Smart_Credit_Card_Habits_For_Students

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					Smart Credit Card Habits For Students

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464

Summary:
For credit card companies one of the largest groups of potential
customers they chose to target each year is college students. Student
credit cards offer young adults a way to cover expenses while attending
school, something that is often easier said than done. By offering naïve
college students, who have little to no prior experience with credit
cards, a way to pay their bills and cover other expenses, credit card
companies often find a number of eager new customers. However...


Keywords:
Business Credit Cards,Best Credit Card,0% Credit Cards,Low Interest
Credit Cards,Credit Card Service


Article Body:
For credit card companies one of the largest groups of potential
customers they chose to target each year is college students. Student
credit cards offer young adults a way to cover expenses while attending
school, something that is often easier said than done. By offering naïve
college students, who have little to no prior experience with credit
cards, a way to pay their bills and cover other expenses, credit card
companies often find a number of eager new customers. However, student
credit cards often cause many students who have never experienced the
process of managing their finances a quick fall into debt. Credit card
debt can be a real and very extreme danger for students applying for
their first credit card.

Many credit card companies find ways to appeal to young college students
looking for financial help. Some offer low interest rate or 0 APR credit
cards to college students with good credit. However, what some of the
trickier credit card companies fail to mention to students, or include in
fine print that is often overlooked, is that low rates or 0% APR is
sometimes only offered for a short period of time, such as a year. Once
the initial time period is up, rates will often increase to more standard
rates which is sometimes unexpected and in some cases overlooked by
customers. This can cause student credit card customers to become
inundated with credit card debt.

Once credit card debt gets up to a certain point, payments can be huge;
this is why it is important to keep credit card debt at a manageable
rate. Once credit card debt gets too high, payments will also rise. If
payments are missed, credit card interest will cause credit card debt to
climb even if the credit card has not recently been used. Keeping on top
of payments and not using the credit card to an extent to which you will
have trouble making payments on time is the ideal way to stay free of
credit card debt.
It is important for students to be aware of the dangers of credit card
debt in order to avoid financial trouble. However, it is up to them to be
informed and make smart financial decisions when it comes to student
credit cards. If students are interested in applying for a credit card,
the best way to go about it is to research credit card companies to find
the best credit card and credit card rates available. Some student credit
card deals are co0mpletely legitimate and can be a great way for students
to manage their finances. If students are informed, make regular
payments, and do not raise their credit card limits to absurd rates, they
will most likely be able to manage their credit card with no problems.

				
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posted:3/9/2010
language:English
pages:2