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Here is the most impressing information about
rewards offered by chase credit card
Why student loans are better than credit cards
Why student loans are better than credit cards
You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options
-With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation.
-With a private loan, the interest rate will be slightly higher than with a federal loan but will still be lower than average. In addition, you will only need to make interest payments until after graduation.
-With a credit card, on the other hand, the interest rate can be as high as 21%. Interest begins accruing almost immediately, and you need to begin paying off the bill the next month.
This is not to say that credit cards do not have a place in your college life. It is good to have one national card (Visa, MasterCard, Discover) on hand to help you build a positive credit history and to provide security in emergencies. When you decide to apply for a card, compare annual fees, interest rates, and introductory offers. And to keep yourself out of debt, try to
-Pay your balance each month to avoid interest charges
-Pay your bill on time to avoid late charges
-Avoid cash advances, which come with large finance charges and interest that begins accruing immediately.
This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more on how Student loans are better than credit cards at http://www.NextStudent.com .
About the Author
My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.
More Useful Resource and Updates on rewards offered by chase credit card
- Sector Snap: Credit card stocks sink (AP via Yahoo! Finance)
Shares of credit card companies fell with the broader markets Monday, as a Citi analyst reduced his earnings outlook for Discover Financial Services and American Express Co., saying credit card loss rates continue to worsen.
- Man guilty of ID theft, credit card fraud (The Sacramento Bee)
A Sacramento man, Michael McCormick, 29, will be sentenced Dec. 12 after pleading guilty to running a scheme to steal identifications and commit credit card fraud.
- Stolen credit card used for gift cards in Cheshire (Republican-American)
Police are searching for a man they believe used a stolen credit card to buy thousands of dollars worth of gift cards at Rite-Aid stores in several area towns.
- David Jones launches Amex credit card (The West Australian)
Luxury brands retailer David Jones Ltd Tuesday launched its David Jones American Express co-branded credit card and believes its loyal customer will embrace the initiative.
- Lenders Lower Credit-Card Limits (WallStreet Journal via Yahoo! Finance)
It's not just your portfolio that may be shrinking during these turbulent times. The spending limit on your credit card may be heading south as well.
- Thieves Raise Credit Card Bills With Stolen Checks (CBS4 Miami)
Talk about a shock; opening your credit card bill only to find somebody's been running up your account without your knowledge. It's all because many companies are sending convenience checks in the mail. Those checks are becoming inconvenient as they become a target for greedy robbers.
- Casino Employee Arrested For Misusing Company Credit Card (WAPT Jackson)
A casino employee was arrested for allegedly using a company credit card to charge nearly $4,000 in gasoline.
- Will rescue failure hurt credit card purchases? (Greenwich Time)
The House's defeat of the government financial bailout plan and the country's ongoing financial crisis may soon mean your credit card won't work at the supermarket, department store or ATM.
- No bailout = higher credit card, mortgage rates (St. Louis Business Journal)
Without a $700 billion bailout of the financial market, everyone will experience a tightening of credit and an increase in mortgage and credit card rates, experts say.
- Oswego credit card phone scam returns (The Beacon News)
A phone scam which was first identified in Oswego in January has resurfaced in the community, Oswego police said. Police said customers of several local banks have received automated phone calls from bank security departments asking them to call (909) 885-3883 to activate their credit card.
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