There are many credit cards that you can choose. For a college student, you’d better choose one from college student credit cards, which reflect your lifestyle and ideal spending amounts. How to choose the Best College Student Credit Cards?
1. A good college student credit card should be universally accepted. Credit types such as Visa and MasterCard are more widely accepted than lesser known credit cards.
2. The student credit card also needs to be low cost, and it can increase credit of the student. So you want to always choose a student credit card that offers you low introductory rates. This means to look for cards that have a 0% APR so don’t have to pay interest on your account for the first few months (most introductory APR’s are for 3-6 months).
3. You also want a card with a 0% balance transfer fee because then you can transfer any other outstanding debts from other credit cards for free.
4. You might have no yearly fee when you first sign up with your student credit card, but after a few months you could be charged as much as $50 to keep your account active. Always look for credit cards that carry no yearly fee.
5. Another important thing to look at when choosing your student credit card is the incentives. There are several cards out there that will give you incentives, such as reward points and even cash back with purchases that you can use towards paying back what you owe. There are several incentives out there with credit cards, all you have to do is look around and compare.
6. If you are going to travel, study or work abroad, you want to choose a credit card that offers the best exchange rates and card features. Some student credit cards have the services that are available to international travelers. Check for services such as a 24-hour collect number, online account verification, purchase protection against fraudulent charges and international shipping for lost or damaged cards.
If you are looking for the best possible deal and the best company for your student credit card, you’ll obviously need to look around at what you have to choose from and what works best for you.
With a credit card, you’ll also need to think about the payments. To avoid credit debt, you need to pay the balance in full each month.
The key area you’ll need to look at and compare is the APR (Annual Percentage Rate). The APR is what you will pay on what you purchase when the incentive period runs out. APR rates will vary among credit cards, so it is always in your best interest to compare and shop around. The lower APR rate you get, the better off you’ll be.
A good credit card for college student should be designed for college student. It should have no annual fee. You can apply the card online or go to a branch office of the bank. The student can earn cash back rewards and there is no limit on the amount of rewards.
When you make that final decision and choose your Best College Student Credit Cards, you should always make sure that you know exactly what you are getting. Credit cards are great to have, although they can lead to a downfall if you don’t choose them carefully. If you put some time and research into choosing your student credit card, you’ll find the best one for you. As long as you take care of your credit card and pay the bill on time, you’ll help raise your credit score and eventually be able to purchase even bigger things – such as a car or even a house.