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Old 12-15-2007, 04:00 PM
Chris Brown Chris Brown is offline
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Default I have a student credit card with a $400 limit. Can I handle it?

I know that students have a tendency to abuse credit cards but since the limit is so low, can I handle it better?


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Old 12-15-2007, 04:00 PM
newjerseyguy newjerseyguy is offline
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You can. The question is: will you? Never charge more than you can pay in full, then you'll be fine.
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Old 12-15-2007, 04:01 PM
Honky Kong Honky Kong is offline
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Being as we don't know you, that's a bit of a difficult question to answer honestly. If you have an income, that'll make it easier.

The general rule of thumb is that unless it's an emergency, don't use the credit card on anything that won't be there when the bill arrives. For example, buying a round of drinks for everyone is a sure way to get yourself in bad debt.

And always, always pay on time. Even if it's a minimum payment, a late or missed payment not only hurts your credit score, but also gives the credit card company a reason to boost your interest rate through the roof.

Online payments through your bank's web site or the credit card company's web site is the safest way to make a payment. That way you have proof that you paid them. (If the postal service looses your check, how can you prove that you sent it?)
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Old 06-04-2008, 06:30 AM
sahilmiddha sahilmiddha is offline
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Default Re: I have a student credit card with a $400 limit. Can I handle it?

yes , you can handle it very easily it is not a difficult task which you not do it.
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