving money for school on a daily basis, older kids may be given a weekly or monthly allowance so they can budget their own money. (more…)
