Choosing A Student Credit Card

Nearly all of the major credit card companies offer credit cards for students because, students are considered to be a very good credit risk. You will find as you grow older that credit card companies want to reach you at a very early stage in your spending career and turn you into a loyal customer. When trying to determine which credit card is best for you, look for a credit card company that offers...

• Low interest rates or finance charges
• Low or no annual fees
• A grace period (time during which no payments are due) before finance charges are levied
• Other benefits including purchase warranties, air miles, free gifts etc
• Also, remember to find out what the credit card's penalty policies are.
• Do not overlook credit cards available from credit unions on campus. These cards tend to have more consumer-friendly rates and fees.

Make sure to call customer service to determine which is the right credit card for you. Shop around. Credit card companies offer various short-term promotions offering low interest rates. However remember that these policies will eventually expire.

 

Read Part 3 Student Store Cards