Apply for a student credit card
Where can you apply for a student credit card? What are the interest rates on student credit cards? What student credit card should I apply for?
These are all valid questions that a student emerging into financial independence should be asking. Since students usually haven’t established any credit, credit card lenders see students as higher risk. Therefore the limits on the student’s credit card are usually lower and the interest rates are a bit higher.
However, there are many student credit cards that are willing to give an intro apr of 0% along with no annual fee. The following student credit cards are recommended to help students save money and keep their interest rates low.
- Chase Student Flexible Rewards Card – 0% Intro APR for up to 6 months, no annual fee, 1 point for every dollar spent
- Discover? Student Tropical Beach Card – 0% apr for 6 months, no annaul fee, $0 fraud liability, 5% cashback on certain categories of shopping, 1% on the rest
- Bank of America Student Visa? Platinum Plus? Credit Card – No annual fee, no cosigner required, build your credit
- Citi? Dividend Platinum Select? Visa Card for College Students – 0% Apr on Cash advances and purchases, 2% cash back at supermarkets, gas stations, convenience stores and utilities including cable, no cosigner required and no minimum income
A student can take the first steps towards financial independence through these credit cards. You can establish a good credit rating. This credit rating is very helpful if you plan to borrow money for financing a car, a house or a world cruise. If the credits are paid off regularly and in time, you will gradually gain a good credit rating and this will improve your chances of getting the entire loan improved.
To browse all student credit cards, click here