Financial Literacy Month-BMO’s Tip of the Day: Savvy Students Pay Off Their …
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TORONTO, ONTARIO–(Marketwire – Nov. 26, 2012) – To mark Financial Literacy Month, BMO Bank of Montreal is releasing a series of financial tips throughout November. As part of BMO’s commitment to ‘Making Money Make Sense’, the tips are designed to help individuals and families save and manage their day-to-day finances more effectively.

BMO’s Tip of the Day: Savvy students know to pay off their credit card balance in full each month and take advantage of rewards and discounts to save money.

“When used responsibly, credit cards are a convenient and secure payment method that can save students time and money. According to BMO’s 2012 Student Survey, the majority of students are aware of this and get top grades when it comes to managing their credit card,” said Nick Mastromarco, Director, BMO Bank of Montreal. “Most students pay off their balances every month, track their spending, collect rewards and take advantage of the student discounts associated with their card.”

The no-fee BMO SPC MasterCard provides student cardholders with discounts of 10 per cent to 15 per cent at hundreds of fashion, food, entertainment and lifestyle retailers across Canada. It…………… continues on Stockhouse

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