Best Student Credit Cards for College

You have come to the right place if you are looking to find the best student credit cards for college. Below are a few that you can take a look at.

Citi Forward Card for College Students

The Citi Forward Card for College Students actually rewards students with good credit behavior. They will lower the APR by 0.25% if you use your credit wisely, which they deem as someone who makes a purchase and pays on time for three consecative periods. In addition, the card has tons of benefits, including:

• 3,500 bonus points after $250 in purchases are made within 3 months
• 2,500 bonus points when you sign up for paperless statements within 3 months of account opening
• 5 reward points for every $1 you spend on books, movies, music and at restaurants. 1 reward point for every $1 you spend on other purchases

Click Here for More Details of the Citi Forward Card for College Students

Discover Student Credit Card

Discover also has one of the best student credit cards available today. What I like about this student credit card is that they got over 100 graphic designs so you are for sure going to find one that you will fall in love with.

• Unlimited Cash Rewards, Automatically
• Up to 20% Cashback Bonus® When You Shop Online
• Double Rewards with More than 100 Cashback Bonus® Partners
• Customer Service in Less than a Minute, Anytime You Want
• View Discover® Card Rates, Fees, Rewards, and Other Important Information

Click Here to Find Out More on the Discover Student Card

How to Apply for the Best Student Credit Cards

Many students and parents are asking what are the best student credit cards for college and how to apply for one.

A college student with a credit card can be a nightmare scenario, but many responsible students are finding that if they get a secured card with a fixed spending level, they can establish credit and have a means of accessing emergency funds if the need arises.

As with credit cards for anyone, a college student needs to assess the rates and how they increase after the introductory period. Acquiring and managing the best student credit card can be an important introduction to money management and learning about limitations. But remember that even if a card company is offering a zero percent rate as an introduction, because you are a student, rates may be exorbitant after that.

Card companies charge, even for the best student credit cards. That is how they make money. Some charge you just to apply for a card. Then there are late fees and fees added if you decide to up your credit limit. The annual fees can be staggering.

If you look for purchase rewards, be sure the company doesn’t charge fees for these. Rates for these benefits can be substantially higher than those for other cards.

With reputable banks and lending institutions, if you keep up to date on payments and maintain a low balance, you are establishing a credit history that is more equitable than that garnered from a lesser known entity. This will help your credit score and eventually allow you to extend your credit limit.

Starting the Process for the Best College Student Credit Card
Pick up an application form or apply online. Get all your information together before you start filling anything out. That includes your parents’ or guardians’ names and employment records, etc. if they are signing on with you. You will need your identification, social security number, bank account numbers, etc.

The Bottom Line
If you are late on payments, interest is added to your account, and you can be subject to added fees that you may not have noticed in the small print in your application.

Our bankruptcy laws have changed. It is virtually impossible to go bankrupt on credit card debt. Once you start getting behind on credit cards, you credit is shot for many years.

Remember that college is supposed to be a time, in addition to getting a good education, to have fun, socialize, meet new friends and establish professional associations that should lead to a good career and a happy life.

Some students see a credit card as a tool to get all those things, but if you do not spend wisely and keep a good credit rating, you will be worse off than if you lived on whatever you can garner from work study, summer jobs and student loans.

Don’t be fooled into banking on a secure future. Even with a college degree there is no guarantee that you can generate sufficient funds above your daily living expenses to pay off exorbitant credit card debt from any future salary.

Tagged as: Credit Cards

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