Ads of Credit Cards in Campus

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Monday, July 6th, 2009 Subscribe To Our Feed

One of the issues that is getting bigger these times is the Student Debt. Scarcity of jobs and rising expenses has forced students to use their credit cards to overcome financial hardships. In a recession, with few job openings and less cash available, credit cards provide an immediate financial assistance but pave way for a long road of debt.

In university, credit card promotions are every where. The primarybenefits aren’t even low interest rates or other credit card related issues. It is comical to think that university students of all people would fall into this trap. The reality is that a lot of students do get enticed by free pizza promotions, and for the sake of having a pizza, fill out credit card applications.

When I got my Chase Credit Card, I thought it would be 0% APR. After I received my first bill, I came to know that I was being charged an APR of 13.24%, which is very high. Since I already made a few mistakes, I had to be careful when it came to finances. I would usually pay off my entire credit card, instead of adding more debt.

Chase offers karma points as one of the incentives. As an incentive, Karma points offered by Chase are pretty useless. Karma points should not be an incentive when considering for a credit card. As I am active user of Chase’s online banking service, paying bills online is one the most important plus points for me. Paying chase credit bills is easy, and most people shouldn’t have a tough time paying online. What’s even better is that you can link your credit card account with your existing chase bank account. If you are being a responsible student, and managing your finances properly, you should see your credit limit being raised. Now, I am seeing when my credit limit will increase.

I am much more interested in having my credit score increased rather than having my credit limit increased. My credit I have, and the less debt I have on it, the better the chances of increasing your credit score. A higher credit limit is good for you credit score.

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