Student credit cards can provide an excellent way to establish your credit. However, be sure to remember that maxing out your credit cards can provide a lot of headaches down the road. If you're going to use a credit card, be careful not to run up balances you can't repay. Another important thing to remember is that your credit card bill is your most important bill. Be sure to pay it on time every month. If you don't, you'll get penalized with high interest rates and your credit score will be damaged. |
1. What is the difference between a low APR and a 0% APR?
0% interest rates are temporary and generally last no more than 6 months. The low or ongoing APR is the rate that will determine how much interest you pay. The lower the APR, the better.
2. What factors should be taken into consideration when choosing a student credit card application?
The most important thing to look for in a student credit card offer is a low APR, as that will ultimately reduce the amount of money you spend on interest. Additionally, look for student cards that charge no annual fee, as that reduces the cost of borrowing money.
3. "Okay, I've got a student credit card, what do I need to do?"
Pay your bill on time, every time. A student credit card can really help build your credit history, but it can hurt if you neglect to make timely payments even just one time. This cannot be stressed enough. Always pay as much of your bill as possible and make your payments before they are due. |
*All student credit card application information is presented "as is" and without warranty and is subject to change. See student credit card offer applications for complete terms and conditions. All stated student credit card APRs are lowest available rates.You may be approved and offered a higher rate. Credit Card Depot Inc. attempts to maintain accurate information, but occasionally, a discrepancy may occur. |
