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Marcus Ching

Business Administration at University at Buffalo

20 Sep 2021

∙

Tips/Advice/Potential Pitfalls to Avoid for Student Credit Cards

Hi everyone! Currently a uni student and have been thinking of getting a student credit card and was wondering if you guys would have any advice for someone starting out on credit.

I understand the importance of paying the credit card bills on time as well as not spending above my means (I’m doing this to improve credit score after all), but are there are lesser known tips, perhaps on how a student can maximise and utilise it best? Appreciate the help!

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Kenneth Lou

20 Sep 2021

Co-founder at Seedly

Rule 1: Always pay on time and In full!

Rule 2: Always follow rule 1

Everything else are just bells and whistles on top of this :) Welcome to a new world!

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Nicholas Beh

20 Sep 2021

Student Ambassador 2020/21 at Seedly

Don't spend for the purpose of getting credit card rewards.

Never carry a balance between bills.

Cancel your card before you graduate, so that you will regain new-to-bank status (~12 months after canceling) and become eligible for signup rewards.

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