Helpful Tips on Managing Student Credit Cards

Do you possess an instant approval credit card for students? And are you looking for tips and helpful suggestions on how you can manage your credit card account in the most responsible way you can? If your answer to these two questions is yes, then we suggest that you pay close attention to the succeeding paragraphs of this short article. Below we have enumerated and discussed several tips and pointers which you can employ so that you can responsibly and discreetly handle your instant approval student credit cards.

Four Tips for Student Credit Cardholders

  1. Choose a student credit card wisely.

    Never settle for the first instant approval credit card for students that you come across with. Instead, you should take your time shopping and comparing different card programs. Make sure that you compare the rates of interest, fees and charges, payment terms and other conditions imposed on various card accounts. This way, you can increase your likelihood of finding a student credit card that will be most suitable to your needs, personal preferences, as well as to your budget.

  2. Charge only what you can afford to pay back.

    To responsibly manage an instant approval credit card for students, you should remember to charge only what you can afford to pay back. Consider the value of a purchase or an expense before you charge it on your card account. This way, you can avoid accumulating huge financial obligations which can prove very difficult to pay back.

  3. Pay your credit charges on time and in full each month.

    Another way through which you can responsibly manage your instant approval student credit card is by making complete and on-time payments of your credit balances. To do this, you may need to devise a personal reminder system that will help you remember when your credit payments are due. Or you may contact your bank and request for an automatic payment arrangement. After all, such arrangement can help you keep up with your credit charges all the time.

  4. Avoid using the cash advance feature of your card.

    You should always remember that using cash advance can cost you a great deal of money. This facility will not only require you to pay huge cash advance fees; it will also oblige you to make huge payments on finance charges. So, as much as possible, avoid using this feature of your instant approval credit card for students. Instead, resolve to use the cash advance facility of your student credit card only when it is absolutely necessary.

About the Author

Samantha Wilson is a consultant for credit cards for students. For years she has written student credit card articles that would help build student credit.
Copyright 2010

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