i am a biology major in college and am looking for a credit card that will best suit me as i need to pay for certain fees. i have an income of appx $7000 per year from a part time job. what type or company of credit card would be best suited for me.
thanks for any help.
2006-11-06 16:29:00 · 8 answers · asked by apple blossum 2 in Business & Finance ➔ Credit
Go with a creditcard with low monthly interest rates, I would go with america express, they have low interest rates
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http://www.bestcreditrates.net
2006-11-07 11:48:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You should get a Chase card where you can earn back $ and gift cards when you use it. You can get one that doesn't have an annual fee and the interest rate isn't that bad. Be careful not to depend on the credit thinking that you will pay it off after you graduate. You really need to try to pay the thing off every month to preserve your credit and ensure that you don't go bankrupt eventually or have other credit problems in the future. I'd recommend not getting a credit card until you're out of college and then use one only for the sake of convenience never spending more on it than you can pay off in a month. Student loans, grants and scholarships are what you should depend on for these kinds of things - not credit. Remember - every penny you put on that card - is not for free and you will have to pay it eventually - the longer you wait the more it will hurt you in the end. Credit can be a monster - be careful.
2006-11-06 16:35:46 · answer #2 · answered by ? 6 · 0⤊ 0⤋
I'll give you the advice my father gave me: Some people think that credit cards are no good, but if you use them properly, you can make them work for you. You want to use a credit card *just like you would spend cash* and *pay off the balance every month*. (Note that if you use your credit card(s) like that, then the annual percentage rate doesn't really matter, but the *rewards* do.)
If you use your credit card(s) like that, then you're benefiting from the free "float" (short term loan during which your money can be earning interest in an interest-bearing checking account or money market account) and, more importantly, the *rewards*.
Cash back rewards are the best since you can use cash for anything (as opposed to airline miles rewards or hotel points rewards). A couple especially good rewards cards for college students are the mtvU card (I wish I could get that card!) and the Driver's Edge card.
You can see which of those cards (and several others) would pay you the most rewards by using the free rebate calculator tool at http://www.creditcardtuneup.com/ .
(Use the radio button to select the card type "Student".)
Different cards pay different rewards percentages in different spending categories (such as restaurants, gas, groceries, etc.). Sometimes it's worth it to get two cards and use each to its strengths. That Credit Card Tune-Up tool will tell you the best combination of two cards for your spending profile and tell you about how much more rewards you'll earn by managing two cards as opposed to just one. Then you can decide if the extra reward for using and managing an extra card is worth the hassle.
2006-11-09 14:33:26 · answer #3 · answered by moviegoer_j 3 · 0⤊ 0⤋
Okay, credit cards are dangerous things.
Rule one: never pay an annual fee
Rule two: never leave a balance on it
Rule three: insist on cash back or some kind of points
Rule four: you don't need more than one card in college, and probably no more than two if you are under 95 years of age.
If you take a credit card now and use it only for things you'd buy anyway (books, tuition, gasoline) and pay it off every month, AND PAY IT OFF EVERY MONTH TO AVOID INTEREST, it can build your credit so that when you graduate you've established credit, that's okay. But pay it off every month, because if you start interviewing with it maxed out, you'll take the first offer you get so you can pay the interest. In addition, if you graduate with a zero balance, that means you can go charge $1,000 for a suit of clothes to interview with that Wall Street firm and get a higher salary anyway.
Did I mention you need to pay the balance off each month?
2006-11-06 16:58:01 · answer #4 · answered by open4one 7 · 0⤊ 0⤋
760 is an A score and yes that's pretty good. It depends on what kind of rewards you want Chase has a 3% rewards card which I have but are you looking for travel miles? music downloads? gifts? Not sure which kinds of rewards your interested in. Try Chase Rewards... Better yet pay with cash...
2016-05-22 06:23:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
if you have to its up to you to visit your local area to see whats on offer, try barganing too. Although you, being a uni student, dont have much power their as you a high risk customer to them. Try and go for an interest free period card as this will allow for slip ups where you cant pay instantly and will hopefully avoid you paying too much in interest. However again i recomend that you dont get one, too much of a temptation. I know that i would hate the idea but try living of your parents, heaps of people do it.
2006-11-06 20:12:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
NONE! lol trust me. it'd be in your best interest to not get one. BUT, if you must, go to your bank first and ask to speak with the manager. credit unions are good for this. talk with your bank manager to see if they can get u good rates for a student card.
2006-11-06 16:37:23 · answer #7 · answered by casadienickole 3 · 0⤊ 0⤋
no credit card is good. but if you must go to your bank. or get a debit card where you can make debit purchases and credit purchases. its easier to keep up with, besides no money, no purchase
2006-11-06 16:41:39 · answer #8 · answered by chrisarea_99 3 · 0⤊ 0⤋