take a jump. Also, note that many companies offer introductory rates that can spike in a little as six months. Before you sign up for a card, take a close look at the interest rate, now and in the future.
Pay attention to your mail. The card company must warn consumers before any changes take effect. The card issuer must let you know about pending rate increases 45 days before the change happens and must also let you know you have the right to cancel your account. The company must also review the account every six months.
A credit card can help you get through lean times in college, but you’ll want to use it wisely. You don’t want to start post-school life with a big credit card debt, especially if you already have a student loan.
Even if you aren’t a business or finance major, credit cards will be one of your most important tests. To learn more information on business and finance on our Health Conditions tab on BlackDoctor.org.
SOURCES:
Students and Credit. Georgia Consumer Protection Unit. http://consumer.ga.gov/consumer-topics/students-and-credit
Using a Credit Card. Federal Trade Commission. https://www.consumer.ftc.gov/articles/0205-using-credit-card
Can a Card Issuer Consider My Age When Deciding Whether to Issue a Card to Me? Consumer Financial Protection Bureau. https://www.consumerfinance.gov/askcfpb/20/can-a-card-issuer-consider-my-age-when-deciding-whether-to-issue-a-credit-card-to-me.html