Strategies for Parents: Assist Teens Handle Student Credit Cards

A lotof teens discover it hard to manage their credit card expenses. Because soon as they obtain their very first credit card, these people tend to make use of it as often as they can. A few teenagers swipe their cards to purchase what ever they like - the newest albums, film or live concert tickets, and of course the coolest outfits they could get their hands on. Because they keep charging purchases on their credit cards, they may simply start worrying about their obligations when their parents obtain the financial statements of their own credit card records.

However despite the actual scenario above, mother and father still need to teach their kids exactly how they ought to manage their very first credit cards. Right after all, the method they manage their own finances and credit lines these days may show how these people may manage their financial situation because adults in the future.

Yet what need to parents educate their teenage kids regarding credit card administration? Exactly what ideas may they give their teens in handling college student credit cards? We possess posted a few suggestions below. Continue Reading

Getting College student Credit Cards - What you should Know

Alright, you are finally on college as well as you are applying for the first credit card. Are you experiencing any concept about how exactly credit cards really work? Studying on probably the most important credit card conditions will help you understand credit cards better. Let us discuss about some of the most commonly used conditions you will encounter when trying to get a credit card:

Applied Conditions When Applying for a credit card for college students
APR. APR or the annual percentage rate is the monthly interestthat the credit card company costs on your account every time you neglect to pay off your monthly balance. What this means is the lower the apr of the credit card, the greater it might be on your budget.

Several credit card companies offer a 0% Apr as part of their opening offer, which means the 0% price is only going to last for a particular time period. It’s great to consider benefit of the introductory offer as long as you be sure you can pay off your balance on time.
Continue Reading: Acquiring Student Credit Cards – What You Need to Know

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How the latest credit card rules will affect consumers

Significant changes in credit card rules have taken place over the past year, some more taking effect this month. The new rules were designed to make credit cards and debit cards more transparent to the consumers using them. Depending on your financial situation the new rules may help or hurt.

Brian Bradshaw is a stay-at-home dad. While his wife is working, he's taking care of the kids which does not come with a paycheck. A new credit card rule now prohibits Bradshaw from applying for a credit card in his name.

Bradshaw says, "Once you're married, you're a family. Everything is the family's. So the idea that I couldn't use my wife's salary for proof of income or that my wife couldn't use mine for proof of income I find kind of strange."

The new rule essentially says non-working spouses can no longer claim household income when applying for a credit card. Continue Reading.

Top Credit Card for Students Stories:

◘Credit Card Advice for Freshman College Students

◘Best Tips to Avoid Student Credit Card Debt

◘Benefits of Acquiring Credit Cards For Students

◘Tips on How to Use Student Credit Cards Wisely

◘How Students May Clean Up Their Bad Credit

Perfect Ways To Obtain A Credit Card With No Credit

It is the quintessential Catch 22—how do you build credit when you have no credit? There’s no question that you require credit, whether good or bad, for almost everything from renting an apartment to getting a cell phone.

Particularly in these harsh economic times, people are ever-more dependent on credit cards to pay bills and make purchases. Some recent changes in legislation and innovative new credit cards now offer more options and added protection for those just establishing their credit.
Continue Reading: Perfect Ways To Obtain A Credit Card With No Credit

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Why do credit card companies target College Students
Avoid Student Credit Card Debt
How Students Can Manage Their Student Credit Cards
Why do credit card issuers target college students?

Why do credit card issuers target college students?

Numerous credit card issuers see the advertising potential in college college students. Credit card companies make use of marketing offers and free gifts such as t-shirts, coffee mugs, or Cd albums to attract college students upon becoming a member of their own company.

Maybe you have requested why? Loyalty is a great reason. Credit card issuers are competing to become the very first credit card that the college student may own. When you are their very first credit card, it is very likely which even when they graduate from university and enter the company world, pupils is going to be updating their credit cards with the exact same credit card company. Continue reading:Why do credit card issuers target college students?

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3 credit cards that reward healthy choices

You've surely heard about credit cards that earn you cash back or airline miles. But did you know that some rewards credit cards can benefit your body, too? A number of major credit card issuers, including American Express, Discover and Capital One, have rewards credit cards that make it even easier to be a health and fitness enthusiast.

Financial health first

Personal finance columnist Liz Weston says there's no credit card reward rich enough or "healthy" enough to offset the cost of carrying credit card debt. "When you're carrying a balance, your primary concern should be getting the lowest possible interest rate so you can get out of debt faster," she says. Read More

Related Topics:

♦ Student Credit Card Application

♦ Student Credit Card Mistakes

♦ Why do credit card companies target College Students

♦ Credit Cards and High School Students

♦ How Students Can Manage Their Student Credit Cards

Credit Cards Aimed at College Students

The new rules restricting aggressive credit card marketing on campus, included in the CARD Act of 2009, seem to have reduced the practice, says a report from Credit.com.

The report cited a study from the Federal Reserve that showed, for instance, that the total of new credit card accounts opened by students decreased 17 percent from 2009 to 2010 Read Full Story

Have your first student credit card application today