NEW YORK (9/9/14)--A Fox Business article on being smart when using debit and credit cards on campus included tips from the Credit Union National Association's consumer education department.
The advice provided by CUNA's Michelle Dosher, market research and consumer education managing editor, echoed that which was offered by Consumer Action, US PIRG, myFICO and the National Consumer Law Center.
Students have many ways of tracking their purchases and receipts, including apps to personal finance management sites. Regardless of how they are tracked, they can hit your account at different times, Dosher said. She noted that some transactions may be deducted immediately while others may take days or weeks.
A student who has access to a parent's credit card needs be specific about when it's to be used. "It's your parent's credit that's on the line," she cautioned, adding that students and parents should talk about the why, when and where of credit card usage.
The Sept. 2 article also suggested students: