tag:blogger.com,1999:blog-8200328352405514504.post6115321102205183814..comments2024-01-04T23:47:31.242-08:00Comments on DrBoycePersonalFinance: Credit Card Issuers’ Last Stab at Hooking Your KidUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8200328352405514504.post-76993802043742799782009-09-14T11:52:03.557-07:002009-09-14T11:52:03.557-07:00Wow, I didn't even realize a law was enacted t...Wow, I didn't even realize a law was enacted to restrict students from getting credit cards under 21 years of age. As I look into my wallet, I truly can't believe how many credit cards I was allowed to get with limits up to $1,000. I use my credit cards primarily for clothing stores to purchase clothes with a discount (i.e. you receive 20% off if purchased with Macy's credit card). But once you actually look at the interest rate applied to the credit card that allowed you that 20% off your purchase, stores make more money from individuals who pay the minimum monthly payment and accumulate hefty interest (paying more in the end). The way I balance having credit cards as a student, who will be in serious debt by the end of my senior yea, is to pay the entire balance as soon as its due that way I can build a credit score yet protect myself from credit card debt. <br /><br />Posted by Lisa Matthysgroup6bhttps://www.blogger.com/profile/15344073419877324547noreply@blogger.com