Credit Information
Before a student decides to apply for student credit cards, they should know the basics of credit and how it works. Credit should be taken very seriously and not "applied for" because someone is offering you a t-shirt if you apply for their credit card. Many companies provide secure online student credit card applications, so you can apply for the best student credit cards at your convenience, when YOU are ready. We have highlighted a few of these companies here, and they include:
We strongly recommend you learn the basics of building GOOD credit before you apply for student credit cards.
Using Student Credit Cards in a Responsible way:
Understanding the importance of your credit score cannot be overstated. We will try to provide you with the information and insights on how to build GOOD credit, as BAD credit can cause you much heartache. For example Credit card delinquency could prevent you from qualifying for other types of loans, such as a home loan, auto loan or payday loan. When you miss a payment on your credit cards, you may receive a call or other correspondence reminding you of your overdue balance. You must be sure to pay at least the minimum payment seven days before the actual due date printed on your monthly statement.
Protect Your Student Credit Record
- Pay bills promptly to avoid late fees.
- Keep track of your charges.
- Do not exceed your Credit Limit.
- Always avoid Over-limit Fees.
- Report any change of address prior to moving, this way you will receive your bills right away.
Your Student Credit Card Rights
The Fair Credit Billing Act for consumers applies to credit cards and can be used for:
- Billing errors on your account.
- Unauthorized use of your student credit card account.·
- Goods or services charged to your account, but not received.·
- Charges for which you request an explanation or written proof of purchase.
*If your credit card is lost or stolen, you will not be held liable for any changes made by unauthorized persons.
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