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Wednesday, 7 March 2012

College Student Credit Cards

You will find that there are a lot of people that have mixed feelings about credit cards. To some they are horrible and something that they wish they never had and others love them due to all the benefits and perks they've received over the years. If you're a college student that is looking for your first or another credit card, here are some things you may want to look for.

Interest rate: First of all, you want to find a credit card that has a low interest rate. Anything under 15% is pretty good, especially for a student credit card. Anything higher, it may be a problem if you don't plan on paying off your bills in full each month. So, just to be on the safe side, compare all the interest rates and go with the one that has the best.

Fees: You will find that there are several fees on some cards. There are late payment fees, annual fees and fees for just about everything. Keep an eye out for these and make sure you're not getting yourself into a mess with getting a fee friendly card.

Rewards: There are credit cards out there with some great rewards. Whether you get cash back for every purchase you make or you get points for each dollar you spend, these are something you want to look out for. Don't get a credit card unless it has something to reward you. I've found that with my cards I get points for each dollar I spend, which means I can redeem them later on for gift cards or even money towards my monthly statement. This is something to always look forward to once you have enough to redeem!

Reviews: It's always good to get advice from other people. Find a credit card that other people like and recommend. If people are talking bad about it and tell you why you should avoid it, listen to them. Instead go with a card that is rewarding, has a low interest rate and one that people recommend. Reviews can be helpful when it comes to looking into just about everything.

There are several cards out there for college students. Although, it's important to find which ones are the best and which ones are the worst. Be sure to use your future card wisely, and to consider everything we've talked about above before you apply for it!

Tom Tessin is an author for www.findcollegecards.com that is geared toward students looking for a student credit card.

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