My Student Credit Card Adventure

And some practical advise about credit cards. I remember my college days, when it seemed like practically every bulletin board on campus had a credit card ad. The banks would travel to college and set up application booths on registration day. Hundreds of students apply to a credit card. As an incentive, we offer gifts such as shirts, water bottles, and key chains. So I took what they were giving. You can not beat free. Next thing I knew, I had signed on the dotted line.

It was not long before the plastic card that arrived in the mail. It was time to establish my credit history. I went to a mall. Life was good! These things happen? I did my student credit card solution to all my financial emergencies when I attended college. Needless to say, there were plenty of them. There were bills of tuition, school supplies, repairs vehicles, and midnight pizzas to pay. The old saying is true. “When you have, you have you.” That little piece of plastic I bailed out of financial troubles more than I could count.

I honestly do not know what would have done without him. The student credit card “thing” was a great idea. My day of reckoning? The monthly statements arrived one after another. I had been in the habit of making the minimum payment and ignoring the bottom line. Not a good idea. All credit card purchases left me with a very strong balance sheet. The finance charges are shocking. It was time to act. I started to allocate more of my monthly income to my credit card account and eliminated frivolous purchases. The balance of my reality, began to decrease (Thank God). I have developed a better understanding of what credit cards are meant to be. Money certainly is not free! In short, are a desirable loan must be refunded. A word to the wise? When applying for a credit card, students need to consider the fees in question. Take a look at the finance charge, annual fee and late payment fee. Shunning cash advances if possible. Consider a low limit credit card. To compare and search for competitive rates. Study your card agreement thoroughly. If you do not understand something, call customer service. Ask questions. Set a realistic budget and follow up. Avoid impulse purchases on your credit card. Try using the card only in real emergencies. Try to pay your bill on time and keep your finance charges to a minimum. This will help you establish a good credit history. You may also want to consider using a debit card. The money is deducted directly from your checking account. This way you can not spend more than you have. Remember to approach credit cards wisely. When used correctly, can save real life!