Post by account_disabled on Mar 11, 2024 23:22:32 GMT -6
The responsi bilit are in the student credit card market today. Students see all the enticing college credit cards available with all the unique rewards points and cash back offers available sound so great that many students dont know exactly which way to turn. Unfortunately many students still decide to apply and start using college credit cards and for the wrong reasons. Students start out using these cards to live beyond their means with frivolous purchases pizza and beer then move on to buying expensive things for their dorm rooms just to impress their peers and so on and so forth.
Students receive advertisements and even requests from card companies for student credit cards in the mail in their email inboxes in their new textbooks at college bookstores and Canada Mobile Database even in the college newspaper. Many of them are stamped with the very tempting words Preapproved. Because these tricks are so appealing students are more than willing to apply for these types of student credit cards. Some credit card companies like MBNA even offer credit cards for specific students such as those who belong to a certain club or alumni association. A college credit card can be useful but only if students remember to read the fine print.
These cards may sound very attractive but they are credit cards and they all have a downside. Many student credit card companies realize that most students pay only the minimum monthly payment and charge late fees and of course interest on their balance. This can start to add up to quite a bit of profit for the card company. The reason they offer cash back is to encourage students to pay down their debt to get cash back but the interest rates and fees on these types of student credit cards tend to be very expensive. To get students to apply for this type of card they offer all kinds of.
Students receive advertisements and even requests from card companies for student credit cards in the mail in their email inboxes in their new textbooks at college bookstores and Canada Mobile Database even in the college newspaper. Many of them are stamped with the very tempting words Preapproved. Because these tricks are so appealing students are more than willing to apply for these types of student credit cards. Some credit card companies like MBNA even offer credit cards for specific students such as those who belong to a certain club or alumni association. A college credit card can be useful but only if students remember to read the fine print.
These cards may sound very attractive but they are credit cards and they all have a downside. Many student credit card companies realize that most students pay only the minimum monthly payment and charge late fees and of course interest on their balance. This can start to add up to quite a bit of profit for the card company. The reason they offer cash back is to encourage students to pay down their debt to get cash back but the interest rates and fees on these types of student credit cards tend to be very expensive. To get students to apply for this type of card they offer all kinds of.