As the year comes to a close and the holidays swing back around, consumers will be looking for the best credit card offers to fund their holiday-time gifts. Whether you have great credit or you’re a struggling student with no credit at all, there are several options that can meet each consumer’s needs. If you have no credit, it’s important to know what to work towards. Students and newcomers also have a choice when it comes to establishing credit. Nevertheless, here are 2013’s best credit card offers of the year, and you don’t want to miss out..... Read More
Let's face it, no matter how much we try to save up, some holiday shopping is going to end up on credit cars. So which ones are the best credit cards for holiday shopping this year? Here are a few tips to make sure that you are getting the best deal possible. While store cards may offer no financing for a period of time, there is a catch. If you don't pay off the full amount by the end of the special financing period, you get hit with all of ... Read More
Student Credit Cards
Most students will be offered a credit card while attending college. College or student credit cards are a great way for your students to establish much needed credit. Most student cards offer low interest rates. It is very instrumental in teaching your young adult the importance of building credit. Learning how to use your student card wisely can be the hardest part.
The moment you step onto campus, students will be offered a variety of student cards to choose from. Things you should look for when becoming a student card holder. Though it will be tempting to have a couple different cards in your pocket it may be a good idea to use one at a time and gain the discipline and knowledge on how great a card works for you. Also, beware credit applications cause a drop in your credit score. Don’t risk lowering your score in an attempt to build or reestablish credit.
Look for introduction offers at 0% interest or low interest rates. Cash back rewards are great to. Earn rewards and redeem them for flight mileage or gift cards for thousands of stores restaurants shows, etc. Those rewards come in handy for spring breakers and for holiday gifts.
No annual fees. Most students will start off using the card for emergencies or necessities. Therefore if they are not using the card they do not want to tack on a fee for just holding the card in their wallet for reserve. Most card holders want small monthly payments. Making sure if they carry a balance on their credit card they do not exceed 30% of the credit limit. This will ensure they do not overextend themselves and can maintain payments on time. Find out the charges for late fees, cash advance fees and other fees. Other ways to avoid over the limit fees are to keep balances down. Your interest rates will stay down and do not opt in to have over the limit transactions go through. If you don’t have the money to spend then don’t dig yourself a hole by getting used to going over the limit.
Check our balances often and never let you card out of your site. Unfortunately credit card identity theft is one of the most common crimes. As a student the last thing you want to worry about is your credit being ruined before you can establish it. Take caution and do your research before taking the first credit card offer you see. You are about to become a responsible adult, start by establishing your credit.