Students are often prone to fall under huge credit card debts due to some common mistakes done with credit cards for students. Below are some of the common mistakes that students usually make with their student credit cards.
Students make many mistakes while choosing student credit card. For instance:
Instant sign up for the first card offer:
This is the most common mistake that most students tend to commit. As they step into college, they get many credit card offers from numerous credit firms. If you are not serious about this and just sign up for the first credit card offer, chances are more to lose those good offers coming after a while. Thus, wait and look out for some reasonable offers.
Often, students are attracted by a card offers that offer goodies such as t-shirts, video games, and DVDs. Always try to avoid committing this mistake. You need to understand that these goodies are just promotional offers that hardly ever resist. Hence, always sign up after comparing and reading the terms and conditions of at least three or four credit card companies thoroughly.