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| Search for the type of card you are looking for. Compare offers side-by-side in order to determine which card is right for you. Apply for the Credit Card of your choice by filling out a secure online application. | ||||||||
| Why students should take advantage of good credit card offers. The earlier you apply, the more you can save! Once you reach eighteen years of age, you are eligible to apply online for credit cards. While your limit will most likely be low, the opportunity to invest in your financial future is very high. As long as you understand how to build a good credit history, you should start as early as possible. In fact, if you begin using credit wisely early on, it could save you thousands of dollars in your lifetime by: • Increasing Your Credit Score – The sooner you apply for and receive credit, the more time you have to increase your credit score. In fact, one way credit bureaus calculate your credit score is by observing how long your accounts have been open. A good credit score paves the way to loan approvals later down the road. • Earning Low Interest Rates – Upon graduation, you might want to make large purchases like replacing your car or even buying a home. A good credit score tells a bank, mortgage company or other lender that you’re financially reliable. You have a history of paying bills on time. As a result, you’ll not only be approved for loans, the creditor will most likely reduce the amount of interest you have to pay over the life of your car payment or mortgage. You could end up saving tens of thousands of dollars in interest alone! Expenses are usually great in college while your income is non-existent. Maximizing good credit card offers can be an easy way to make ends meet while building a good credit history. Here are a few more advantages of using credit cards as a student: Most Credit Cards Offer Rewards or Cash Back Since you spend money regardless, you might as well put your purchases on a credit card that offers rewards, incentives or cash back. Some cards even give you 5% cash back on certain purchases. Other credit card offers include some type of reward, like airline tickets to travel home for the holidays or debit cards to use at the grocery store or gas station! Credit Cards Give You Purchasing Power Credit cards come in handy when you’re strapped for cash but need to pay for something right away. If you are not able to pay off your entire balance every month, but can make smaller payments over a longer period of time, some of the best credit cards have 0% APR introductory offers. These minimize interest charges and retain your purchasing power. Credit Cards Teach Financial Responsibility College is an ideal time to begin forming wise spending habits. But always remember that using credit cards is an important responsibility that will affect the life of your credit. If you begin accumulating a lot of debt, credit card companies won’t be as forgiving as mom and dad. Credit cards should be used to build a good credit history, not to live beyond your means. |
