Students and credit cards

This is another interesting article from MoneySense regarding post-secondary students and credit cards. Some of their findings may surprise you!

From MoneySense:

Canada’s post-secondary students get an ‘A’ when it comes to credit card habits.

Nearly nine in 10 college and university students have a credit card and 65% use it regularly making 12 purchases a month on average. What’s more, 80% of them pay off their balance—in full—every month, according to an annual survey for BMO. Pretty impressive, especially when you consider the wider population was carrying on average $3,556 in credit card debt in the second quarter, TransUnion Canada data shows.

Read the full article here.

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Posted on September 6, 2013, in Personal Finance and tagged . Bookmark the permalink. Leave a comment.

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