Cheryl Winokur-Munk
speaker
1,406 appearances
26 recordings
2 series
first heard Apr 2019
last heard Jun 2025
Cheryl Winokur-Munk’s voice in public audio — every appearance, attributed to the second.
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But you can still, if you have income, potentially get a credit card geared for someone in your age bracket, and they also could have no foreign transaction fees.
If you're going to spend a year studying abroad, just make sure that the card that you get has no foreign transaction fees.
It really depends on the card company.
You're going to want to look at that too.
Many of them don't.
There are plenty of offerings that don't have an annual fee.
Don't do it.
I know that sounds flip, but it's really easy to get in over your head in debt if you're not careful.
So let's say you have a limit of $1,000 on a card.
Assuming your parents are paying the big bills like tuition, it's a pretty big limit for a student.
And the risk of taking out additional cards is that you view that extra $200, $300, $500, whatever that limit is, as extra cash, which it's not.
So just because you have a certain limit doesn't mean you should be spending up to that limit.
And in fact, for credit reporting reasons, you actually don't want to keep spending.
You want to keep that spending much lower than the limit you're offered.
Well, it can be really damaging, especially if you don't catch up quickly, and it can really spiral.
The other thing to consider is that student cards can have an interest rate in the range of 18% to 30%.
So let's say you max out the card at $1,000, it's not just 1,000 anymore, it's that percentage, and it compounds, and that can quickly balloon.
If students think of a credit card as a convenient way to pay instead of cash, but only use it for purchases you know you have the cash to afford,
it really can go a long way in helping you develop sound financial habits.
WSJ Your Money Briefing · Adulting 101: Understanding Your First Professional Paycheck · 26 Jun 2024
podcast
Well, companies send benefits booklets that explain the benefits available.
Showing 41–60 of 1,406 · page 3 of 71
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