What You Should Know About the Credit Card Student Offer

There are credit cards designed for students. The credit card student offer can be for high school and college students . Different companies offer the cards; certain companies only offer cards for those with good credit. Prepaid student credit cards may be ideal for those starting out because the student won't have to worry about paying after using the card. To compare credit cards, students can use the Internet to compare cards and to apply for cards.

Websites list cards by certain elements such as the APR, annual fee, liability for unauthorized charges, online account management, and online bill pay. A credit card student offer can be just for those at accredited four-year colleges. This card may have a fixed introductory rate, free gifts, reward points that can be redeemed for items such as movie tickets, and fraud protection.

Usually the credit card student offer has no annual fee and a lower interest rate. Financial experts advise that students gradually easer their way into credit card use. Students should look for cards with a limit of no more than $500. Students should stay below the limits so they can pay off the monthly balance, they should keep track of their credit card statements and educate themselves about credit card terms.

Other matters which they should learn is find out how much the minimum payment really is. Paying on time is important to avoid penalties and late fees. Students should read the small print in the credit card agreement and be aware of how to fight unfair charges. Unfair charges may come from identity theft which students should be wary of. They should keep their social security numbers as private as possible. To avoid runaway debts, credit cards should be for necessities such as books and school. By being an educated consumer, students can use credit cards with no stress.