College Student Credit Card Offers Online
College student credit card offers online
By StudentCreditCards.com
College student credit card offers are all over the internet, including at our site www.studentcreditcards.com. Student credit cards featured range from 0% APR introductory rates for six months to current interest rate credit cards with APR at 6.9%. Other benefits of these types of cards include no annual fees, rewards points for travel and fraud protection. Credit limits vary with college student credit cards, typically ranging from $300 to $5000, depending on the type of credit card and the applicant’s credit history and credit score. An applicant with no credit history has a better chance of being approved for a low limit credit card versus a high limit credit card.
While some credit cards feature annual fees, sometime called membership fees, most student credit cards do not charge these fees; as card issuers do vary, it is important to read over all credit card disclosures from the company you’re considering applying with. Read these disclosures before applying for a student credit card.
Payments: An example of minimum payments. Typically, one’s minimum payment will roughly equal 3% of the outstanding balance on the credit card, or $15, whichever amount is greater. In the case of a balance being lower than $15, the minimum payment is then equal to the outstanding balance.
Applying for a card: many student cards offer low credit limits, where the credit card company does not require a co-singer or minimum annual income to qualify for their card.
Variable interest rates: It is important to understand that if a student credit card carries a variable interest rate, it means the rate (often referred to as an APR) can fluctuate up or down as the Prime rate moves up or down. If the credit card comes with a fixed interest rate, the APR will remain the same. It will remain the same unless in the cardholder terms and conditions there calls for an interest rate increase if payments are late or missed by the cardholder.
Each student credit card is different so be prepared to spend time carefully reviewing both the credit card disclosures AND the Terms and conditions provided by each credit card company on their websites.
Student credit cards.com @ July 12, 2008