Are you a college student that is looking for their first student credit card? If so, you may feel overwhelmed simply because there are several to choose from, you’re not sure how to get things started and you’re not sure what to look for in a credit card. Looking for a credit card is very simple but can be tough at first. If you need to know how to choose the right student credit card, continue reading below.
Low APR – You will want to make sure you’re looking for a credit card with a low APR (annual percentage rate). This means if you don’t pay your bill off in full you won’t be charged TOO high of a payment.
For example, lets say you owe $100 on your credit card. If you only decide to pay $50 and you’re annual percentage rate is 21% you’re going to owe a lot more than $50. If your APR was 12% you’re going to owe a lot less than if you had a credit card with a 21% APR.
Benefits – You will also want to look for a credit card that gives you rewards. A lot of credit cards say if you spend a dollar you earn one point in rewards. Once you add up all your points and have enough, you can redeem them for cool prizes and even gift cards! ALWAYS look for one with some type of reward.
No annual fee – You also want to make sure you don’t get a credit card that has an annual fee. This means they will charge you each year just for using their credit card. Several credit cards don’t have this so stick with one that doesn’t charge you.
Major logo – It is a good idea to get a credit card that has a major logo on it. This means when you go to the store and you want to put everything on your credit card, you will be accepted. Major logos are usually like Mastercard, Visa, American Express and Discover. If you don’t have a major logo than you won’t be able to shop at several places making the credit card pointless to have.
Looking for a student credit isn’t hard at all. Once you have your first credit card you will know what to do and what to look for in the future. If you’re looking for the best student credit cards available, simply check out www.findcollegecards.com. Here, you can start your credit today for free!