College Student Credit Card Advice
Getting a college student credit card is a good way to start off your credit on the right path. If you find a good card with a low APR, and you pay off your credit cards every month, then it will be easy to get good credit.
At CreditCardAssociate.com we rate and review college student credit cards so you can find the one that's right for you. Let me start out by giving you some pointers on choosing a good college student credit card.
First off make sure you choose a card that has no annual fee. Even if you have no credit history or poor credit you should try to find a college student credit card that has no annual fee. If you have a card with an annual fee you are just wasting your money.
Another aspect you should look for is a low APR. APR is the interest rate you will pay on your purchases if you can't pay your balance in full every month. The lower the APR the less you will have to pay. You probably won't be able to find a college student credit card with a fixed APR. You will have to settle with a variable one, which means that the percentage rate on the APR fluctuates with the market.
If you already have a credit card with a high interest rate you might want to find a college student credit card that offers a 0% interest rate on transferred balances. This can save you some money and usually the 0% interest rate on transferred balances lasts for 6 months to 12 months so it can give you time to pay it off.
Some college student credit cards offer a rewards program. A rewards program is a little incentive you get for using the card. It's usually cash back where you get a percent of the purchase back.
A quick checklist of what you should look for when applying for a college student credit card
- No Annual Fee
- Low APR
- 0% Interest on Transferred Balances
- Rewards Program