Posts Tagged ‘student credit card’

The New Credit Card Law and Student Credit Cards

It is a fact that 2 out of 3 American high school students have their student credit cards which is not a bad thing. A student credit card is a great way to start building one’s credit history that can be used for the future.

In the past years, applying for a student credit card is very fast and no complicated requirements are needed. There are even credit card companies that hand out credit card offers to high school or college students like candy. However, this practice is about to change. Read more…

What Every Parents Must Know About Student Credit Cards

Parents can make a big difference in helping young people stay away from bad debt. While some may totally disregard the idea of allowing students to handle credit cards, owning one can actually be beneficial. Below are useful tips for parents with kids who are student credit cardholders:

Ease and safety. Using a credit card is a much safer mode of payment for youngsters compared to bringing cash. In case the card is stolen, the student can simply call up the bank and have the account frozen. Read more…

Student Credit Cards: Are They Threatening To The Economy?

The increasing cases of bad debt among young credit cardholders are indeed an alarming trend. This is why some parents dismiss the idea of letting their kids get a credit card while in high school or college.

But are college credit cardsto blame for the growing number of bad credit and bankruptcy victims? Are credit cards for students really a threat to the economy. Read more…

Points to Ponder for Teens Applying for a Student Rewards Credit Card

Without a guide, teenagers may have a hard time choosing from all the credit cards in the market. If want a credit card for student with rewards, then you’ll be glad to know that there are issuers that offer reward credit cards especially for college students.

Below is a guide that you can use before signing up for a student rewards credit card:

Which Type of Reward Suits Me? Reward programs vary from – Cash Back, Gas Rewards, Travel Rewards, and more. No matter how attractive the reward program may seem to be, you want to consider if it matches with your spending and lifestyle. Read more…

Wise Spending Tips for Students with Credit Cards

Credit cards for college students are wonderful tools for building early credit history. As a student, this is your only chance to get approved for an unsecured credit card without credit history. However, building solid credit will largely depend on how you utilize your college credit card.

If you can keep up with your repayment obligations, then you should be able to maintain good credit standing. On the other hand, if you are often late in making payments or if you usually exceed your credit limit, you may end up with bad credit. Read more…

What to Know About Student Loans

Student loans provide the much-needed financing for those who want to pursue a college education. Without these loans, it can be very difficult for a student to cope up with schooling expenses such as books, supplies, allowance, and more. Even with their parents’ support, acquiring a loan is still a big help especially during these times of crisis.

In this article, let’s talk about college loans provided by the government and loans provided by private lending companies. Read more…

How to Build Good Credit While In Your Teens

As a teenager enters college, more doors of opportunities open up. This is the time when you can get your own license and drive your own car, work part time jobs to earn your own money, and build up your personal credit history. As you prepare yourself for the future, building up a solid credit is best started while you’re in college. Below are some tips on how you can build good credit: Read more…

All About Government Student Loans

Students who want to pursue higher education can turn to government student loans for help in financing their studies. In this article, let’s discuss the basic things you need to know about Perkins Loans, Stafford loan and Parent PLUS loans.

The Federal Student Loans
Both undergraduates and graduate students can apply for a Perkins Loan for financial support. On the other hand, Stafford loans and Parent PLUS loans are offered for undergraduates and students who are just about to enter college. Read more…

Student Credit Cards – Making the Choice

Owning a credit card while in college can be a great advantage. A student credit card can be used in purchasing books and other school materials. During emergencies, a credit card can come in handy when a student doesn’t have cash.

Credit Cards- Remember the Risks

Of course, owning a credit card for college isn’t just about easy and convenient spending. As a college credit card holder, your goal should be to build a solid credit history. By using your credit card the smart way, you can build yourself an impressive credit score. Read more…

How To Keep Away from Student Credit Card Debt

Many young people graduate from college with credit card debts that are long past due. Although using a student credit card has its advantages, there is also the risk of uncontrolled debt. If you are a student credit card holder, what can you do to avoid bad credit? Consider the following tips:

Use your student credit card with care. Use your credit card only for important purchases. Do not abuse your privilege by buying things that does not really contribute to your education. Bear in mind that as a cardholder, you have responsibility to your credit card issuer. Before charging anything to your card- regardless of how big or small the amount its, ask yourself, “Do I really need to make this purchase now”; “Am I sure that I can pay it back on time?” Read more…