News & Tips

According to McBride, the cardinal rule for airline reward cards is to never carry a balance because the interest rates tend to be higher. This seemingly innocent fact translates into a rather alarming trend since convenient stores account for 75% of all gasoline sold nationally.

Then, a reward credit card becomes almost equivalent to a penalty card – which should be avoided at all costs. When it happens to you, calmly size up the situation and decide which route is best for you at that moment: a quick fix with your student credit card or a longer term solution with a low or no cost loan from the Bank of Mom and Dad or similar sources.