Thursday, October 22, 2009 @ 4:11 PM

Be A Responsible Student Mastercard Credit Card Holder

To finish college and to succeed in life is everyone’s dream, but before we harvest the fruits of our labor we have to make a lot of sacrifices and hardships to attain them all. The first step that you must do while in college aside from studying is to start building your financial future. Being a wise and educated student mastercard credit card holder is a good start in building a good credit standing. This is very important since having a good credit standing is your ticket to getting a good job, applying for a house or car loan, or even applying for a loan to start your own business. Your credit card is your partner in building your financial future as long as you know how to manage your accounts and expenditures.

A student mastercard credit card can be a valuable source on financial emergency especially in payment for tuition fees, buying things you need like groceries, gas, repairs of your car, and plane tickets when you are away from home and on your own. The best thing about having a student credit card is that they offer emergency cash whenever and wherever you are. It has no annual fee and with competitive interest rate which is very favorable to students because you will be advised to borrow only what you can afford and what is best for you to suit your lifestyle.

A student mastercard credit card provides convenience, security and value, which a student always needs such as online purchase, a student 24-hour protection against loss, theft or damage of items purchased with their Student MasterCard, a 24-hour roadside assistance at reasonable rates, compensation of items (including the items given as gifts) if the student shows proper reason, Carrier Travel Accident Insurance to the student cardholders, emergency cards and cash with one phone call, and many more.

Apparently, the most common mistakes made by student mastercard credit card holders are the lack of discipline and restraint. Most of them are overwhelmed by the desire to be free that they tend to forget to keep their budget in control and they end up with debts that they cannot afford to pay off. So as to avoid these mistakes be a wise spender, pay your bills on time and in full, and always check your financial report. But as long as you manage your credit card and use it in a mature and responsible way it could be a start of building a solid credit history for your financial future.

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