Tips for Student Credit Cards

When it comes to looking at ways to help your children as they head off to school or even to teach them some basic money skills, Student Credit Cards can help. These make a great first time credit card. Many Student Credit Cards offer advantages that pre-paid credit cards cant. One advantage is that the user can earn cash back and rewards when they use their card intelligently. They help the user to build a good credit history, and offer easy reliable access to cash as well.

The introductory rates on Student Credit Card often begin at 0% for an average of six months. It will depend on the card whether this is applied to purchases alone or to other transactions such as cash advances and balance transfers. Depending on the type of service you want your Student to have will determine the type of card you get. 

Unlike some cards especially the prepaid you can earn cash back from 1% up to 10% depending on the card you get. Remember to look through the terms and conditions thoroughly before choosing any one particular card. This is where you will find out which card has the best setup, the highest interest rate and point reward system. There are even cards that will give you rewards for maintaining your GPA or Grade Point Average. As you look closer into the points system of the cards you will notice that some of the rewards are particularly nice. You could end up with tickets to concerts and planes, cash back and gift cards or even package tours such as the Studio Tours.

One way to ensure that you are using your student credit cards and college credit cards correctly is that you avoid credit card debt, by paying your statements in full and on time. Another thing to remember is that this is not an addition to your student loan but a way to build your future and have extra cash on hand from month to month. Some cards have a very high APR after their introductory trial period so be prepared and look for the best deal you can find. You may even find that 0% tempting but if you take a slightly higher percent now you save on the after introductory time. 

Looking into Student Credit Cards is as important as looking into the right student loan and college, know all the facts, as questions and determine the one that is right for you.