Use of Campus by Institutions to Advertise Student Credit Cards

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Use of Campus by Institutions to Advertise Student Credit Cards

Saturday, July 4th, 2009 Subscribe To Our Feed

The problems of Student Debt are getting bigger these days. Loss of jobs and rising expenses has forced students to use their credit cards to overcome financial hardships. In a recession, the ease with which the plastic provides college students with money eases their immediate financial burdens, but sets them up for a long road of debt.

When you are in college, you see credit card promotions just about everywhere. Most of the times, the credit card promotions do not even revolve around low interest rate or othersops related to the credit card. 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 seduced by free pizza advertisements, and for the sake of having a pizza, fill out credit card applications.

As my Capital One credit card had a 0% offer, I thought Chase Credit Card would have the same rate as well. When I got my first bill, I cam to know that my APR was 13.24%, which is too high. As I already made a wrong assumption regarding 0% interest, I started becoming careful when it came to finances. As such, I would pay off my credit card debt each month so that I won’t be burdened with too much debt right out of college.

Chase offers karma points as one of the incentives. Karma points offered by Chases are quite frankly useless. Don’t consider Karma points as an incentive when considering for chase student 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 not really interested in increasing my credit limit to spend more, but to rather to increase my credit score as it depends on Debt to Credit Ratio. Less debt you have on your credit card means a higher possible credit score. The more the credit limit you have, the better it is.

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