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!
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.