For Credit Card Rookies

One of the most important things a student who wants a credit card must do
is a financial assessment of his/her current situation, research the net and
the books, review which one has more rants than raves and question all the
people to be involved in this credit card application. It is very important
that the student knows everything that he/she is getting into before the
actual request.

It's no fun at all applying for a card and just being rejected once or
twice. That is why college credit cards were invented, to help small earners
like you because you are still in college. But don't worry what you need to
remember is to develop a good credit card history. Since you are starting
you just need to be a wait a little. Remember patience is a virtue.

Here are certain things you need to remember:

- If you have your own place now, remember one thing. PAY YOUR BILLS ON
TIME. That will definitely put a star in your potential to be a good credit
card owner. Companies will see that and you might just be shocked by the
number of companies wanting you as their customer. They will swarm to you
like bees to honey.

- Credit cards can deceive us to thinking of wealth we don't really have.
Avoid using the card unnecessarily.

- Use this card to put an A plus on your credit record.

- Make a small financial plan for yourself. Plan what you will be spending
and plan how you will be able to pay for it.

- Assess yourself and know and how much you can really afford.

- Do not over spend. You will just kill your credit record.

- Use your card regularly; don't make it look like it has not been used.

- Beware of fees. Especially late fees due to your inability to pay at the
due date.

- For some credit card companies student cards have no annual fees. Be sure
to grab that.

- Can help pay for tuition fees.

- If at anytime you transfer addresses immediately notify your credit card
company so the bills will still be able to get to you at the proper time.

- Low interest rates

- Not only is this credit card helpful it has a lot of incentives stuck with
it. (Like tickets to see MTV shows).

Not all good things are meant for you. Things as important as your record
need to be acted upon responsibly. If you have a knack for spending a lot or
you are already termed as the impulse buyer you might want to give this a
second thought.
This will only entice you to spend even more. False wealth is never a good
option.

Having bad credit will cause you even more worries eventually as it will
reflect on your credit record. Not only will you have problems with debt,
you will also lose a chance for home loans, payday loans and automobile
loans.

Above all this, know your rights through the Fair Billing Act for Consumers.

- If someone stole your card and was used, you will not be legally
responsible for what happened. Just remember to immediately report this lost
card.

- If a certain good or service was ordered but was not received, what ever
was charged in your bill will be cancelled.

- If someone used your account without your authority you may also let this
be cancelled in your account.

- If there are any mistakes in your billing

No matter how young you maybe it is not an excuse to act like a kid. Act
conscientiously and maturely, know what will pull you down and what will
bring you up. Credit records are stuck to your name for a long period of
time. You shouldn't put any blemish in it. If you unluckily did try your
best to have it removed in your name.

Good credit records will aid you and allow you to be given loans for your
house, automobile and payday loans. Starting with your student card and
keeping it blemish free will give you more chances to use these loans at the
time you will need them. Isn't that neat? Clean record and better chances of
loans in the future. Cool.

About The Author: Sue Hunt has written many articles on the credit card
industry and is the webmaster of a website offering information regarding
credit cards. If you are are interested in learning more about credit cards
log onto http://www.searchcreditdeals.com