Every student on campus needs access to additional money for those monetary items not covered by grants or scholarship. Students may have a debit card that is provided by their parents who put money in the account but most students need and use a credit card. We have heard about all the credit card scares and the phobia's suffered by some because of the economy but in reality using a card by students is indisputable way of obtaining extra cash.
There is no need to cut up your plastic card only use it properly not over spending and paying on your bill in a timely manner. There are many good reasons for you to obtain a card while you are a student. A student credit card gives you protection for your purchases, allows you to shop online, and provides you a cushion in case of an emergency. You need too remember that a credit is not free money like your grants and scholarships but it is money that you are borrowing that needs to be paid back.
Your credit card comes with a finance charge on the unpaid portion of your bill each month. You do need to be careful that this interest rate is not too high as some can be as much as 25%. Many times a company may charge you a yearly membership fee that ranges from $20 to $100 annually. Then of course there is a late payment fee which might cause your interest rate to increase if you are late often. You need to make sure that you are making payments in a timely manner and if possible early.
Tom Tessin is an author for FINDcollegecards.com that is geared toward students looking for a student credit card
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