I know credit cards can be really bad, when they're used wrong. As students, though, you've got so many great opportunities for good student credit cards that offer outstanding rewards programs and reasonable interest rates, that if you just learn how to use the effectively, you can enjoy the freedom they give you and build your credit at the same time. Around the holidays, money can be a little tight, especially for the typical student who probably doesn't budget all year for the holiday season! Using a credit card to purchase gifts for family and friends is ok as long as you figure out how much you can afford to spend (and pay off in a reasonable amount of time). To do this, you'll want to create a budget.

Colleges all over the nation require a certain set of educational courses- regardless of what you plan to major in. Most universities require an English or writing course, a science, math and foreign language course as part of every course of study's major requirements. Probably another course to require of all students would be a basic financial management course. Unless a student has been taught personal finance and money management from their parents, college is often the first experience a student has with handling their own finances. Why do we assume a student has this knowledge without being taught?

When your child begins college, they are bombarded with any number of offers and good deals, but one that many students are particularly interested in is the student credit card. These credit cards, offered by most major credit card companies, provide a slightly different package of offers than mainstream credit cards. But the end result is the same - your student can use the cards for a wide variety of expenses and possibly even earn rewards or cash back bonuses.

When you apply for and are issued credit, your signature on the credit application acts as your acceptance of the terms set forth by the issuing financial institution. Even though it may seem that the issuer has the upper hand in all matters related to using the credit, that's not entirely true. You have certain rights, many of which are provided under the Fair Credit Billing Act. What's important when exercising these rights is ensuring that you take all required steps in the order and time frame specified. Let' start with the biggest credit problem, billing disputes.

A 529 plan is a savings plan that is used for saving towards future college costs, and offers a variety of tax-advantages over other forms of savings. It makes sense then, that families with children are opting to use credit cards with rewards that are tied into 529 plans. This style of rewards credit card is best used when the card owner uses the 529 rewards card to make all of their purchases, and then watches as the rebates drop into the 529-college savings account.

There's no shortage of resources available telling you why college students should not have credit cards. Indeed there are some very valid concerns about college students and credit cards which are address later in this article, but there are also a number of good reason parents should help their children obtain a credit card heading off to college. This article covers some of these reasons.

Almost all students have and use student credit cards. Some of the students use them wisely and build for them an early credit history but others accumulate lots of debts that would have to be paid off once the student life is over. Students that have a credit card should learn how to take charge and manage their own finances as soon as possible, because the time between teen years and adulthood is very short. So, the sooner a student starts managing his own financial matters the sooner he will develop useful financial skills. Student credit cards are no longer a privilege for wealthy students but now are considered a social entitlement.

That's the finding of Representative Jodi Tymeson of Iowa, along with a legislative committee that studied the impact of credit card companies marketing their products on college campuses.

Your Credit Network is proud to announce the addition of the Student Monogram Credit Card issued by Discover - the latest in our line of student credit cards. This blog entry will cover the basics of this credit card, as well as some comparisons to other credit cards in the student category.