How to Get the Best Student Credit Card
As a student, you need to worry about one thing — debt, especially credit card debt. Being in debt has become a way of life for a majority of Americans, and we begin young — you’re just out of high school and if you want to study any further, you need loans and have to begin thinking of repayment. In addition, there are other expenses as well like tuition, food, rent, and other incidental expenses. Only a student knows how difficult it can be to make ends meet.
And it is here that a student credit card is of immense help — if you are careful. These credit cards help you stretch your funds that little bit further. However, it is important that you find one with low interest and good terms, one that you can charge during the lean times and then pay it off when you’re making money on your summer job. To ensure that you get a credit card best suited to your needs, just follow my CBA route:
Compare: if you’ve been in college long enough, you know that credit card companies go to any extent to advertise their cards. You may even find fliers or applications around campus. If you don’t find it that way, just do a search online. Ensure that you look only for student credit cards. These cards usually have lower interest rates and are more lenient on credit score, credit history…
Best of the Pack: When you compare the various credit cards, you will realize that some of them have mind-blowing offers while others are just so-so. Avoid the so-so ones. For this, you will have to know a little more about credit cards like interest rates, and the like. Choose one with a low interest rate, a longer grace period low, late payment fee, and if possible, no annual fee.
Apply: Once you’ve zeroed in on your credit card choices, fill out the application. This can be done on paper, online or on the phone. Apart from basics like name, address, etc, you will also have to provide a permanent address and phone number.
September 21st, 2006 at 11:40 am
Nice post! It has all the relevant information for students seeking credit cards.
September 21st, 2006 at 11:42 am
Very good info. Keep up the good work. I hope to see more good posts from you in future.
October 17th, 2006 at 2:23 pm
great info. Student credit cards can help both high school and college students build up their credit history.It is important that they work with credit card companies specifically designed for the student’s mind. Also these student credit cards should aid in teaching them “financial responsibility”. Have a Super day!