| So, you're a student attending college, and you've | | | | payments etc are viewed rather seriously. So, it |
| been tempted by the idea of credit cards. Nothing | | | | is absolutely vital that you make at least the |
| unusual there, most of us from all walks of life | | | | minimum payment every month. Even better, if |
| have the same temptation. The difference for | | | | you could manage to pay a bit more than the |
| you the student is, as you're just starting out, the | | | | minimum each month then that would stand your |
| way you deal with credit now can affect you in | | | | account in very good order. |
| many ways, for a long time into the future. In | | | | As it's your first credit card, you will probably be |
| years to come you may need a mortgage, a car, | | | | paying a high rate of interest. This is why it's |
| etc, and establishing a good credit record now will | | | | important to use your credit card wisely. Once |
| be very useful. These days your credit history | | | | you are viewed as a responsible user of credit, |
| can even affect the way potential employers look | | | | you should be offered credit cards with much |
| at you. | | | | lower interest rates. Also, further down the line |
| For a lot of young people getting a credit card | | | | you will be able to attain better deals from the |
| when they have no credit history is nigh on | | | | aforementioned mortgage companies, loan |
| impossible, but fortunately college students are in | | | | companies, etc. |
| a better position. They are seen as less of a risk | | | | If you take liberties and misuse your credit during |
| by the credit card companies than certain other | | | | your college years, then you could well live to |
| groups of youngsters, and so are more likely to | | | | regret it. Never mind the scary tales of students |
| be offered a card. Using this first credit card | | | | getting into trouble with credit cards, if you have |
| responsibly is extremely important. | | | | some common sense and a bit of self control you |
| The reason you have to be careful is that your | | | | should definitely get yourself a credit card and |
| use of the student credit card is monitored very | | | | start building that credit. |
| closely by the issuing company and the credit | | | | All rights reserved. This article may be reprinted |
| bureaus, and because you don't yet have a good | | | | as long as the content remains unchanged and |
| credit history behind you, any slip-ups like late | | | | any links remain active. |