The best student credit cards can be compared. Responsible credit card use can lead to a lifetime of low-interest rate loan opportunities. Notwithstanding their limited credit history and minimal income, good students enrolled in colleges and universities throughout the country are often given the valuable opportunity to receive credit and to start building a credit history. This is an opportunity that should not be taken lightly, particularly in light of the widening credit crisis which has made it difficult for many working Americans with good credit records to receive new credit cards, auto loans and mortgages.
Student credit cards issued by Discover, Chase and Capital One are tailored for student applicants. Some of the features offered by these credit card issuers include:
- No Annual Fee
- 0% Interest for a fixed period of time
- Cashback Bonuses
- $0 Fraud Liability Guarantee
During this period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – students should be given an opportunity to build a credit history. Responsibility is key. If you can’t afford to buy it, you should consider saving until you can. Credit cards are most beneficial when you can afford to pay your balance in full every month. In these tough economic times, where credit is getting more difficult to come by, it is important to create a strong credit profile by establishing credit early and maintaining a consistent payment history. Student credit cards issued by Discover, Chase and Capital One are tailored for student applicants.