If you’re a college student right now looking for a credit card, you’ve probably landed on this page because you’re looking for a student credit card with a low APR.  Well, instead of showing you cards that have a low APR, I’m going to explain to you why the APR shouldn’t matter when you’re a student.

If you’re not familiar with the APR on the card, this is the interest that you’re going to be charged on unpaid balances.  Let’s say your balance is $100 and you only pay $50.  You’re going to pay interest on that $50.  Many students have the mis-conception that they have to pay interest regardless of how they use their card but this isn’t true at all.

Always pay in full all the time

When it comes to paying your credit card bill, I don’t care if your interest rate is 100% or 2%, you’re not going to pay a dime in interest rates to the bank as long as you pay in full.  Now, does an APR matter?  I say it only matters if you’re getting 0% but most likely you’re not going to find this unless it’s a teaser rate.

0% cards can be found but then again, you have to read the fine print because you’ll find out that you’re going to get that rate on either a balance transfer or whatever else for the first 6 – 12 months.  This is why it’s always important that you read the fine print to play it safe.  Now, I’m not saying you need an attorney but a simple glance at the terms and conditions should give you a better idea on what the card is all about.

In the end, if you’re looking for a low interest rate student credit card, I would recommend you check out cards that benefit you with rewards, etc., instead of the interest rate itself because that shouldn’t matter.  With a handful of cards on the market, do your homework and find out which card works best for you.