123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Debt >> View Article

The Bottom Line - How To Avoid Student Credit Card Debt

Profile Picture
By Author: Scott Stadler
Total Articles: 138
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Student credit cards can be a blessing or they can be a curse - it's all up to you! Student cards are fantastic for making college purchases more convenient, making travel much easier, and for covering those emergency situations that just pop up from time to time. But if they're not used responsibly, the debt racked up can really be quite a burden when the carefree years of college are finally over and the real world begins.

And post-college debt really can be painful indeed. Chances are that with lots of outstanding debt and not so much black ink on the income side of things, credit scores are also going to be less than excellent at this time. This makes getting an apartment, buying a car, getting auto insurance, and even getting a job a lot more difficult. Yes it's true - these days, most employers do take a look at your credit score as an indicator of what type of employee you'll likely be.

The good news is that avoiding student credit card debt is not hard to do at all! Here are a few pointers to help you get started off on the right foot

Use a Credit Card Only for Emergencies.

I know this ...
... sounds tough, but it is entirely possible. College students have gotten by for years and years without using credit cards at all. There's no reason why the responsible student today shouldn't be able to get by with only using their credit cards for emergencies and other times where it's really the only option.

Pay it Off On Time.

This is essential. Pay it in full if possible to avoid any balance at all. However, even if you can't quite swing the full amount right now, it's imperative to at least pay the minimum before it's due. Late fees and other additional charges that come when a payment is late or missed are very punitive and compound incredibly fast.

Use Your Discipline.

Taking total control with your financial life is easier and much more rewarding than letting things spiral recklessly out of control. Being disciplined with a student credit card might mean asking yourself each and every time you plan to use the card, would I spend this money or buy this item if I weren't putting it on the credit card? If the answer is no, then that should tell you something.

Plan to Pay Down the Balance.

Even if something happens and you can only cover the minimum payment when it's due, don't just settle for letting the balance rack up to be paid after college. Believe me, it will be even harder at that point than it will probably be now. Find a way to make a few extra bucks now and tackle the balance before it grows out of hand.

Take action now to avoid student credit card debt along with the problems it brings later in life!

Apply for college student credit cards at CollegeStudentCreditCards.net Also earn free flights with a frequent flyer credit card or get free gas with a gasoline credit card.

Total Views: 228Word Count: 522See All articles From Author

Add Comment

Debt Articles

1. How To Choose The Best Elementary School For Your Child In Canada
Author: USCA Academy

2. Why Personal Loans Are The Best Option For Vacation Financing
Author: Brajendra Kumar

3. How To Improve Your Home Loan Eligibility Calculation
Author: Maya

4. How Personal Loans Can Help In Debt Consolidation And Financial Planning
Author: Brajendra Kumar

5. Repayment Options And Plans
Author: Brajendra Kumar

6. Navigating Bad Credit Car Loans In Ottawa: A Comprehensive Guide
Author: Anna Emma

7. Understanding Personal Loan Interest Rates
Author: Brajendra Kumar

8. Dynamics 365 Business Central Online Training | D365 Business Central
Author: Susheelvisualpath

9. Why You Should Review Your Home Loan Periodically?
Author: Tarun Diwedi

10. How Personal Loans Can Help You In Financial Emergencies
Author: Brajendra Kumar

11. Usmle Training Step By Step By Themet World
Author: themet

12. Unlocking The Secrets Of Itin Application: A Comprehensive Guide To Documents, Costs, And Requirements
Author: itin.support

13. 5 Smart Ways To Get Out Of The Debt Trap
Author: Brajendra Kumar

14. Sole Traders And Bounce Back Loans: What To Do When Repayment Seems Impossible
Author: Shira Joseph

15. Hybrid Dynamics: Exploring The Intersection Of Physical And Virtual Experiences
Author: adlerconway

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: