If you have a child to college or if your child is college, here are some common sense advice about credit cards. Credit Cards accountability, responsibility and disclosure law in 2009 included new requirements that went into effect this year. These requirements make it harder for students to get credit cards, but the greater the likelihood that students will not go into a large credit card debt. The law also prevents the credit card companies from marketing on campus through free giveaways. By law, people under 21 can not get a credit card without a co-signer (usually a parent), unless they have already established credit.

Tip # 1:

Choose your card carefully among the offers you see. By Googling "student credit card, you will find a bewildering array of websites. Most are run by affiliate marketers who are not actually show you the best credit card for you, but a credit card that pays them the most money. So, all credit cards good sound, a bullet pointed features seem so similar. Instead, look for objective third-party web site that lists the lowest interest rates, or other factors may be taken into consideration when choosing a card.

Tip # 2

Read the fine print. Do not be fooled by the initial 0 in April financing, and other marketing promotions. Be careful as between April and financing for the purchase against cash advances. Purchases can be offered fair in April, to say 10-14%, but cash advances can be, and are probably much higher.

Tip # 3

Avoid waiting until the last minute to pay your credit card account. Late payments directly affect your credit score. This result was put together by the three major credit bureaus - Experian, TransUnion, Equifax in. You are entitled to one free credit report from each of these offices once a year. Your credit history sticks with you for many years. In a report, you'll find all the cards you may have, and any late bill payments you may have made​​. Missed payments will lower your credit score. Your credit score is what lenders look at when deciding whether to lend you money, let you rent an apartment, and more. Because you can pay online these days, there's no excuse not to in front of your monthly payment limit.

Tip # 4

Stay in your credit limit. Keep a cushion of available credit for emergencies, say at least twenty percent of your credit limit. more credits you have available, the more you show that you have the ability to restore your debts. This will help increase your credit score.

Tip # 5

Limit the number of cards under your name. more cards you have, the more you expose yourself to debt creation. It includes a department store charge cards. less card you have, it is easier to track your spending. You can just go to one or two places to look at your transaction history, and you can even download it in the online budget tracking sites such as Mint.com. Keep in mind that creditors will also be interpreted more than one application for many credit cards as a sign that you have financial problems.

Tip # 6

Pay your balance in full each month. If you can not do it, then at least pay enough to cover your expenses for a month. If you have debt, have a plan to bring it down or eliminated in a period of time, say one year. Avoid the "balance of creep ."

Tip # 7

If you move, let your credit card company know your new address immediately.

Tip # 8

Keep an eye on your card. Investigate any unusual activity that is not recognized immediately. Credit card companies can put a hold on your card, if they detect unusual patterns, such as purchases that suddenly gained in another country. No, do not depend on this service to prevent fraud. Set up online access to your account so you can log in every day and review the situation and demand.

Tip # 9

Protect your account number and personal identification numbers. Do not leave them lying about, and do not write your PIN on the back of your card or paper in your wallet or purse. Do not let others borrow your credit card.

Tip # 10:

Keep a list of all your card bills in a safe place, so if you lose your wallet or purse, you can quickly cancel all your cards. If you lose your card, or even think you May have lost it, do not wait long to call and report him missing. It's easy to have a new card issued to you, and costs nothing.

Well that's it. Ten tips for students about credit cards and maintain your personal finances in order.

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