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Credit Card Standards - Essay Example

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Summary

The essay "Credit Card Standards" focuses on the critical analysis of the major issues in credit card standards. Credit cards started simple and standard, and each producer issued one card with one set of features. Credit cards come in multiple levels with different interest rates…

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Subject: Family & Consumer Science
Type: Essay
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 4
Author: verdiejaskolski

Extract of sample "Credit Card Standards"

A credit card can also be step number one toward the kind of debt that leads to collection calls and a sleepless night. Therefore, I have to make a wise decision to meet the above basic needs within the shortest time possible. As a student and a young adult, I want to establish a credit history.

Therefore, given a chance to decide on which credit card type to apply for, I will certainly go for a student credit card. This card will allow me as a student to use my time in college to build up credit so that once I graduate I will have a good credit foundation. A student credit card can be from the same institution to which I have access; I can check my account anytime. All my financial information is in one place, and payment becomes an easy task of transferring funds between accounts.

In addition, just like other credit cards, a student credit card reduces the need for me to carry cash and checks this, therefore, avoids the risk of losing them. If I make an unplanned, large purchase, a student credit allows me to buy it at once and settle later. It also allows me to spread the cost of a large payment over a long period. It also allows me to make purchases abroad without having to worry about local currency. Read More

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