Credit Card Tips For Students
Fresh into college and what do you get –credit card applications stuffed into the goodie bags of newbie students. Not a bad proposition though — students who need to buy books, travel home for Thanksgiving and enjoy the occasional pizza and wings with friends can certainly use the flexibility that credit cards offer. However, with a credit card, you need to be ALWAYS careful. MSN.com reports:
After a few years, in fact, the average new college graduate holds more than 6 credit cards and owes close to $3,000 on them, according to Credit.com, a credit education and marketing firm. Even without any new charges, that’s a debt that can take almost 3 years to pay off, if you’ve got a 19 percent interest rate and monthly minimum payments of $120 a month.
Read more: Credit card 101 for college freshmen
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