One of the biggest groups that credit card lenders target is the college students, which most of them have little to no credit. Credit card companies target college students because most college students find credit cards useful to help them get through the years of having little to no money, but what some college students don’t realize is that even being secured credit cards, if you are not careful it can ruin your credit.
Once your credit is ruined, it can take you years to repair it, so you want to make sure that you use the credit cards wisely if you do apply for them. Once your credit is ruined getting the things you want in life including mortgages with bad credit you can ruin your chances or cause yourself to pay high interest rates.
As a college student, something you need to keep in mind is that just because you are being offered all of the credit cards that doesn’t mean you have to apply for them. Most of the credit card offers that you are receiving are going to try to entice you into applying for the cards, but truth be told you don’t need to have twenty credit cards to survive college. Not to mention that the more credit cards you have the easier it is to get over your head in debt before you even have a job.
As a college student you are going to be treated to a variety of different offers, most of them sounding too good to be true. What you need to remember with these credit cards is that the introductory offers are designed to get you to apply for the credit card, once that period has worn off you will be faced with the regular rates, which can quickly rack up your debt.
Make sure that you thoroughly check out all credit card offers and only apply for one or two credit cards, and don’t use them unless you have too.