Student Credit Cards - a Rite of Passage Into Adulthood
Just as much as earning your diploma, getting your first credit card the card your parents gave you doesn't count. It's tied to your parent's credit history; this new card is how you will establish your own credit.
When you made your payments on time for that card, you were helping your parent's credit rating rather than your own. Now that you have a card of your own, now you can begin building a credit history.
Whether you're still in school or have already graduated, a lot of the things you'll finding yourself needing to do; for instance, rent an apartment or buy a car will be affected by your credit rating. As a student, you may not have yet had an opportunity to establish a credit history.
Having no credit history can be worse than having bad credit. In the financial world, you are an unknown level of risk - there's at least a 55% chance you'll default.
Thus lenders will be reluctant to offer you a line if credit. Banks don't want to lose money, obviously. But how are you to establish yourself as credit worthy if no one will extend you credit?
Unfortunately, this is how credit works. The easiest way to establish a credit history is to use a credit card. You shouldn't get overeager and just go for the first offer you see though.
You can compare the APR as well as the terms and conditions offered by many different credit card companies online. Always read the fine print carefully. There are even websites which give you charts of different credit cards, making this comparison much easier.
Whenever you receive a credit card offer, look at it carefully. You might be able to find one which offers a low APR and no annual fee. There are also cards which are easy to qualify for, but start you with a small credit limit - these are great for beginning to establish a credit history.
If you don't need to make any big purchases, these cards are perfect. You can even be instantly approved in many cases.
You won't have to wait to long for your card to arrive. All you need to do now is use it and be sure to pay your balance in time. Pay off your entire balance if possible - charge no more than you know you'll be able to pay when the bill comes.
After a couple of months doing this, you will have started to establish a good credit history. This can be very important in the future.
Many employers use credit rating as a factor when deciding on a new hire. People with good credit tend to be reliable, so employers will consider your credit. While having a credit card won't land you that job you wanted by itself, it can help you to buy a new suit for the interview.
Related Tags: credit card, credit cards, student credit cards, student credit card, best credit cards, bad credit cards
Best Credit Cards A Free consumer Credit Card comparison web site keeps students informed of the best student credit card while avoiding high interest rates, charges, and fees.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- What's In Your Credit Report?
IdentificationYour name, address, social security number, birthdate and previous and current employm - Pros And Cons Of Low Purchase Rate Credit Cards
Low interest credit cards are outstanding until the time period runs out. Most of these offers promo - Bad Credit Loan Scams
There are several bad credit loan scams out there. These are usually aimed at those that don't have - Successful Credit Repair Methods
If you bad credit, you are not alone. Fact of the matter is there are tens of thousands in the count - Auto Loans Bad Credit: Bad Credit Is Not An Obstacle Now
Now a days, people want their own Cars. Though there are Public Transport Systems, they do not watch - Credit Card Services For Your Business
Co Branded Credit cards can be very beneficial for you if you have a business. These cards are onlin - Will The Actual Natural Motion Endure Large Food? -- Horizon Milk
The natural food business may be going through major work day in energy in the past 10 years. Becaus - Prices Of Dlp Lamp Alternative Parts - Dlp Bulbs
Since you will have to purchase a DLP> lamp each and every few years, it might be useful to know the - Dlp Bulbs -- Facts About Dlp Lamp Replacement
With regards to technical breakthroughs there aren't many things that are more popular than tvs and - Ways Which Anybody May Restore Their Very Own Credit Rating Easily - Credit Repair For Dummies
If you listen to a lot of the actual ads which are available regarding credit>, more than likely you
Most viewed articles in this category:
- Credit - Repair
To make the life more comfortable people purchase lots of things from clothing to cars and homes tha - Helpful Tips For Using Low Interest Rate Credit Cards
People with good credit ratings often receive offers for low interest rate credit cards. A credit ca - Benefits to Businesses Accepting Credit Cards
Many business owners report a sharp increase in profit when they begin accepting credit cards as a m - How To Remove A Bankruptcy From Your Credit Report
Credit report repair can be a long, tedious process and one of the hardest items to get removed is a - Putting Low Interest Rate Credit Cards To Work
If you have a solid credit rating, then you may receive offers for low interest rate credit cards. Y - Buying A Car With A Personal Contract Purchase Loan
If you are looking to buy a car but are unsure whether or not a new car is worthwhile, then you shou - Credit Repair - Tips And Tricks That Work
When you apply for credit, your lender will request a credit report from a credit reporting agency. - Bad Credit Debt Consolidation
No doubt there are numerous bad credit personal loans but hunting for a secured loan for bad credit - Before You Buy
Check out the market in the area you want to buy. Find out what price houses are going for and - Top 10 Keys To Creating A Good Credit Score
We know it can be unfair but credit is used for everything these days. Utility companies are even us
