| One of the biggest challenges when it comes | | | | spend a dollar. You'll also find that some |
| to applying for a credit card may not be your | | | | cards in particular won't offer any rewards |
| previous credit history; it's going to be the | | | | at all. Even if you don't think the rewards |
| challenge of finding your first credit card. | | | | will help you, I would strongly recommend |
| Just like anything, the first time you do it, | | | | that you apply for one because most of the |
| you're going to be new to the game. Credit | | | | times, these points will never expire. |
| cards are no different. | | | | |
| | | | What you'll find when applying for your first |
| An advantage you may have when it comes to | | | | credit card is that the APR rate is extremely |
| applying for a credit card is being a college | | | | high. These rates can sometimes get as high |
| student. The reason this is going to give you | | | | as twenty to thirty percent. This is because |
| the advantage is because all major credit | | | | the credit card companies have no history on |
| companies such as VISA and MasterCard offer | | | | you. Just put it this way. If you were to |
| credit cards solely for students. If you're | | | | lend money to a stranger, you would feel a |
| not a student, it's going to be more of a | | | | lot more uncomfortable then say, you're long |
| challenge to find a card you're looking for. | | | | time friend. The credit card companies feel |
| | | | the same way. Just remember that if you pay |
| When applying for a college student credit | | | | your bill off on time in full, you won't be |
| card, you're going to want to make sure | | | | charged the finance charges. |
| you've applied for the university you want to | | | | |
| attend. This is important because the credit | | | | Another note you must jot down is that a |
| companies will ask you specific college | | | | credit card company is not going to give you |
| information. It will be next to impossible to | | | | a high credit limit, especially as a student. |
| fake your information because all of the | | | | Your limit is going to range anywhere from |
| companies will follow up on it if they | | | | five hundred to a thousand dollars. This is |
| suspect fraud. | | | | once again because you're new to the game and |
| | | | you have to establish trust with the |
| Just about all of the credit cards you're | | | | companies. Once you prove your trust, your |
| going to look at will offer some sort of | | | | credit card score will go up and so will your |
| reward. Before applying, you're going to want | | | | credit limit. |
| to ask yourself a few questions. You will | | | | |
| want to find out what rewards will benefit | | | | When on your search for your first time |
| you the most. If you never fly on an | | | | credit card, you have to remember that only |
| airplane, then an airline based reward card | | | | you can prevent debt. You will have to be |
| won't benefit you at all. If you drive a lot, | | | | extremely responsible when using your credit |
| then a card focused on saving gas will | | | | card because most companies will lend you |
| benefit you. | | | | more money than you can handle hoping you |
| | | | can't pay it off. This is of course, how they |
| Credit card rewards designed for college | | | | make money. If you're a disciplined person |
| students are actually really good. A lot of | | | | and currently attending college, then a |
| them range anywhere from getting cash back on | | | | college student credit card is the area you |
| your purchases to bonus points every time you | | | | should focus on! |