According to the study of US General Accounting Office 2001, the credit card for college students are very advantageous especially on medical emergencies, traveling and on cashless transactions. Another study showed that 77% of college credit cardholders use the card for personal expenses while 67% for occasional and emergency expenses.
With these results, is it alarming that college students are allowed to apply for credit cards even without employment yet? Well, we should not overlook the responsibility of these students to handle their finances. Even if they don’t earn the amount that they are spending, surely they care about the labors behind these.
And for the college students who wish to have or who are already using the credit cards, here are some tips to a smart way of handling your credit:
First, you should understand that every amount that you add into your balance should be paid on or before the due date to avoid penalties. So learn to take charge of your account so that you would not reach to the point when you are already thirty years old and yet still paying for your accounts when you were seventeen. Sounds exaggerated? Well, it could...
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