First, make sure you know and understand the terms of the card you received. We hope you look around for the best rates and were able to make a big interest, with little or no annualfee and receive a flexible monthly payment. After obtaining the credit card, there are some habits that you have set for themselves last to build a solid credit history. You really should refrain from using your credit card unless absolutely necessary and you should never spend more than they can afford to repay. For example, if you have a nice dress (in every favorite store), which can be bought for $ 50, you need to crunch the numbers to be absolutely sure that can really afford to buy it. Let’s look at what the funding would cost, at an annual rate of 23% and a minimum benefit calculated at 3% per month. It could take three months to pay 50.00 for a total cost of only about $ 1.
However, if you have additional purchases during the month, a pizza for $ 15, a pair of shoes for $ 45 and $ 120 for groceries to say, you now have a balance of € 230. More than 3 months the same will still spend $ 76 spread over 31 months if you pay only the minimum balance (say $ 10 or 3%) and no additional purchases. Credit really costs, students should think carefully consider when and how a student credit card to make purchases.
Set a budget and stick to afford financial decisions good credit. It is also advised to try to pay your balance in full each month. Be careful attention to your billing date late payments will result in late fees. Watch your spending and keep accurate records, so you do not go beyond the border, that will cost you more money in taxes and penalties
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