http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/ Money Management, Small Business, Career Thu, 09 Feb 2012 19:08:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/#comment-38432 MyMoneyDesign.com Tue, 08 Nov 2011 10:53:41 +0000 http://cashmoneylife.com/?p=1806#comment-38432 I’d like to emphasize one of your tips on using credit cards wisely: “Only buy things that you could already pay cash for right now”. I think this is a very good rule of thumb and where most people go wrong. They buy things with credit cards for LATER when they think they’ll have the money. But the problem is that you never will. The balance will build interest and the whole thing will spiral out of control. Remember people: If “Money In” is less than the “Money Out”, you’ve got a recipe for disaster. I’d like to emphasize one of your tips on using credit cards wisely: “Only buy things that you could already pay cash for right now”. I think this is a very good rule of thumb and where most people go wrong. They buy things with credit cards for LATER when they think they’ll have the money. But the problem is that you never will. The balance will build interest and the whole thing will spiral out of control. Remember people: If “Money In” is less than the “Money Out”, you’ve got a recipe for disaster.

]]> http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/#comment-38357 Cherleen @ My Personal Finance Journey Mon, 07 Nov 2011 02:13:25 +0000 http://cashmoneylife.com/?p=1806#comment-38357 Another great post. I agree that credit card holders should be financially responsible, whether they are college students or not. Another great post. I agree that credit card holders should be financially responsible, whether they are college students or not.

]]> http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/#comment-21168 Credit Card Chaser Fri, 08 Jan 2010 07:49:34 +0000 http://cashmoneylife.com/?p=1806#comment-21168 One of the biggest advantages for students when applying for a credit card is that they will get a head start on building their credit history. Even if one can just apply for a credit card very young and make a few small purchases on the card every month and make sure to pay the balance off in full each month then years down the road those extra years of credit history will pay off in lower interest rates when they go to buy that first house or try to get a car financed. One of the biggest advantages for students when applying for a credit card is that they will get a head start on building their credit history. Even if one can just apply for a credit card very young and make a few small purchases on the card every month and make sure to pay the balance off in full each month then years down the road those extra years of credit history will pay off in lower interest rates when they go to buy that first house or try to get a car financed.

]]> http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/#comment-19564 Curious Cat Investing Blog Fri, 04 Sep 2009 17:24:33 +0000 http://cashmoneylife.com/?p=1806#comment-19564 As long as you only buy what you have cash for and pay the bill each month in full I think it is fine. I used my credit card for everything but never carried a balance. As long as you only buy what you have cash for and pay the bill each month in full I think it is fine. I used my credit card for everything but never carried a balance.

]]> http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/#comment-19548 Emily @ Under$1000PerMonth Thu, 03 Sep 2009 17:58:58 +0000 http://cashmoneylife.com/?p=1806#comment-19548 The temptation is thinking that you're going to get a real high paying job when you get out of college, even if you're going for English Lit. But there are rewards for building good credit early for level-headed students. The temptation is thinking that you’re going to get a real high paying job when you get out of college, even if you’re going for English Lit. But there are rewards for building good credit early for level-headed students.

]]> http://cashmoneylife.com/student-credit-card-tips-and-best-student-credit-cards/#comment-19547 Craig Thu, 03 Sep 2009 16:30:52 +0000 http://cashmoneylife.com/?p=1806#comment-19547 I agree that the key to a credit card not just for students but anyone is responsibility. Having a credit card as a student can be a big advantage for the future when you pay off in full and take care of it. You can raise your limit easier in the future and establish credit all helping you boost your FICO score. I agree that the key to a credit card not just for students but anyone is responsibility. Having a credit card as a student can be a big advantage for the future when you pay off in full and take care of it. You can raise your limit easier in the future and establish credit all helping you boost your FICO score.

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