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Ask Creditnet: How Student Credit Cards Affect Credit Scores

 student credit cards Dear Creditnet: I have nine years of credit-history and while my credit is "good", it's not "excellent". I'm currently interested in applying for a top-notch rewards credit card, but my chances of getting approved seem to be much higher if I apply for the student version of the card. So my question is will a student credit card have the same effect as a regular credit card on my credit score? And what about rebuilding my credit-history? Will a student credit card help improve my credit just as much as any other credit card?

How Credit Cards Protect Purchases

You already know about bonus travel miles and cash back rewards, but some credit card benefits stretch well beyond instant savings on a vacation getaway. Many credit cards include purchasing safeguards that protect against anything from rental car insurance to extended warranties. If you can't find your credit card policy or if you're confused by the jargon, call your bank or credit card provider to ask about the benefits you're entitled to. Taking the time to understand your credit card protection plan might determine when you use credit or cash on your next big purchase.

Dirty Money - Germs & Contaminants on Paper Currency

How many germs and contaminants are on money? A whopping 92% of all dollar bills have traces of cocaine, which bonds to green dye.

3 Things to Never Buy with a Credit Card

In the age of everything from constant Twitter updates to Wikileaks, it seems as if nothing is kept private anymore.  In fact, this lack of privacy is clearly apparent within the world of credit cards.  While most people would like to believe that how they spend their money is their own private information, in reality, big brother (AKA your credit card company) is always watching. That’s right; practically every purchase you make on your credit card is scrutinized by your credit issuer.  This is because credit card companies are constantly searching for patterns in spending histories that might shed some light on their customers' financial stability.

How to Get Rid of Debt and Keep Your Credit Cards

The bad news: you're up to your knuckles in debt. The good news: you can get out of debt. The better news: you don't have to destroy your credit cards! The slightly worse news: you still can't really use them.

Store Credit Cards Aren't for Everyone

Walk up to any department store checkout stand and you'll hear the same sales pitch: "Would you like to save 10% today by opening a Brand X credit card?" Experts say you should think twice before you answer.

Making Saving Sexy

As I was driving back from my recent vacation to North Carolina, I did something I’ve never done before—I bought a lottery ticket. The jackpot was $137 million and as I talked to the woman behind the register, I could tell she was amused by my clear naïveté in this venture. I chose my numbers, paid a dollar and got back on the road. I viewed the dollar I’d just handed over as, at worst, a donation to the state of North Carolina or, at best, the luckiest dollar I’d ever spent. My wife and I passed the next hour of driving discussing what we would do with the money if we won. Would I keep my job? How much would we give away? Would my friends and family judge me if I insisted on riding a gold Segway everywhere I went?

5 Money Management Myths

5 Money Management Myths
Money Management.

It can be the difference between living free from financial worries or scraping by from paycheck to paycheck. But there are several money management myths floating around that can act as roadblocks on your way to financial security.

Fear not, however, because we’re here to guide you through these myths and help establish a financial plan that’s right for you.

How to Shop Cyber Monday on a Dime

Okay, well you'll obviously spend more than a dime if you bust out the credit cards during this weekend of shopping bliss. But the object is to just save as much as you possibly can, right?

So if you were in too much of a turkey coma to hit the stores at 4 a.m. on Black Friday, don't fret—you can still redeem yourself today. Cyber Monday is in full swing and my inbox has been blowing up all day long with last-minute deals.

Why not skip out on that boring monday-afternoon meeting and take advantage of the best online bargains you'll find all year long? Get started by checking out the following 3 sites to not only help navigate all the madness, but also quickly cash in on some sweet Cyber Monday deals.

Why Bad Credit Happens to Good People

When people envision a person with bad credit, they may imagine a worn down casino dweller who has visited the wrong loan shark one or two many times.  But in reality, most people with bad credit are much more like the guy or girl next door. Bad credit can happen to normal, everyday Americans who have never made any life-destroying decisions or been careless with their money.

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