I’m a 19-year-old student. I have no credit. I... - Student Credit Cards Questions


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Credit Card Applications » Questions » User Questions » Student Credit Cards » I’m a 19-year-old student. I have no credit. I want to establish and begin building my...

I’m a 19-year-old student. I have no credit. I want to establish and begin building my credit profile. What is the first step I should take? I have a Wells Fargo debit card. Should I apply for a credit card through my bank or can I apply for any card? Also, how exactly do credit cards work when I buy things? I assume that once you apply and receive your card, if you use it you will receive a bill in the mail the following month and then you send off a check or cash to the credit issuer. Is that right? I’m a little frustrated attempting to understand the rules and what to look for in the card agreements.

Answered on | Updated on March 31st, 2014
The content is accurate at the time of publication and is subject to change.

You can apply for any student credit card. You don’t need to go through the issuer you have a bank account with. Before you apply though, check your credit reports. Make sure any information on them is accurate. If you find any errors, dispute them with the credit bureau.

Once you get your card, you can use it for purchases and for paying bills. You will get a statement of how much you owe once your billing cycle closes. If you pay off the card balance in full by the due date which is generally a few weeks later, you won’t pay any interest. The due date is determined by the credit card issuer depending on the billing cycle. You will receive a credit card statement every month you have any activity on the card.

The bill will also tell you the total credit limit, available credit, card balance, minimum payment, payment due date, transactions summary, and some other information such as how long it will take to pay off your bill if you just make minimum payments.

You can access your credit card bill online to pay it. You can also set automatic payments online at the issuer’s web site which will be deducted from your checking account every month if you provide your bank account info. If you do not want to pay electronically, you can send the bank or credit card issuer a check.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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