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COLLEGE STUDENT CREDIT CARDS

College student credit cards can be a great tool for establishing new credit. Student credit cards have lower requirements for approval and for young people without credit history they are much easier to get than any other regular credit card. The most popular issuers of college student credit cards are Citibank and Discover.

CHOOSING A COLLEGE STUDENT CREDIT CARD

Regular APR: All college student credit cards will have a somewhat higher regular APR than regular credit cards for good and better credit. The student cards in this way can be compared to credit cards for bad credit. Therefore when choosing a college student credit card one has to consider offers that have low regular interest rates. One has always to remember that no matter how great his or her offer may be the reason for accepting a college student credit card, first of all, is credit building. The best practice of using this kind of cards is to pay off your balance right away.

Balance Transfer: If one is getting a college student credit card it must mean that this is the first credit card he or she is getting. Therefore the option of balance transfer must be the last thing to consider. In general many people juggle their balances from their old cards to new accounts with 0% intro APR to save on interest and delay paying off their debts. This approach to debt sheltering is not recommended in any circumstance for it will hurt one’s credit history, especially for college students. If someone in this stage of life gets in debt with a college student credit card, we advise that he or she seeks advice and possibly financial help with parents and does not try to open new credit card accounts hoping to transfer balances over and over.

Adult Co-signer: Using an adult co-signer may not be a bad idea when applying for a college student credit card. However in many cases it will not be an option, parents' awareness of the existing account may help controlling usage and work out better habits for the future. In most cases it is recommended for parents take an initiative and work this matter out with their children before they are out to college and facing the subject on their own.

BEST PICKS FOR COLLEGE STUDENT CREDIT CARDS

Two leading College Student Credit Card offers currently available are Citi Dividend Platinum Select Card for College Students and Discover Student Clear Card. Besides 0% intro APR for 6 months, both of these cards come with a cash back programs and no annual fee. Scroll down the page to learn more about these offers. To see complete list of College Student Credit Cards at CardFusion.com click here.

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