Students and Credit Cards

The good, the bad, the confusing

Positive aspects of a Credit Card

  • you can use them everywhere
  • you can buy items and pay them off over the months
  • they can back-up what you have bought
  • some cards offer a money back
  • they build credit history

Negatives of a Credit Card

  • May feel like you can spend more money than you have
  • Late fees
  • too much credit debt can ruin your credit score
  • credit card fraud

What Students need to know

Important Credit Terms


  1. APR- Annual Percentage Rate and how much they are going to charge you to use it
  2. Credit History- How well you are at paying stuff back and how much you borrow money
  3. Credit Score- How much you are in debt

Financial Literacy