Best Student Credit Cards – Not All Credit Cards For Students Are Created Equal

What are the best student credit cards foryou to use while in college? Finding the right cards during this time of your life is veryimportant, as you probably don't have a lot of cash flow coming in.

Finding the rightone can be a challenge, as more and more companies are targeting this crowd, and for good reason.

Students represent a huge percentage of the population, so credit card companies are eagerto capture this market.

The thing you need to be wary of is that most companies willlure college students in with a very low initial interest rate, which goes up dramaticallywhen the initial period ends.

Often times, these rates can be in the high teens, andseven over twenty percent in some cases, so be very careful and always read the fine print.

Typically, the top student credit cards exhibitan interest rate around fifteen percent, sometimes more, sometimes less.

However, this is a goodrule of thumb to look for.

Make sure you find a credit card with a consistent rate, versusone that starts out low but goes up very quickly.

You need to understand that you will definitelypay a higher interest rate as a student versus an adult, simply because of your young ageand un-established line of credit.

You pose more risk to the credit card company, andthere's simply no avoiding this.

However, when you search around, you can find reasonablerates, if you look hard enough.

I'd recommend you go online at first, where you can quicklyand easily compare 10-20 credit cards in an hour or less, and be approved within minutes.

The bottom line is, getting credit cards ata young age is definitely highly recommend, although many people disagree.

You want tobegin establishing credit as quickly as possible, and the only way to do this is with creditcards, of course.

Try and make as many purchases with a credit card as possible, as not onlydoes this help you establish credit, but is much more convenient than lugging around casheverywhere you go.

Hopefully this info will help you find the best student credit cardsas quickly as possible.

Source: Youtube

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