Tips on Getting a Credit Card

For College Studnets

Stay Under Your Credit Limit.

By doing this you must discipline yourself. Making sure that when you do purchase something you are sure you can pay it back. By staying under your credit limit you will be able to reduce the amount of money you spend and the amount of stress you would have due to over spending.

Check Credit Report Regularly

Checking you credit report regularly is something everyone should do. By checking your report you will know where you stand before making a big purchase. It is also smart to check because if something is charged this will increase your odds of catching it.
Big image

Pay your Balance on Time and in Full Every Month

Paying your bills on time is one of the most important things to do. If you don't then you might get stuck with paying late fees. Which is like going to a college class, you go to class, you are paying extra to learn extra. By not going to class you are giving money, but not learning anything. By paying on time and in full every month then you will be right on schedule with getting the item you credited payed off.
Big image

One Card is Enough

The average person is known to have more then 3 credit cards at a time. Growing up we learned the more credit cards the better, right? Wrong, having multiple credit cards as a college student is not a good idea at all. The reason being is because if you have more than one you are more likely to make purchase after purchase with no regard, making it easy for you to ruin your credit score and put you in serious debt.
Big image

Avoid Big Buys

Since you are a new credit card owner you have to make sure you spend it only when needed. One of the mistakes that several college students make is buying big items that were unneeded. For example, Tyler was a college student. He had a job paying $17 a hour, getting $35,000 a year. "I felt like I was on top of the world," he said. He then began to spend his money like crazy. He spent it on the newest version of laptops, a car, a desktop computer, and serval other things. He continued to spend his money with no care. He realized his abundant spending had put him into serious debt, "making it hard to breath," said Tyler. This is one of many stories about people that spent their money on big items and realizing no matter what debt catches up with you.
Big image

Sources


"5 Reasons to Check Your Credit Report - Experian News Blog." Experian News Blog RSS. 14 Dec. 2012. Web. 14 Mar. 2016.

"5 Smart Credit Moves for College Students." US News RSS. 23 July 2012. Web. 14 Mar. 2016.

"The Average American Has This Many Credit Cards. How Do You Compare? -- The Motley Fool." The Motley Fool. Web. 14 Mar. 2016.

"Credit Card Statistics, Debt Statistics, Industry Facts." CreditCardscom News. Web. 14 Mar. 2016.

"Reader Story: How I Ruined My Credit Score, and How It Didn’t Ruin My Life." Get Rich Slowly. Web. 14 Mar. 2016.

"Tips for Avoiding Debt - FindLaw." Findlaw. Web. 14 Mar. 2016.