You will find that there are a lot of people that have mixed feelings about credit cards. Some believe they bring more trouble than reward while others believe they are worth the risk for the many benefits they provide. There are several important things all college students need to understand before getting a credit card.
Interest rate: when searching for a good credit card, you want to find one with the lowest interest rate. As a student, your goal should be to find one under 15% Anything higher, it may be a problem if you don’t plan on paying off your bills in full each month. So, just to be on the safe side, compare all the interest rates and go with the one that has the best.
Fees: You will find that there are several fees on some cards. Be sure to identify every fee the card has and do research to make sure you understand it completely.
Rewards: there are many different rewards a credit card might come with, these can be extremely helpful and even lucrative if used right. Whether you get cash back for every purchase you make or you get points for each dollar you spend, these are something you want to look out for. Don’t get a credit card unless it has something to reward you. Every card will offer them and it is best to take full advantage of these offers!
Reviews: It’s always good to get advice from other people. If people are talking bad about it and tell you why you should avoid it, listen to them. .
There are many cards out there offered to college students. Although, it’s important to find which ones are the best and which ones are the worst. Be sure to use your future card wisely, and to consider everything we’ve talked about above before you apply for it!