Which is the best credit card for a student?

Question

what do I need to look for from credit card companies? what do I need to stay away from (ex: high interest rates). any advice is welcome

Answer 1

their parents credit cards

Answer 2

Seriously, pay cash for what you need and stay away from credit cards. It is to easy to spend money when you don't have it and put it on a card. If you get one card every company in the world will be sending you one. Credit card companies love college students. They know a lot of them will just call Daddy if they can't pay, but a lot of students can't do that. I have seen students facing years of credit card debt from their college years. This is above and beyond their student loans. Be careful. I know this did not answer your question but it is very sound advice.

Answer 3

A student card. Bank of america offers a student card with a low limit. The interest rates are high but would definitely help you to establish credit and if you are a student they will lend to you. Keep the card for at least 3 years, make your payments on time and hopefully in full and you'll have excellent credit when you graduate.

Answer 4

I think that if you can get away without a credit card as a student, you will be best served.

Just try to live on your means (your earnings or savings, etc.) while in school. After you get a real job and have higher earning potential you will be better able to face the payments.

It is too tempting for students to overspend on credit and then graduate from college with large debt.

Employers look at your credit nowadays and if you look like someone without good judgment, they may hire someone who is financially sound.

Be extra careful in using credit (not only as a student, but as an adult of any age).

I know -- I am a victim of my own impulses and now an financial sunk for many years to come....perhaps forever.....

Answer 5

Many banks and companies which offer student credit cards require the student to have a co-signer as their form of collateral or insurance. The co-signer must sign off on the credit card. If for whatever reason the student cannot make his or her payments; it would then fall on the co-signer to make the payments. Normally, a guardian or parent is the co-signer. They give the credit card companies piece of mind, that even if the student does not follow through with paying for debt, the co-signer will.

http://www.freeadstb.com/student_credit_card/

Answer 6

Your best credit card is none. If you're set on one, I would get a secure credit card where your spending limit is the cash you put into a special account. Example: you put $200 in the account, your credit limit is $200. You can still build credit, but can't go over your limit. Most companies offer these; try your bank.

Answer 7

The only good way to use credit cards is to pay off your balance every month. Then you can just reap the rewards of cards. Some of the best rewards cards for students are the Citi mtvU card and the Citi Driver's Edge card. Chase and Discover also have decent rewards cards for students.

To easily figure out which of those cards will pay you the most rewards for your spending profile, check out the rewards calculator at http://www.creditcardtuneup.com/?card_type=College+Student .

Answer 8

Why credit card companies issue credit cards to college students amazes me. Do not fall into this trap. If you are unable to meet the payments your credit will be tainted for years to come. Be smarter than they are. Good luck

Answer 9

my advice is that you stay away from credit cards altogether while a student....you will be way too tempted to buy, buy, buy and no matter how responsible anyone thinks they are at that age....chances are you will fall into the trap

Answer 10

I WOULDN'T SUGGEST GETTING ONE EITHER BUT MY EXPERIENCE HAS BEEN BEST WITH CAPITAL ONE VISA