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It depends on your level of maturity, your understanding of credit and borrowing, your appreciate for how bad credit can ruin your life and embarrass you for years and years, and your understanding of the goal of credit card companies in giving credit to students. The credit card company considers student borrowers a great risk. This means more late fees, higher interest and over-the-limit fees which will result in an incredibly inflated balance that can be sold to a collections group for pennies on the dollar and still result in a profit for the credit-card issuer. This then leads to ruined credit, attached wages, difficulties in securing employment later in life, etc. If you feel that you can manage a credit card, use it sparingly and pay it off completely each month (instead of going nuts on a shopping spree and a kegger for 250 of your closest friends, which is what the credit card company hopes you'll do), then a credit card can be beneficial in building credit early on. It's a double-edged sword; you ha
What else can I help you with?
Should credit card companies market to college students?
No, they should not
How is it possible a consumer might not have a credit history?
If they have never taken out a loan, credit card, or anything else, there is no credit history. You should start building credit while in college - small credit cards and student loans are good ways.
Where can one apply for a Citi student credit card?
The Citi student credit card is a car designed to help college students build their credit while they are in school. In order to apply for the credit card, one must visit the Citi website.
As a new college graduate, what are the best credit card deals I can expect to find?
In order to find out what the best credit card deals for recent college graduates are, you are going to have to talk to the credit card companies to see what they have to offer.
Who should you call if a credit card company listed you as deceased on your credit report?
You should call the credit card company.
What are the credit cards that suits college students like me?
Capital One has a great credit card for the college student. While building credit, you can earn 1% Cash Back on all you purchases. Their website is at the following web address: www.capitalone.com.
Can someone tell me how to apply for a credit card?
You could find a part time job at your college. Apply for credit card at your college, the acceptance rate is very high.
How can a student obtain a college credit card?
College students can obtain credit cards just like other people. Sometimes it can be more difficult to obtain a credit card as a college student because they do not have as much credit built up. The best approach would be to open up a savings/checking account at a local bank. Once one is opened, they will usually offer the person a credit card as well. If that does not work, looking at the main credit card companies (Visa, Master Card, Discover Card, and American Express) and finding their college student section, will give you options for college students, however, they usually have very high interest rates.
What should be your first credit card?
American Express. Beastly Credit Card.
What are a few good prepaid credit cards for college students?
There is few goods prepaid credit cards one should get. American Express offers a good deal when it comes to prepaid credit card. Also another good one is Visa's prepaid credit card.
After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customers credit card?
After scanning a customer's credit card, the machine tells you to confiscate the card. What should you do with the customer's credit card?Call the bank that issued it immediately. The telephone number is on the back of the card.
What should you do if a new card on an existing account was stolen activated and used while the holder was out of the country and was not discovered until the credit report was already messed up?
This is called Identity Theft. Contact your credit card company immediately and the credit bureaus on what you should do.
