Record Number of Students Applying for Credit Cards Online

Now a days Students are Internet savvy .They spend countless hours online. Doing everything from downloading music to school research to shopping. So it makes sense that the Internet would be the first place that this generation would turn for getting credit Credit card is becoming the basic accessory for recent college students . for getting their textbooks and pay for supplies and fees, students are diverting towards the easiest way to pay – plastic. However, parents may advocate for student credit cards as a tool for helping them in learning fiscal responsibility and building a credit history, students look instead at the gratification of having instant accessibility to

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their “needs.” That’s why they are victims of those credit card companies who are lucky enough to set up on campus. The temptation is too great to resist, and some deals really are too good to be true. somehow, if students are genius enough to walk away from those high pressure sales and aware enough to research for credit cards online as they do for finding excuses to skip class; then they have endless chances for great deals literally at their fingertips. The initial step is reading all of the fine print associated with the cards, to investigate that the “best deal” really is the best deal or not. Leave the high pressure sales pitch behind and enjoy the quiet of your dorm room while you peruse the various cards that are available. Some sites will even compare cards for you, so you can make final decision after a valid comparison wisely. Then pay attention towards the matter that, select a card with no annual fee (the cost of having their card) and a low annual percentage rate (APR), which is the interest rate you pay on outstanding balances. Watch out for cards that say “0% APR for six months!” – as these deals may result in a 15-26% APR AFTER that six month period. You’re better off with a fixed rate of 9.99% for an limited period. Then treat responsibly with your credit card as the activity will remain with you forever as part of your credit history. Before you get a second, third or fourth credit card; banded with just one until you know that you can pay it off monthly or at least make the minimum monthly payments without suffering. Getting a second card because your first one is “maxed out” is not a responsible act. If you are fully confident that you can be a responsible credit card user, then you can divert your attention towards the benefits of your card. If you travel during spring break, find a card that will make you able to earn travel points, such as frequent flier miles. In this way when you are buying textbooks, movies or dinners, you will also be earning that spring break getaway. If you are really interested in supporting your school, then you can get a credit card with your school logo through which your educational institution gets the rewards of your usage. Must keep this thing in mind that one day, when your wild college days are behind you and you have that Ph.D. and are ready to buy a home or a fancy sports car; your credit history will come into consideration. It’d be hurt you after knowing that your college days affected your life 5-10 years later when you were making a handsome six-figure salary.