How Student Credit Cards Make Campus Life Easier
With every student having one or more credit cards to their name, it is important to understand how to use them best. This article covers the basics of how to apply as well as the how to manage a credit card wisely.
Costs and Charges
Because college students generally lack any kind of credit history, the charges and interest rates on student credit cards are usually higher.
There are ways to avoid this and get lower interest rates when applying for student credit cards. One way to do this is by having a co-signer on your credit card. That way, the two of you can use the card and also co-manage the payments. If your co-signer already has a credit history, especially if it is a good credit rating, that will work in your favor and help you get lower interest costs and charges on your credit card.
What is 6 Months 0% APR?
A six months 0% APR means that you will not be charged any interest on your credit card for the next six months. Usually this is a promotional offer to attract students to apply for a new credit card. It is important to read the fine print and find out how much interest you will be charged after the six months are over. Of course, usually only the initial costs of starting college life are high and once a student has settled in to his dorm and gotten his books, etc., the remainder of his living expenses are cheaper. Hopefully, by the time the six months 0% APR is over.
Advantages to Having a Credit Card
The advantages with having a credit card is that it makes so many things much easier for students, such as being able to rent an apartment, apply for a telephone line, etc. –All of these things become easier with a credit card because it proves that you have a credit history and are reliable.
Often, having a credit card is a requirement for renting an apartment and landlords might not rent to you if you do not have one. When all is said and done, having a credit card just makes one a more responsible, respectable person.
Getting the Credit Card that Suits You Best
Definitely no “one size fits all” applies to credit cards. So it does take some time and research to find out what is available and is also best suited for your particular situation and budget. Often you can find out a lot of information right online by doing a search on the major credit cards and what they offer students. Usually representatives from the major credit cards will also come to college campuses to explain the benefits of their particular credit card. However, applying online is usually the simplest and fastest way and might even benefit you with some discounts and special offers.
Make sure you do not treat your credit card like a toy and use it responsibly to avoid the pitfalls of credit card over-use.
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ABOUT THE AUTHOR
Joycelyn Crawford is the author of this article. For more information about Easy Loans for Bad Credit and Bad Credit Home Loans please visit her site http://www.easyloanforyou.com