However, paying more than the current minimum amount due will reduce your balance. Late payment fees and other extra charges can and will increase your balance due. To avoid a late payment fee, mail your payment at least one week before the due date listed on your billing statement. Your credit card account is not like a student loan. You must pay as you use the card based on the term agreement.
Many cards don t have annual membership fees.
Again, your credit account is not a student loan. You must pay it off as you use your card. So your credit record will be looking good when you reach graduation day. There may be some questions you have that are not listed here. We welcome you to learn more by looking over our good credit management section.