Do you know what would be the best type of card?
And what is a good APR?
2006-07-15 03:16:31 · 13 answers · asked by wku_cutie06 2 in Education & Reference ➔ Higher Education (University +)
The best credit card for a college student is one with a very low credit limit. That way, you can avoid the mountain of credit card debt that so many people have today. If you get one, use it only for emergency purchases.
A good APR these days is anything under 10%. A college student's probability of getting a card with such an APR though, is not high.
2006-07-15 03:32:03 · answer #1 · answered by blorgo 5 · 0⤊ 0⤋
Check with your current bank. Many offer credit cards specifically for college students. They usually have really low credit limits (like $500), and high interest rates though. However, it's a good way to start building credit, as long as you pay on time all the time, and not just the minimum.
Good Luck!
2006-07-15 03:23:40 · answer #2 · answered by gem 4 · 0⤊ 0⤋
Any card with no annual fee will be okay, but there are a number of cards with bonus plans which would be worth taking a look at. And the APR is -- or should be -- irrelevant, because you pay off the card balance each month. (At least, you do if you know what's good for you.)
2006-07-15 03:22:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Use a "debit card" with "POP", overdraft protection, that way you won't find yourself in debt. As far as APR if you are paying over 15% you should look into alternative financing. Good luck.
2006-07-15 03:20:29 · answer #4 · answered by doc 6 · 0⤊ 0⤋
Discover Card, cashe back and better rewards, but you need good credit, which I believe you dont because your a student, so ask your parents to give you one...
2006-07-15 03:19:55 · answer #5 · answered by travis 2 · 0⤊ 0⤋
don't start! I'm going into my fourth year of college and I already have three credit cards and in debt almost $3000 dollars. you always think that you can handle it, but unless you have rich parents who can pay the bill when you can't, you wont be able to.
2006-07-15 03:54:38 · answer #6 · answered by CrzyCatDC 2 · 0⤊ 0⤋
None do not do it, you will ruin your credit..stay away from the booths when you get to college, the free stuff will get you in trouble.
2006-07-15 03:20:41 · answer #7 · answered by not2smarttoday 2 · 0⤊ 0⤋
no credit card is the best awnser to having any.
2006-07-15 03:21:01 · answer #8 · answered by Vicdakota 1 · 0⤊ 0⤋
wow, you will have to shop around. Both Visa or Mastercard stands out, but you will have to look for a bank or C.U. that offers a low rate.
2006-07-15 04:58:40 · answer #9 · answered by David007 2 · 0⤊ 0⤋
NO CREDIT CARD AT ALL, they will get you into trouble!
2006-07-15 03:22:31 · answer #10 · answered by Anonymous · 0⤊ 0⤋