| Every year, college freshman are bombared
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| | limited period of time and then jack up
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| with offers for student credit cards.
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| | the interest rate to an exhorbitant level
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| Parents need to talk about in talking
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| | afterward. Always check out the interest
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| about the responsibilities that go with
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| | rate that will apply after the
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| having a credit card, before their son or
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| | introductory period.Another pitfall to
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| daughter goes off to college.I'm not
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| | avoid is paying only the minimum payment
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| suggesting that it's a bad idea for
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| | each month. Often, the minimum payment
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| college students to have their own credit
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| | only covers the interest for that month,
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| card. Actually, it has many benefits,
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| | and little or no money goes toward paying
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| but it is essential that they get the
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| | the principal. In that case, it may take
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| right card and use it carefully and
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| | decades to pay off the balance. In fact,
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| prudently.The benefits of a student
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| | if no money goes toward the principal,
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| credit card are clear. Parents won't
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| | the balance will never be paid off!Many
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| need to be continually sending money and
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| | credit card companies offer the ability
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| students will be able to make normal
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| | to manage the account online. This is a
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| purchases more easily. They will also be
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| | very convenient feature. Students can
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| prepared for unforseen "emergencies."
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| | check their balance or make payments from
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| Moreover, since most credit cards have a
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| | their checking account 24/7.This feature
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| preset spending limit, parents can be
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| | also allows parents to monitor the
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| sure that spending will remain within a
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| | account, even from thousands of miles
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| pretermined amount. Parents should
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| | away. This level of accountability adds
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| remember to request a relatively low
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| | an extra margin of safety and reduces the
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| spending limit, since credit card
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| | chances that the student will get into
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| companies are often too liberal in the
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| | trouble by over-using the credit card.Dr.
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| spending limits they assign to student
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| | Rubinstein is a practicing psychiatrist
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| credit cards.Parents may wish to have the
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| | and infopreneur.
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| student credit card used only for
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| | He helps people apply online for major
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| emergencies. In that case, this must be
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| | credit cards and has a very high success
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| made quite clear to the student.Some
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| | rate. You can email him at Dr.
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| credit card companies offer very low
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| | Rubinstein has over 100 web sites. To
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| "teaser" rates in the beginning for a
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| | find out more about ways Dr.
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