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Finding the best student credit cards can be difficult if you don't know where to look. Between the thousands of credit cards being offered online and the hundreds of credit card booths in campuses all over the country, it can sometimes be hard to know which card is the best for you. In this article, I will give you some tips on how to find the best student credit cards and some student card suggestions to get you started on your search.
First of all, you have to be careful with the fees associated with your card, especially the annual percentage rate and surcharge fees. While it is perfectly normal for student cards to have higher interest rates than regular cards since many students have little to no credit history, that does not mean you should settle for any interest rate.
The first place you should look for the best student cards should be Bankrate.com. Bankrate is an authority when it comes to comparison shopping between financial products and services and you'll be able to browse trough a wide variety of different offers at the push of a button.
Whatever you do, stay away for review sites at all costs. Most of the time, these review sites are actually affiliates of credit card companies and they don't always have your best interest in mind. It's better for you to go directly to the source and go directly to the issuer's official site or Bankrate.com and compare between the offers you find.
Beware of any rewards scheme being offered. First of all, you have to know how much you'll have to spend in order to get rewards. Second, you have to know if the rewards being offered fit your lifestyle. And third, you have to be aware that cards with rewards usually have higher interest rates and annual fees than regular cards, so before you decide to go for a card with rewards, make sure it is actually worth it.
Now here are some student credit card suggestions. The Discover student credit card offers a pretty good APR on purchases at 14.99%. It also offers a 25 day grace period which is pretty good. Another card you should check is the Citi mtvU Platinum Select Visa Card for College Students. It offers point rewards on many purchases and has a pretty low APR at 13.24% and a 0% introductory period of 6 months.
So there you have it. Finding the best student credit cards can be done if you know how to go about it. Just make sure that you know all the fees associated with your card, stay away from comparison sites by all means, and shop wisely until you find the best card for you.