Simple tips to use student credit cards effectively
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Simple tips to use student credit cards effectively

Simple tips to use student credit cards effectively


Updated: December 26, 2012

By
Add to Favorites:

Student life is one of the most interesting phases in a persons life. There are many firsts associated to it, including getting the first ever credit card. The minute a student steps into college, there are innumerable credit card lenders waiting in line to woo the young ones and strike a deal with them. Despite the federal government bringing in various rules to clamp down on the issuance of credit cards to students, banks continue to do so. While getting a student credit card will help you build a credit history from a young age, it is not a wise decision to opt for, since the chances of misusing the credit card are much higher among students. However, if you are careful and keep a few simple tips in mind, you can surely establish a credible credit score and credit report by the time you enter the workforce.

When should you use your student credit card?

There are a few rules you need to keep in mind before putting your credit card to use. First of all, only use the credit card if you can repay the balance in full the following month. Use it to make only the most essential purchases that you cannot survive without. If you have to purchase some books that cannot wait until you receive you next loan check, go ahead and use your credit card. But, remember the first thing you need to do when you get your check is to repay the money use to buy the books. You can also put your credit card to use in case of emergencies such as car repair if you are dependent on your car to go to college. Try to ask friends if you can car pool with them till your next check arrives so you can get the car repaired without using your credit card. Only use the credit card as a last resort.

When to avoid using the student credit card?

If you have no means to repay the dues on the credit card, don't consider using it at all. Using it and not repaying the dues can lead to bad credit history; this will have an adverse impact much later in life. Do not use your credit card for fancy purchases that can wait till a later date. Finally, do not use your credit card just to impress your girlfriend or boyfriend.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading