There are a lot of student credit cards offers floating around in the market. Coming from all kinds of financial institutions, these credit cards provide different benefits. Discover® Student Tropical Beach Card with its stunning designs and exceptional benefits stands out from the crowd. Why should a student start his financial life with Discover® Student Tropical Beach Card? Here are 3 unbeatable reasons:

1. Student life is where most of us start building our credit history. Imbibing good financial habits right from the student life keeps us in good books of credit rating agencies. Building credit history is key to a solid financial foundation, and no other card allows you to build your credit history like the Discover® Student Tropical Beach Card.

2. Discover® Student Tropical Beach Card helps the student save money on interest rates, annual fees. It gives a 0% Intro APR on purchases for 6 months, and has no annual fee. Since a student is just beginning his financial life and issues like credit card fraud, identity theft might bother him. Discover® Student Tropical Beach Card comes with $0 fraud liability guarantee and gives absolute peace of mind to its owner. Managing Discover® Student Tropical Beach Card accounts is a breeze because it offers Easiest Online Account Management Options. Almost all account related activities can be done online. This saves a lot of time which can be used to enjoy this golden life even more.

3. Spend as you save is the most popular benefit of Discover® Student Tropical Beach Card with it You’ll also earn 5% Cashback Bonus® on Get More purchases in popular categories that change four times a year like home, apparel and more* and up to 1% Cashback Bonus on all other purchases automatically*. Forget worrying about the expiry of rewards, because the unlimited cash rewards never expire as long as you use your Card. The credit card holder also has the option to DOUBLE his Cashback Bonus (turn $20 into $40) when you redeem for gift cards or certificates from many of our 70 brand name partners.

When looking at the advantages of having a credit card it is very easy to overlook the disadvantages and the possibility of the spiraling costs of items compared to waiting and paying for them once you have saved enough money to pay outright. Here area few of the basic disadvantages.

With a credit card comes the interest payments. Unless you pay off the total amount of your credit card each month (and chances are you won't) you will end up paying interest. This interest will mean that the cost of paying for items ends up being much more than they originally cost.

It is easier to buy on impulse. When you have the ability to pay for something there and then on the spot means that you are more likely to pay for something on your credit card. This means you are more likely to get into debt buying things that would normally be either too expensive or a luxury.

If you are late with your payments then you will pick up charges, the average late charge is $30 so imagine if you miss 3 payments by a day you will pick up $90 in charges. Doesn't matter if you owe $5000 or $50 you will pick up the full charge so always pay on time!

Annual fees are very common with credit cards which again can push up the cost of paying for items without you even realizing. There are some transaction fees that you will encounter when buying certain items but this varies from card to card.

Basically be very careful when you are applying for a credit card make sure you weigh up all sides of the argument for getting one.

Credit history and credit score if good can get us good loans and credit cards at better terms. We make a lot of efforts to remain in good books of credit rating agencies. But little things such as those listed in this article if not taken care can do serious damage to a person's credit history. Make sure you don't make these mistakes.

1. Not checking credit reports for wrong credit card charges can land you in serious trouble, and adversely affect your credit score. All this for only a simple fault that you didn't keep track of your expenses, false charges increased your monthly credit card bills, which you weren't able to repay and got a negative mark in credit report. Isn't that silly?

2. Procrastination, while paying bills ensures negative remarks in credit history. It's the credit cards with big outstanding balances which will hurt you the most in terms of interest rates, and if you keep on paying for credit cards with low balances and ignoring the bigger ones, you are doomed.

3. On a big buying spree you exhaust your credit card limits and max out. What will it do to your credit report? Simple, you will get a negative remark. Try spending less than 30% of your credit card limit and, it will keep you in good books of credit rating agencies. Go overboard, and there are penalties to be paid.

4. When you stay with a credit card for long and keep the accounts in good health it helps a lot in terms of building good credit history. Don't ever cancel that credit card, it will wipe out all the goodness. Remember old is gold. Cancelling new credit cards doesn't hurt much on credit history but doing that to an old credit card will invite a backlash.

5. Using a personal credit card for business expenses or vice versa will do no good for both cases. A business credit card will build business credit history and a personal credit card will help for personal credit history. Keeping these expenses different will ensure that right card builds the right credit history. Mixing up things will only increase the credit card debt without helping the cause.

Credit card agencies when find excessive default in repayments and debt burden increasing with their client, refer the matter to a credit collection agency. This agency specializes in recovering debts. The usual process is that the credit collection agency starts calling you about the debt and its recovery. Many people simply run away from such calls. But, this is certainly not the right way to tackle the situation. This article takes a look at simple steps that can save things from getting worse.

1. Don't avoid the credit collection agencies call. Respond to them and make sure they get the message that you intend to pay your debts.

2. Be polite in conversation with the credit collection agencies. Don't let things slip out of hands, and don't let them dominate things. If they abuse you tell them politely but in firm words that this is improper behavior and since you are co-operating with them in debt repayment rude things are not required.

3. Explain your situation clearly to the credit collection agency, what caused the debt, whether it was an emergency situation that took things out of hand or anything else. Tell them clearly and mention your existing financial situation. Ask them to lower interest rates, or provide all the help they can offer.

4. If you are waiting for any positive outcome in near future that could ease the debt burden, inform the credit collection agency about it. It could be a salary raise, some bonus, or any other monetary gain. When the credit rating agencies know it, they will certainly consider it.

5. If involved with a wrong agency which is not relenting in any way, tell them that you are going for a credit counseling and contact some reputable company which can get you out of the situation.

And don't forget do document every interaction with the credit collection agency. They can't threaten you and you always have a legal recourse if they do so. Keeping a record of things, and acting positively with the credit collection agency will drive things in your favor. The very fact that you are willing to repay the debt despite a bad situation will stand by you during testing times.