Make a Good Decision

Posted on March 17, 2008 @ 8:48 pm

There are a vast number of college student credit cards available, so if you are entering college, it is important that you be informed of which ones are the best ones to sign up for. They all seem like a good idea at the start, but it is critical to compare things such as interest rates and what kinds of rewards are linked with the card.

The first few weeks of school, a new student will be offered many different student credit card applications. Some students make the mistake of signing up for all of them. It may seem like a good idea to have thousands of dollars at your disposal, but it is really a trap. This money will all have to be paid back and what you borrow could be owed in double by the time you are finished school and all the interest has been added.

Though I don’t necessarily think that credit cards for students are all bad, I think it is something that all students should take the time to think about and be able to make an informed decision. It is not a bad idea to get one or two cards to build up a credit rating, but it is critical that the time and thought have been out into deciding which ones to get.

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