1. Reasonable Interest RatesThe companies that offer the best student credit cards firmly understand that a student isn’t going to have a long-established credit history, and they are not going to penalize you because of it. A good student credit card will offer a reasonable interest rate (15-percent or less), regardless of this fact.2. Sensible Credit LimitsWhether you realize it or not, you do not need a $5,000 credit limit while you’re in college. Remember, student credit cards should not be used to finance your college education — that’s what student loans are for. Student credit cards should really be kept for emergency purposes or budgetary reasons only.The best student credit cards offer sensible credit limits (less than $1,000) and will have a limit of one credit card per student. If a credit card company is willing to give you a credit limit of thousands of dollars, it’s just setting you up for trouble.3. Rational Grace PeriodsA grace period is the period of time from when your credit card billing statement closes to when the payment is due. Unfortunately, during recent years, some credit card companies have employed the less-than-ethical practice of all but eliminating the grace period. Some consumers […]

Full Article At: KnowHow-Now.com Articles

Bookmark to: