Thursday, May 16, 2013

Best Credit Cards for Students

I was looking at different colleges and states to reside in such as Ogden Utah, Las Vegas and Phoenix at the time. I had some long meetings with my guidance counselor to discuss scholarships, housing and student loans. Yet when the time came to start college I didn't realize how much extra cash I would need for the small things such as school supplies, books and even food. Plus guidance counselors don't discuss getting started on your own and building credit scores so that it's easier to purchase homes and cars once I had graduated. That's when I did some research and found some good credit cards for students.

So what features do you look at when looking for good credit cards for students? Many offer different incentives and have a lot of details attached to them.

Fees: All credit cards have fees of some kind but some offer less than others such as an annual fee. You don't want to have to pay an annual fee to use a credit card because this is just extra money that the company takes in for using their card. There are also late fees, cash advance fees and over the limit fees. So find the one with the least amount of fees because in the end it will help you especially if you run into any emergencies.

Reward points: Many of these cards will offer rewards such as 1% cash back on all purchases. This is cash back into your wallet which is a good thing for students and can be used for those school supplies and books. Look at all of the limitations and what kinds of reward points are offered back on different purchases.

APR: APR is the annual percentage rate; this is the rate that is charged to your account for the amount of cash you currently have charged to the card. Many companies will offer an incentives zero percent interest rate for the first so many months. After that your APR is decided by your credit score and worthiness and usually has a range you can fall between. You will want to make sure to find the best APR that you can since the smaller the APR the less cash you pay out.

Protection: Any good credit cards for students will offer fraud protection. This is important if you ever lose your card or your identity because the company will pay anything that you have not charged to the card yourself. Many cards also offer travel assistance and free insurance on car rentals.

You will want to make sure to find the right loans for you as a student and what will work with you now and possibly in the future. Read through all the fine print and find the best credit cards for students.

"" is designed to provide quick easy, real life education to help people make better financial decisions when they are looking at getting a loan.