Thursday, 12 January 2012

Student Credit Cards 101

Student Credit Card Applications 101. You're in college, and you're out to set up your credit future. You want to find a card that will not only build your credit history, but give you rewards, and make you feel good inside. That's great, and if you're looking for a card right now, I want you to take my little 101 class before you set out, and start attacking those applications online, because, sadly, many can mislead you.

Read the fine print: Many students don't do this. They see "0%" and "Rewards", and they sign up. They don't read the fine print to find out that the 0% lasts for 3 months, and you don't get rewards until you spend $5,000. Welcome to the wonderful world of getting you to sign up. You're not going to run out, and just purchase a house really quick, are you? Of course not! Read those tiny letters, and words, because they are there for a reason.

Know what you want: What do you want in a credit card? Before you start even searching, grab a pen, and write down what you need. Do you care about rewards? I would. Do you want a good interest rate? I don't, because remember, if you pay off in full, you don't owe on interest. It's a win-win for you. List the rewards you'd like, as well as what you'd like to see in your wallet.

Applying for a card isn't all that hard. As long as you can write down what you want, and know what you want, you should be able to find the perfect student card for your wallet.

Find a student card application

Thank you for reading and good luck...

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