Student Credit Cards
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Introrate 0.00%(9 Months) |
APR (purchases) 13.99% / 20.99% |
Annual fee $0.00 |
The Benefits of Student Credit Cards
There are numerous benefits to getting a student credit card. College is expensive and student credit cards provide easy access to credit and enable you to take care of things financially. You want to be careful with this approach as interest will accumulate if the balance is not paid in full every month.
The credit lines on student credit cards are relatively small and therefore an excellent way to learn about the responsibilities of financial management without the dangers of getting into serious credit card debt and at the same time you build credit history.
Look for cards that offer the best incentives on your most frequent purchases. The cash back can be as high as 5% depending on the type of purchase. Compare student credit cards and read through the terms and conditions to find the card that will give you the highest rewards.
There are also other benefits offered by the credit card companies. Avoid paying interest during the first 6 to 12 months with a 0% introductory rate on balance transfers and purchases. Most cards also include $0 fraud liability if your card should get lost or stolen. All these benefits often come with no annual fee and easy online account services.