| Almost all students have and use student credit | | | | and more. If the credit history and scoring are |
| cards. Some of the students use them wisely and | | | | good the student will more easily obtain a house |
| build for them an early credit history but others | | | | or a car loan, certain types of financial jobs, |
| accumulate lots of debts that would have to be | | | | insurance premiums and more other benefits. So, |
| paid off once the student life is over. Students | | | | the student must pay his bills in full or in time, in |
| that have a credit card should learn how to take | | | | order to benefit later of their first years of credit |
| charge and manage their own finances as soon as | | | | history. |
| possible, because the time between teen years | | | | The most difficult thing for a student is to choose |
| and adulthood is very short. So, the sooner a | | | | from the large number of student credit card |
| student starts managing his own financial matters | | | | offers. And the best way for a student to |
| the sooner he will develop useful financial skills. | | | | choose a credit card for himself is to talk to other |
| Student credit cards are no longer a privilege for | | | | students and get advice from the ones that |
| wealthy students but now are considered a social | | | | already have and use a credit card and compare |
| entitlement. | | | | credit card offers online. Before choosing a credit |
| A student can very easily obtain a student credit | | | | card, the student must be aware of the card's |
| card. Offers for student credit cards are | | | | terms of use. Most student that already have a |
| everywhere students are: in campuses, at social | | | | credit card recommend for the others a card |
| functions, in their mail boxes, in bookstores, etc. | | | | with no annual fee and the option to limit the |
| That is because credit companies consider | | | | amount to be spent. And apart from these |
| students to be good customers. First of all they | | | | safety measures, wise students that think of |
| are loyal; once a student obtains a credit card, he | | | | their financial future often take a personal finance |
| is likely to keep this particular card for years to | | | | course in order to learn all kinds of financial |
| come and instead of getting other new cards | | | | management skills that will help them throughout |
| they upgrade it every time they fill the need to | | | | their entire life. |
| do it. Nowadays, the conditions to obtain a | | | | Students must be very careful when using their |
| student credit card are very weak, so more and | | | | student credit cards; they always have to be |
| more students have access to them even though | | | | cautious about the amount charged on the credit |
| they don't have a steady source of income. And | | | | card and, at the end of the month, to review the |
| this is a second reason why credit card | | | | amount of interest they have to pay monthly. It |
| companies offer more and more credit cards to | | | | is also recommendable that the credit card |
| students: they usually can't repay their debts in | | | | balance to be paid as soon as received. If for |
| time. And this is what credit cards companies rely | | | | some reason the balances cannot be paid in full, |
| on; they make lots of money from late payment | | | | the student must pay at least the minimum |
| penalties, interest fees on unpaid credit card | | | | payment required. If problems with paying the |
| balances, annual fees and more. So, students that | | | | credit card balances appear, the student must ask |
| don't repay their credit card balances in full each | | | | help from a financial counselor that will always |
| month are the best customers. | | | | have a solution for him as student loan |
| Every college freshman wants to have at least | | | | repayments are much more flexible than |
| one credit card because it will help him very much | | | | consumer loan repayments. And another thing |
| during his college years; the student will be able to | | | | students must be careful about is identity theft; |
| rent a car, buy books or concert tickets, provide | | | | the credit card or social security numbers should |
| himself help with medical or other emergencies | | | | not be given to anybody over the phone. These |
| and more. Apart from financial help during college | | | | are important information that cannot get into the |
| years, student credit cards offer other types of | | | | hands of wrong people because will very much |
| help by building a credit history. Credit history is | | | | damage the credit history. So, we can consider |
| the record of all that happens in your financial | | | | that it is best for students to have a credit card |
| situation throughout the years. Credit scoring is a | | | | starting with their freshman college years |
| system based on all that happens to your | | | | because, if used wisely, the credit card history |
| accounts: late payments, bill paying history, | | | | built in this period will very much help them |
| number and type of accounts, outstanding debts | | | | throughout their entire life. |