Entry

How can one choose a good college student credit card?

Jan 9th, 2008 13:04
Ivan Rimsky, http://www.cardfusion.com/learningcenter/article50.php, http://www.creditcardmix.com

Choosing a good college student credit card should not be hard as long 
as one keeps in mind the reason for getting it.  In most cases this 
reason should be nothing else but establishing new credit history.  
College student credit cards, in a sense,  are just like the credit 
cards for bad credit: the terms are not so great, APR is somewhat 
high, and intro period usually will not exceed 6 months.  Therefore it 
does not leave much of a choice in terms of usage for such a card.  
The best practice would be to charge less and pay it off right away.  
Out of all said above the advice on picking the right college student 
credit card will be as follows:
Choose the card with the lowest APR, especially if there is a chance 
that you may not be able to pay off full amount of balance on the 
account every month. Otherwise some extra features may be considered 
as well, such as cash back and other rewards programs, discount at 
particular merchant locations and websites.  These feature should 
never be a priority over the low interest rate if you have the 
smallest doubt about your ability to pay off the card for. They will 
become incentives for you to spend more.  As a result, very soon you 
may find yourself deep in credit card debt.
Be wise making your choices. Good luck!
Note: Some of the best known credit cards online can be found at 
CreditCardMix.com and Cardfusion.com
http://www.creditcardmix.com/credit-card-category/student-credit-cards