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Student Credit Card Application Stands Wherever You Go

Have you seen them? There are stands all over campus offering you a free t-shirt or water bottle if you sign up for a credit card. You think to yourself “Why not?” as it would be a huge convenience to be able to get one.

But a lot of students fill out these forms without looking at the fine print in the terms and conditions of the card agreement. Credit cards are financial tools but you have got to apply for the right ones otherwise you may be digging yourself into a hole of debt that you will have trouble getting out of.

Check The Regular Credit Card APR

The person at the stand will tell you that the card you are signing up for has a 0 percent introductory rate. The students eat it up as if it were the 2nd coming of Christ. Once the introductory rate expires it jumps to its normal APR which if you’re not paying attention can be pretty steep for new cardholders.

You’ll find these types of credit card “free gift” kiosks all over campus calling students out for free stuff if you sign up.

You are better off to compare credit card rates of a list of credit cards. The more choices the better. Comparing credit cards is crucial during the credit card apply process. There can can see the intro rate along with the regular interest rate after that and additional details that will help anyone make a better decision on a new credit card.

Other Credit Card Benefits You May Not Know About

There are credit cards made specifically for each type of situation and hundreds of cards available.

The majority of the credit cards out there now have gasoline rewards, a points system or airline miles for whenever you use your credit card. In some cases they may offer double the rewards or even cash back depending on the type of card you are using.

Multiple Credit Cards?

To use these benefits strategically you can apply for more than one card and use specific cards for specific situations (one card for gas rewards and one card for airline miles). Save your credit card company contact info in your cell phone or keep it handy just in case your credit card gets stolen or becomes lost. Call the credit card company as soon as you can when something happens to your credit card. You most likely will not be charged for purchases not made by you. The company will issue a new credit card to you immediately.

Specific Cards May Carry A Yearly Fee

Some credit cards also have a yearly fee for having their card. These types of credit cards that have those annual fees have certain long term benefits that differentiate themselves from other cards.

As a student it may be wise to apply for credit cards that do not have the annual fees.

Stay Disciplined With Your Credit Cards

Things that parents normally had to do for their sons or daughters such as booking a flight or paying for items are all done with a credit card. Now students can apply for a solid credit card and have that freedom. With a certain amount of credit extended to you keep in mind that you must stay discipline with your spending. It is not free cash and you must be responsible enough to pay it back.

Some people may start using their new credit line impulsively and when that happens it could lead to debt where they are unable to pay the entire balance back.

Do Not Be Late On Paying Your Credit Card Bill

Your credit history is like a report card and if you pay your credit card bill late even one time it shows a negative record on your account. With just one late payment on your credit card your APR / interest rate can double.

It is of utmost importance to make your credit card payment on time or much earlier if possible. So compare credit card rates and benefits among multiple credit cards to find the best student credit card for you.