Entries on student credit cards

The student away at school will learn quickly that it is far better to save the credit card for necessary purchases such as books and school supplies rather than squander the entire card limit on frivolous expenditures. The credit limit issue can be revisited and perhaps revised once the student has demonstrated responsible credit behavior and developed good payment habits. It would also be a smart idea to teach the student how to make online student credit card payments. Eventually all payments will be made online, so prudence dictates that the skill be taught sooner rather than later. The most desirable student credit card package will have no annual fee, zero percent introductory interest rate and cash back rewards to reinforce good credit practices.

09/29/09 19

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