Opting For The Right Student Credit Cards Made Easy

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Opting For The Right Student Credit Cards Made Easy

Opting For The Right Student Credit Cards Made Easy


Updated: November 14, 2018

The content is accurate at the time of publication and is subject to change.

Applying for the first credit card can be as exciting as getting your driver's license for the first time. The credit card you opt for should be able to help you build a good credit report and score which will prove to be handy as you grow older. Hence, it is imperative that you choose the right card for this purpose. Though there are a number of options, it is the student credit cards that work best if you are applying for the card for the first time. Let us take a look at a few things that you need to keep in mind while applying for student credit cards.

Firstly, you will have to understand that you do not have a credit history to your backing. So, you will need to apply for cards that do not need this document. While there are banks that offer you the option of a cosigner, it is recommended that you don't opt for it. Go on for student credit cards that give you a free hand in operating it responsibly.

You may also want to take into consideration, the awards being offered on the cards. There are a number of banks that throw in freebies for using them often. However, don't let go of good student cards if they don't have any reward offers. There are many other important factors to consider than just these rewards.

Find out the annual fee that you will need to pay in order to avail this card. There are financial institutions that provide introductory offers on their cards. Look out for those cards since most of them come with zero annual fee for the first year. Ensure you gain clarity on the amount that you need to pay after the introductory period is over.

The interest rate being offered on the student credit cards is another critical factor to consider. Due to the increasing competition in the financial sector, most banks are offering highly competitive rates on their credit cards. Hence, shop extensively and find out cards that offer the lowest interest rates along with optimum benefits.

Finally, take a look at the various fees that will be levied by the banks on these cards. Most often than not, there are a number of hidden fees which will come to light months after you avail the card. Find out if the bank charges late fees, penalties and inactivity costs.

Keeping simple things like these in mind when choosing student credit cards will go a long way in helping you establish a good credit rating.

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.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!