Pros and Cons of Secured Student Credit Cards

August 23rd, 2011 by admin

Many college, and even high school, students have a need for carrying a credit card. Often, however, these students are not yet financially responsible for themselves and still rely on their parents to help take care of their financial responsibilities. Therefore, secured student credit cards may be a great option for parents with children who are still in school. Nonetheless, the pros and cons of secured student credit cards need to weighed in order to determine if they are the right choice for you.

Pro: Secured Student Credit Cards Allow You to Monitor Spending

Secured credit cards are different from traditional credit cards in that you put funds on the credit card ahead of time. Therefore, the only money that is spent with the card is the money that is put on to it. In other words, a line of credit is not extended. Therefore, you don’t have to worry about your child creating a humongous debt that you have to pay for.

In addition to preventing your child from going into debt, a secured student credit card also allows you to set your child up with an allowance. You can determine how much money you want to give your child to spend each month and you deposit the money onto the card. Depositing money onto these cards is easy. You can set it up so that a portion of your check is deposited onto the credit card each payday. Or, you can send money to the credit card company or deposit the money at select locations. This makes it much easier to get money to your child quickly if needed.

Con: Secured Student Credit Cards have a Number of Associated Fees

Although secured student credit cards allow you to monitor your child’s spending habits, there are a number of fees associated with these guards. Generally, there is a fee to set the account up in the first place. Often, there are also annual fees and even monthly fees. In addition, each time you deposit money onto the card, you are usually assessed a small fee. All of these fees add up and can make the student credit card quite costly. Of course, these costs are still less then paying late fees or paying a large debt incurred with a line of credit.

Pro: Secured Student Credit Cards Provide Freedom and Flexibility

One of the best pros of credit cards for college students or high school students is that they allow your child to have the freedom and flexibility that is part of being a credit card holder. These cards do not look any different from traditional credit cards and are accepted at all of the same places. Therefore, your child can use the secured student credit card to purchases necessary items without having to ask you for it or making you have to go out and buy the item.

This is particularly helpful for college students when it comes to purchasing books and other school supplies, as the college may be located pretty far away from home. This makes it highly impractical for you to come to the school to make purchases for your child. Similarly, sending checks can take too long and can make your college student late in purchasing items he or she needs for school.

Pro: Secured Student Credit Cards Teach your Child Financial Responsibility

One of the best perks of a secured student credit card is that it starts your child down the road of financial responsibility. When you deposit money onto the card, your child has to learn how to responsibly use the money provided. In addition, most secured student credit cards report to credit bureaus, and the report will be in your child’s name. This helps to build a credit history for your child, which will make it easier for him or her to acquire loans or other credit cards in the future. Before applying for a card, however, make sure it does report to these bureaus in order to receive this added benefit.

For more information on student credit cards, Kim Stevens recommends that you visit CreditCardAssist.com.

How easy are student credit cards to get? Do u have to have a job?

Answer
First off, dont listen to anybody that says “dont get a credit card” In todays society it is crucial to have one so you can have a good FICO. And how will you buy a home without a line of credit?

Back to your question, my first credit card was with Credit One
www.creditonebank.com (Im pretty sure thats the URL)
I was just graduating high school and I didnt even have a job. They gave me a card with a $200 credit line. When you’ve never had established credit its harder than hell to apply. Try Credit One. I hope it works for you

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Avail a Student Loan without Fretting about Good Credit Score or a Cosigner

June 10th, 2011 by admin

 

The growing educational expenses have left the students no option than taking financial aid in some form or the other. Now although there are quite a number of various loan choices available for the students like federal loans and private loans. But the problem is most of these loans require you to have a good credit score which is a little difficult to manage while you are merely a college/university student. Nevertheless, this does not imply that there are no other ways left; in fact you can still manage to get hold of a student loan without even meeting the requirement for a co-signer. Wondering how? Well, take a look.

1.      The first step that you need to take in getting hold of a student loan that neither asks for a co-signer nor puts restriction for an outstanding credit score is to research well. See, there are Stafford and Perkin loan out there which do not ask you for maintaining a good credit score.

2.      Well, among some of the most vital steps towards getting yourself a student loan is to fill in the FAFSA (Free Application for Federal Student Aid). FAFSA is basically an indispensable step that will not just enable you to be considered for the student loans but in case you meet the criteria, it may land you grant amount. Plus often the data you provide in the FAFSA form can qualify you for even getting State financial aid.

3.      You can apply for Stafford loans. There are two basic types of Stafford loans, the subsidized one and the unsubsidized one. The former one is basically for those students who belong to low financial background and cannot afford to pay for the educational expenses. You may not get a hefty sum of money via these loans yet it will be better than a lot of options.

4.      You should apply for Perkin loans if you are encountering really terrible financial situations as these loans are meant to meet the needs of such students. These loans have 5% interest rate and an extensive period to clear up the loan as compared to the Stafford loan.

Private College Loans:

Normally private loans are the loans that you acquire from private lending institutes, like banks, credit unions etc. These loans usually need you to have a co-signer. Nevertheless, if you maintain a superb credit record or agree upon having high interest charges then you can avail a loan without a co-signer.

Getting a student loan without a co-signer isn’t something impossible actually there are many choices available for you. The best example is the easy access of federal loans that anyone can apply for without fretting about maintaining a good credit score or having a co-signer. Gift assistance and private loans though are beneficial but the former is hard to avail in any case and the latter is a little hard to acquire primarily without a co-signer.

 

For more information on student loans, check out our site Finance Frog

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What is a good credit score number?

I recently checked my credit score. It was a 741. Is this good, great, fair? How do I know?

Answer
This should explain it to you.

FICO scores from 300 to 850 and Vantage scores from 501 to 990.

Here is the breakdown for both systems.

Vantage Plus system scores from 501-990.
A-901-990
B-801-900
C-701-800
D-601-700
F-501-600

FICO system scores from 300-850.
Elite-740-& up
Prime-700-739
Preferred-660-699
Standard-625-659
Sub-prime-624-& under

FICO is the only one that matters since it’s the one that all major lenders look at.

So as you can see it depends on if your looking at a true FICO score or a Vantage plus score.

As far as what makes up credit scores it’s the following;
1. Payment history (longer the better) 35%
2. Time in bureau (longer the better) 15%
3. Types of credit (mix of credit cards & installment loans) 10%
4. New credit (new accounts and inquiries) 10%
5. Debt to credit ratio (lower the better) 30%

And just so you will know Experian only uses Vantage, Equifax only uses FICO and Transunion uses both depending of which type of credit report is requested of which there are 3. The standard that people get from The Internet, the auto enhanced which only car dealers and lenders see and the factual which only mortgage people see. The last two are not available to the general public.

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Bank of America Student Credit Card

June 10th, 2011 by admin

As a college or university student, you are often living away from your parents for the first time. You want to show your parents that they don’t have to worry about you. Many students are too proud to ask their parents for help. So what does a student do when they need to order something online? What about when renting a movie? A student needs a credit card to be independent from their parents.

One of the most popular student credit cards is the Bank of America Student Visa Platinum Plus Credit Card. Unlike most other student credit cards, a student doesn’t need a cosigner to apply for this Bank of America student credit card. They won’t need to ask their parents to put their credit at risk. In some cases, their parent’s bad credit could even prevent them from getting other student credit cards.

If you are going to college or university, you are planning your future. Part of that future may involve a house or car. To finance those things, the banks look at your credit history. The longer you have built your credit, the more the banks trust you. As a result, the banks will be willing to lend you more money with better interest rates. Even if you don’t use your credit card, getting a credit card at a young age can help you later in life.

The Bank of America Student Credit Card offers other conveniences such as:

Online Banking Service – easily access account activity, credit card balance and payment due date. Pay your credit card bill online for free too.

Total Security Protection – a free package of security features including: zero liability from unauthorized use, fraud monitoring, online protection and photo security. So you can even have your own photo on your credit card.

Purchase Replacement – provides repair or replacement for card purchases that are stolen or damaged within 90 days. Plus it doubles the warranty on card purchases with a US warranty of 1 year or less.

Travel and Emergency Assistance – offers various services including: medical referral assistance, legal referral assistance, pre-trip assistance, lost luggage assistance, emergency ticket replacement, prescription delivery, and emergency translation assistance.

Auto Rental Insurance – get car rental insurance automatically with your credit card. Without this card feature it could cost hundreds of dollars more to rent a vehicle.

You also get no annual fee, additional cards at no charge and cash advance checks at no charge. Few other student credit cards offer so much, especially with no annual fee. Although the Bank of America student credit card doesn’t offer a reward points system, it still is one of the best student credit cards available.

I am a student with NO credit. What credit cards will accept me?

i have no credit and I want to build good credit. I am 18, full time job and full time student. I have been applying for student credit cards with discovery and mastercard but they are all denying me. HOW DO YOU GET A CREDIT CARD WITH NO CREDIT?

Answer
Hi Krista,

Have you tried a student credit card? I did a quick google search, and found findcollegecards that has a decent sized list of cards that you can apply for. Try Citi Bank, or a bank like that to see if you get approved.

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Student Credit Card Offers Good or Bad

June 10th, 2011 by admin

Student credit card offers can be a wonderful way for college students to be introduced to the world of credit. With a student credit card they can buy things when they need to and learn how to manage debt successfully. But there are some good reasons to use student credit cards as well as some bad that are worth noting.

A student credit card is not for every student out there. Just like with other credit cards there are some people who should just never have one. For example, those that have trouble keeping themselves on a budget should probably avoid getting any kind of student credit cards. These cards can only lead to trouble in the wrong hands!

If on the other hand you are in college and you have proven to yourself that you are perfectly capable of managing debt and your finances then a college student credit card might be the best thing that has ever happened to you. With one of these student credit cards you will be able to buy food when you are in a pinch or pay to get your car repaired if something goes wrong with it. You know how fickle cars can be not to mention computers. Can you imagine how much trouble you would be in if your computer crashed? If you have a good student credit card you would not have to worry about it because you would have the money to get it fixed right away.

One of the best aspects of student credit cards and college student credit cards is the fact that they are very easy to get. All though in some cases this could be seen as a drawback. Many students are getting approved for these credit cards before they are responsible enough to be able to manage them wisely.

Even students who have no credit history or who have bad credit history have been able to get approved for college student credit cards. Other major credit cards would not even consider many of the candidates that student cards do which makes them perfect for those who want t use these cards to build or rebuild their credit history.

Did you know that you have to have a good credit history to buy a car or a home? If you have no history or poor history you could find yourself getting turned down for just about nay kind of loan out there and in this electronic age credit reports are being accessed for all kinds of other reasons as well. Many employers and landlords check to see what kind of credit rating you have before they give you the job or the place to live. They do this to see if you are a reliable person or not. That is why being able to get a student credit card is so important. You can use student credit cards as powerful tools when it comes to building up a credit report to be proud of.

If you get your student credit card and you then make all of your monthly payments on time every month then you will be in the perfect position to get approved for any other kind of important loan that you need in the future as well as other more beneficial credit cards. So start looking into college student credit cards today and see what a difference they can make in your life.

For more on student credit card offers, Robert Alan recommends that you visit CreditCardAssist.com

no credit approval on student cards?

i was told by someone that if you get a student credit card from chase bank theres no credit approval, kind of wondering if this is true or not?

Answer
No, that is not true, and the poster above me is also incorrect. There is no cash down on a student credit card……… Also, a student credit card is based upon credit score and income factors and debt to income ratio. There is more leniency due to the fact that it is a student card, but if you have terrible credit you probably wont get approved.

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Student Credit Cards 101 Building Your Credit

June 10th, 2011 by admin

If you are student who has just learned how to drive a car or is headed off to college, most of you may not have been given access to your parents’ credit cards. But college student credit cards may provide a solution for young people in need of credit anyway because building good credit with student credit cards may be more beneficial in the long run than borrowing your parent’s credit card. Believe it or not, getting a new student credit card in your name is relatively easy – even if you have minimal income, no co-signer and no credit history. To get your own student credit card, just follow these simple guidelines.

Get A Job

If you don’t already, consider part-time work around campus on in your neighborhood. It can be for only a few hours a week on campus. If you’re going to have your own student credit card, you’ll need to make payments on a monthly basis. Having your own checking and savings account at a local bank or credit union is also a good idea. Most banks have special student accounts that require a very little deposit to open. Establishing a history at the bank and accumulating some savings, will give you more opportunities for credit in the future.

Surf the Net

As a college student, you probably have been bombarded with offers for student credit cards. Maybe you’ve opened your mail to find a fake credit card inside with your name on it. Or, you’ve seen those annoying credit card applications that always fall out of your new textbooks. You may have also seen credit card representatives with booths set up on your campus giving away free t-shirts and hats to those who complete an application. Don’t take the first offer you get, shop around for the best value. The Internet is one of the best places to comparison shop for credit cards.

Read the Fine Print

Beware! Not all student credit cards are alike. Some may have really cool designs that you can pick, such as college logos, sports teams or graphics that act as an extension of your personality. But as the saying goes, ‘don’t judge a book by its cover.’ Although all college student credit cards provide you with cash in the form of plastic, they can vary greatly by a number of factors: credit line offered, annual percentage rates (APR), annual fees, late fees, cash advance fees, over-limit fees and special perks. APRs can vary from 0% to 29%; annual fees $0 – $50; late and over-limit fees can be as much as $30/month, each. Before you sign on the dotted line, carefully read the terms and conditions of the student credit card, especially the fine print. Pick the card that offers you the lowest APR and fees.

Use It (Wisely) Or Lose It

Many Americans, including college kids, are in debt over the heads. Before getting your student credit card, be sure to understand everything about credit. Credit cards make it easy, and tempting, to go on a spending spree. But spend more on your college student credit cards than you make you’ll quickly find yourself drowning in debt. High interest rates, late fees and over-the-limit fees can cause your monthly balance to get way out of control. If you can’t pay your bills, your credit history will be destroyed. Bad credit can keep you from getting student loans, buying a car, purchasing a home… even getting your dream job.

Once you have a job, a bank account, savings and an understanding of what credit is all about, you are ready for your first student credit card! If you’ve done your homework, then you can be confident that you will select the college student credit cards that will help you to establish your credit. Spend wisely and reap the benefits of a good credit history.

For more on student credit cards, Robert Alan recommends that you visit CreditCardAssist.com

Student credit cards?

Other than the discover student card, which credit cards will approve me since I have no/limited credit history and am a student? I applied for citi mtvu and got denied.

Answer
There are lot of banks in US that give away credit card to students. Now a days students can get credit card very easily by just filling up an online form. Also there are financial instituations that can give a student credit card.
More details on

www.creditcard4u.org

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Student Credit Card Mistakes

June 7th, 2011 by admin

Students are prone to get caught in credit card debt. Let’s take a closer look at the following mistakes that students make with their student credit cards.

Signing up for the first student credit card offer

As you enter college, you might receive a lot of credit card offers from different credit card issuers. If you’re not going to think about it carefully, you might just sign up for the first offer that you think sounds good enough for a credit card. It’s easy to get one enticed by a credit card offer. Most credit card companies make a lot of exciting promotions that may be hard to resist. However, if you’ll read the complete terms and conditions, you might be surprised to see that there are certain charges that are higher than expected.

To Sign or Not to Sign

To avoid signing up for the wrong credit card offer, don’t just read the best features of the credit card. Take the time to read the terms and conditions which can be found in the credit card’s website. This way, you’ll get to know about all the rates and charges that come with your credit card. Check out websites that give credit card reviews on different credit cards for students. These websites compile all possible student credit cards in the market, along with their main features in just one page. This will help you see what choices you have and compare them.

In addition, since this is your first time applying for a credit card, it will be better if you seek advice from your family or relatives who may know more about credit cards than you do. Better, you may seek assistance from a financial consultant who can give you an objective and informed opinion about the best student credit card.

Using up all your credit limit

Students are usually given a huge credit limit. But this does not mean that you can spend credit limit to the fullest. Bear in mind that you should keep your balances below 50% of your credit limit. Using up your entire credit limit on expenses has a negative impact on your credit report. Also, you’ll more likely have a hard time paying off your balances in time if you get in the habit of spending your credit limit to the maximum. This brings us to the next biggest mistake that students commit.

Not paying on time

The biggest mistake you can do on your student credit card is not paying your balances on time or skipping on your payments. Credit card companies can increase the rate of your APR, charge you with penalty fees and even take back your rewards and privileges. Worse, you might not be able to keep up with your credit. Incurred monthly balances are the most common cause why students get swamped with credit card debt.

Remember that owning a student credit card is your first step in establishing your credit history. You want to make a good credit report for yourself especially because an excellent credit status will be an enormous help for you when you finish college and enter the corporate world. So take your responsibilities on your student credit card seriously and avoid committing these mistakes.

Divine Linkletter is a credit analyst and a writer for Buildingcreditforstudents.com. She specializes in providing optimal solutions and advices to financial crisis especially to student credit and student credit card mistakes.
Copyright 2007
Building Credit for Students

How often do college students get approved for student credit cards?

Answer
As long as you prove that you can make some income, or you have a co-signer, it’s fairly simple. I looked at findcollegecards online, and they had stated that Citi Bank has the best approval rates when it comes to students in college.

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Bad Credit Signature Student Loans

June 6th, 2011 by admin

Bad Credit Signature Student Loans are so popular among the borrowers that borrows can easily apply for Bad Credit Signature Student Loans. No doubt Bad Credit Signature Student Loans are easy to avail. You are to apply online by filing an online application form and the cash will be in your account within few hours but the cash of Bad Credit Signature Student Loans is provided for the education to make it continue. Bad Credit Signature Student Loans are easy to found. You have a good option to borrow enough to cover all of your education costs. The application process of Bad Credit Signature Student Loans is very easy and affordable. You are to search over internet and you will find many lenders who are ready to provide you Bad Credit Signature Student Loans with easy terms and the conditions. But you must read the terms and conditions of the selected lender carefully after then apply for Bad Credit Signature Student Loans. You are to apply online by filling an online application form and few details about your age, education proof and so on. After filling the application form the cash will be in your account within few hours. To speed up the process you can even sign the application for Bad Credit Signature Student Loans electronically. There are few requirements before applying for the Bad Credit Signature Student Loans. You need to meet specific credit criteria which mean you can’t currently have any loans in default when you apply for Bad Credit Signature Student Loans. You should also have good academic standing. For international students they will need a cosigner for a Bad Credit Signature Student Loans that is a U.S. citizen or permanent resident. Both permanent residents and foreign students will need to have their proper CIS documentation. Although you should consider the benefits of Bad Credit Signature Student Loans and see if it is something you want to sign for. Bad Credit Signature Student Loans has many benefits you should consider when looking at your Bad Credit Signature Student Loans. Bad Credit Signature Student Loans come with a very high rate of approval. You can have lower interest rates by having cosigners and after twenty-four on time principal and interest payments your cosigner will be removed from credit obligation. Bad Credit Signature Student Loans come with high amounts so you will have no trouble getting enough money to pay for all your college needs. Bad Credit Signature Student Loans are quick and easy to apply for through an online process. You also have an added convenience when you can manage all your Bad Credit Signature Student Loans through one monthly payment.

Kevin Dsilwa has done his master in finance and now he is an expert in finance and insurance at signature loans no credit .com. he is also a consultant and known as an expert to solve the financial problems. To find any type of signature loans visit

http://www.badcreditsignatureloansz.com

Is there a good loan for people with low credit or bad credit?

I have a low credit score. Most my bad credit is old credit. I have a bunch of little loans from finance companies, but they charge really high interest rates. I would like to get a loan for about $5000 to $6000 to pay these off and have one payment that would be lower.

Answer
Perhaps you can get one of those credit cards that charge no interest for the first 12 months?

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The Basics of Student Credit Cards

June 4th, 2011 by admin

Credit card companies consider students that are loyal and good customers, as they tend to upgrade the credit cards when the need arises to do so and the students are supposed to keep the credit cards for a longer period. Hence student credit card offers are found in every nook and corner of the college campus, social gatherings, through their emails and even in the book stores. These facts make the availability of credit cards to students within easy reach. Also the fact is that the students do not have a steady source of income making them go for a credit card. This is to the benefit of the credit card companies as they get more income on late payment dues and penalties, interest for the credit card balance which is not paid, annual fees etc All the above facts make the students the best customers for the credit card issuing companies.

For the students, it is of utmost necessity to own at least one credit card, as it is very much needed during the college days. The students need to spend for renting a car, buy books, for medical expenses, for entertaining his friends and for himself. Also the student starts to manage his own financial matters. Student-life owning a credit card prepares him into a seasoned adult as he learns to take control of his life and it makes it easy to create a credit history at the early stages. Credit scoring is done based on the happening to the accounts whether it is a late payment, or bill paying history, or number and type of accounts he is holding, the outstanding amount of debt etc. Once the student achieves a good credit score it makes him eligible for a house or car loan, insurance coverage and may even fetch a reputed financial job and so on.

It is very easy to obtain a student credit card but care needs to be taken in choosing the best credit card, it can be achieved by taking advice from fellow students who have already got a credit card and it is advised to go for a credit card with no annual fee and the option to customize the amount to be spent using it.

Students need to be careful in monitoring the amount charged by the credit card issuer at the end of every month and also the interest charged on it. It is advised to clear of the debt balance as soon as possible to avoid the levy of interest on the debt, if not fully at least the minimum possible. As a student, he should take extra caution not to provide information regarding his credit card to anyone through phone or by email as it might lead to malpractices. Since the credit history is involved, the student credit cards need to be handled in a wise manner.

It brings in the discipline of paying the bills on time, either in full or part by part in order to get a good credit history and score points.

N. Sai is an expert in finance. He regularly contributes to web guides http://www.cashguru.info and http://www.debteraserzone.com

Hi I was wondering how I can apply for a credit card or what companies offer student credit cards?

I’m a freshman in college going to be a sophomore and I think I might need some other source of emergency money can someone help me understand this and how I could apply for one, Much appreciated

Answer
Go to your hometown bank. MANY of them have student credit card programs. The limit will be low, but if you take care of business and dont miss payments, they will increase you limit AND give you a good mark on your credit score.

Start slow and take baby steps. Do NOT put your parents names on the account, and you’ll get the full benefit from it….

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Student Loans Poor Bad Credit No Cosigner Make Easy Your Study

June 4th, 2011 by admin

Bad Credit Loans – Government Grants – Public Records

Debt Grant Loans Are Available. Bad Credit Personal Loans, Gov Grants, Foreclosures, Unclaimed Money, Scholarships, Student Loan Debts, Bankruptcy Help, Online Auctions, Public Records Background Checks & More! Affiliates Earn 50%! High Conversion Rates more info…

BAD Credit???

2 years ago i opened a bank account in my moms name because i was only 17 but a couple of months after opening the account i went into $700 debt!! :[ i still havent paid it off because iM broke!! i know i have bad credit && i really dont care right now but my question is DOES MY MOM HAVE BAD CREDIT now since she was the co signer????

Answer
If your mother nor you,,,,, have been making the payments on this debt, then YES, your mother's credit is bad.
( A question is How BAd has this made your mother's credit...which noone on yahoo! answers can really tell you)
When someone co signs a loan for you, and you don't pay, the lender (bank) looks to the co signer to pay. If the co signer doesn't pay, the co signers credit gets BAD because of it.
The Lesson to be Learned: For the REst of your Life, Do not EVER co-sign a loan for ANYONE !!!!!

Tweet: Easy Pay Day Loan Online Mortgage Loans Credit Cards & Loans Bad ... http://bit.ly/jwasCf
Author:LishaArnette (Tobias Arnette)
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How to Choose the Best Student Credit Card

June 1st, 2011 by admin

Choosing the best student credit card certainly doesn’t have to be a complicated process. Sure, there are a few things every applicant should keep in mind, but most of the credit card offers made available to college students these days are pretty decent. So how do you choose the best student credit card?

It’s not all About Free T-Shirts!

If you take one thing away from reading this article, please make it this piece of advice – don’t choose a student credit card solely on fact that they’re giving away a free t-shirt or other trinket to those that sign up. That’s a really major “gotcha” right there. The key to choosing the best student credit card is actually comparing several good deals side by side in order to make the most educated decision on what is best for you and your finances. Signing up for any old card because of a silly freebee just won’t do.

Investigate the Interest Rate.

Hopefully, you’ll be able to pay off the balance in full every month on your new student credit card. If this is the case, you’ll never need to even worry about the interest rate. But in the real world, the notion of never carrying a balance is sort of unrealistic. Average student cards frequently come with high APR’s in the 20 percent plus range – that’s a real ouch factor. If you expect to carry a balance from time to time, know the best student credit cards will beat that interest rate substantially.

Rewards are a Great Bonus.

As long as you’re swiping that credit card, you might as well get some payback for it, right? Well that’s exactly what you can expect with the best student credit cards – those that offer rewards programs. Look for rewards that best suit your own needs. Common credit card rewards give you a percentage of each and every purchase back in the form of cash, airline miles, gas rebates, or other desirable merchandise. Those rewards really add up fast for typical students who purchase college books and pay for other school related expenses with their student rewards credit card.

Avoid the Annual Fee.

Charging annual fees is a fairly common practice for credit cards geared towards students. If you’re getting good rewards and a decent interest rate, there’s not much shame in paying a minimal annual fee (such as $20 per year). But do read the fine print first and avoid cards that charge excessive annual fees just to be a cardholder. You can do better. Credit card companies are always looking to attract lifelong customers from the student demographic group. The very best student credit cards appreciate this fact and will have no annual fee at all.

So rest assured, you’ll find the perfect card to fit all of your needs in little or no time at all. Just do the research and card comparisons and you’ll be well on your way to choosing the best student credit card possible!

Compare the best student credit card applications at CollegeStudentCreditCards.net Also earn free flights with the best air miles credit cards or get free gas with the best gas reward credit cards.

How can I get a student credit card even if I don’t have a job? is it possible?

I’m going to be a fresman in college and I want to get a student credit card for emergency things. i’m not going to go wacko with it, i’m really good with money. Anyway I was supposedly pre approved for this discover student credit card, but i got a letter in the mail which said i wasn’t. Anyway, are there any reliable credit cards out there that i can get even if i don’t or never had a job???

Answer
Yes, you can get student credit cards even if you don’t have a job. A couple of the best ones are the Citi mtvU card and the Citi Driver’s Edge for Students.

Since you’re disciplined with money, you should probably consider this strategy:
1. Get the best rewards card for your normal spending habits.
2. Funnel most/all of your normal spending through your card.
3. Pay your balance in full each month.

If you do that then you’ll:
1. Build your credit quickly.
2. Avoid interest.
3. Earn rewards!

The only question is: Which student rewards card will pay you the most for your normal spending pattern?

To determine that quickly, you can use this credit card rewards calculator for student credit cards:

http://www.creditcardtuneup.com/?card_type=College+Student

Note that the Citi mtvU and Citi Driver’s Edge for Students cards are good for pretty different spending profiles, so the calculator can help you out.

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