What Is The Bst Credit Card For A College Student?

Question

no i'm not getting a credit card to go shopping, my mom taught me all about money management pus i have my own bank account. i want the card for emergencies. so i probaly will hardly ever use the card, but i want something that will help build my credit but low interest rates, and not one that will penalize me for not using it. (i heard some companies do that) also i have $2,300 in student loans if thatmakes a difference. or do you think i shouldn't get a card. why or why not SERIOUS answers only please, i don't need a lecture. and i'm 19 g

Answer 1

Just make sure that you read the fine print. I opened my credit card for 12.15% and the APR is now 10%, though I'd qualify for lower through another card, I don't find it to be necessary.

The student loans should mean that you have a credit history. If you have a credit union, try to get your credit card through them because they tend to have the best terms. You should probably use the card for a few small purchases each month instead of a debit card or cash and pay it off to start building a credit history.

Using a credit card doesn't make you irresponsible, but spending money you don't have (unless it's an emergency) does. Best of luck!

Answer 2

In today's academic world, most students need a college student credit card and the good news is that the offers for these are plentiful. Many creditors are very anxious to have the new college student apply for and get approved for a student credit card, because they realize that if they can strike up a good relationship with this customer at this young age, then it is highly likely that they will be their customer for life. And make no mistake about it, the credit card industry is making money hand over fist these days, especially since very few consumers pay their entire bill in full at the end of the month, so all those interest charges add up.

But the ease of getting a college student credit card is also the bad news because many college students have not yet learned responsible financial management. The temptations when a student is away from home, living in the dorm or an apartment, are tremendous – spending a little here to have a night out at the bar or dance club, spending a little there to chip in for a keg of beer, whipping out the plastic to get airline tickets (even though they are a great deal) for the spring break trip to Florida, and the list goes on.

What happens is that the student is tempted to view this as "free money" since there are not dollars bills floating out of his wallet at the time of the purchase, so it almost seems like they are getting something for "play money". But make no mistake about it, there is nothing fictional about the fact that this student has just racked up some charges on that college student credit card, and it will be a taste of stark reality when he starts to get calls from the credit card issuer asking for payments to be made on time. Read more about choosing a best credit card for college student at : http://www.credit-card-gallery.com/article/141,How_To_Decide_On_The_Right_Student_Credit_Card_For_You

Answer 3

Alot of banks offer such credit cards for people who are trying to build credit but they will not come with a low interest rate. But you have to give if you want to take. At my bank they have a college visa (only for studenst) for 14.9% and an opportunity visa (for anyone who wants to build credit) at 14.9%. These cards have a 25 day grace period, meaning if you pay off your balance in full within 25 days you will pay no interest, so the interest wont even matter. Not bad if you are wanting to build credit.

Answer 4

There are no good credit cards while you are in college due to all of the credit card companies want something from you for borrowing their money. Most cards also charge fees just for having the card every year. Please note the fine print on the application before you sign up.

Answer 5

" Go for a rewards Credit Card:

Reward credit cards reward you when you spend on the credit card. Normally, you can collect rewards through 3 ways.
* It involves earning cash back on the card, it depends on the amount you spend.
* Next one involves giving points to the customers. They can be redeemed for gifts like cosmetics, shoes, water heater, mobiles and other goodies which the credit card company offers.
* The last method of reward is providing airmiles. Airmiles are highly popular reward, as many customers like to redeem them for free flights or flight upgrades. Whatever type of reward credit card you opt for, carefully note the amount or rate at which rewards will accrue and also read carefully other terms and conditions."

Answer 6

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Answer 7

Capitol One....they are a great company! They will start you off low too.

Answer 8

go to myfico.com and it will help u pick a card for u