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What You Should Know about Student Credit Cards

Students in college have all kinds of expenses, ranging from text books to pizza, but let’s not forget about that spring break shopping spree, those sorority or fraternity excursions, and countless other weekends away and unexpected expenses. Student credit cards can help college kids make it through the semester, but there are a few things you should know before diving in head first.

Student credit cards can help allay some of those calls home asking for more money.

Credit cards for students are a great way for kids to become financially responsible.

College kids can begin to build credit by responsibly using student credit cards.
Credit cards provide fast access to cash, but it can also become too much of a temptation for those with little self control.

Many student cards have lower credit limits to prevent accumulation of a ridiculous amount of debt.

Parents typically cosign for a student credit card, so be sure to keep an eye on your child’s spending as needed.

Some student credit cards even offer rewards – look for these to help motivate your student into good spending and borrowing behavior.

Parents of college students should also offer advice to their kids about how to use a credit card. It is important to set the stage so that your child does not end up with $20,000 in credit card debt before he or she graduates!

Apply for a student credit card today!

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