Everyone has told you that always get a credit card while you are in college. But the reality is that having a credit card might not be a bad idea IF you use it responsibly. The first step in making sure that you can do this is in knowing yourself and your financial tendencies and being sure you aren’t going to be irresponsible cheap nba jerseys with your card. And the second step in using your credit card responsibly is so you select a credit card company and plan which offers good terms and benefits to you. Here are the things that you should look when evaluating credit card offers and considering whether or not they are right for you.
REASONS THAT you may want A CREDIT CARD IN COLLEGE
Even though young people are often deterred from getting credit cards, There are several reasons that it is best to get a credit card while you are still in college. for one thing, Money is certainly tight during the college years and having that extra help is never a bad thing, Especially just in case emergencies. for another, Money in college often comes only a few times a semester (like financial aid disbursement) Which means that definite times during the semester when it helps to be able to access cash that you can pay back later. not only that, you are getting out of college, You probably want to start making some big expenditure (cars or trucks, homes) And it can be crucial that you’ve built up good credit.
are you ready TO GET A STUDENT CREDIT CARD?
Did you become aware of that last section of this advice? It’s important that you build up GOOD credit. This means that you need to make sure that you’re financially ready for the responsibility of having a credit card in college before you actually go ahead and get one. Here are things that you want to look for when you are evaluating credit card offers:
rate. generally all people know that they want to get a low interest rate, But what’s woth having? correctly, that depends. credit card providers offer different rates for cash purchases, balance transfer promotions and cash advances. Figure out what you are most likely to use your card for and get a low rate on the area that reflects that. when looking for your credit card offers, ask them if you look at fees that you may be charged over time. overtime fees and over limit fees are common. A card that has these fees may still be a good card. The best credit cards are those that are created by banks which you can access locally. If you’re starting to guage credit card offers, You may want initially a stop at your local bank and see what they can offer you. youngsters are often given special offers on credit cards. this will assist to carefully select the credit cards which have the best terms for your situation and spending habits. Take the time to do your research and you should find a card that will serve you well in your college years.