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Top Rated Student Credit Cards

/ BY / Students

A student credit card can help you build a good credit history, but what are the best student credit cards available? The answer will based on your situation, but the best card for you depends on your job situation, previous credit experience, and what you will be using your card for. Let’s take a look at the 5 best credit cards available to students. When comparing important features, most financial experts agree that a card that charges no annual fee is the best choice. All of the top-rated cards are annual fee-free and they don’t charge a fee for exceeding your limit. (But don’t be tempted to max out your card. Your credit score will drop significantly if you go over your credit limit...

Six Credit Card Mistakes That College Students Should Avoid

/ BY / Students

Your college years can be a great time to start building a good credit score—if you know how to handle a credit card wisely. But if you misuse your card, you may end up with a poor credit rating that’s going to haunt you during your post-college life. To get the best rating, avoid these common credit card mistakes: Choosing the wrong card. Many lenders offer special credit cards designed specifically for students, so do some shopping around before you decide which is the best for your particular situation.Some factors to consider: The idea of earning rewards (airline miles, cash back, etc.) with a credit card can be enticing. Or, if you’re an ardent sports fan, you may love the idea that you carry...

New Grads - Don’t Make These Top Five Financial Mistakes

/ BY / Students

Graduating from college and entering the real world is an exciting time that includes a wealth of new opportunities. But a full-time job and added expenses also provide the opportunity to make some serious financial mistakes that can haunt you for years. That's why it's important to identify common money mistakes and then work to avoid them. These are top five financial mistakes new grads make and how you can avoid them: Ignoring or mismanaging your student loans Approximately two-thirds of students in the US take out student loans, with the average graduate carrying just over $26,000 in debt by graduation. Mismanaging your student loans by not paying on time or not taking advantage...

College Grads: Should You Get A Credit Card before You Get a Real Job?

/ BY / Students

Are you a soon-to-be college grad who hasn't yet found a "real" job? With the U.S. unemployment rate still hovering close to eight percent, you've got a lot of company. There are many young people graduating from college this spring who will be working part time and temporary jobs while they search for a position more closely related to their field. That makes it a terrible time to apply for a credit card, right? Wrong! While it may be more difficult to qualify for a credit card before you’ve landed a permanent position, when it comes to building a good credit record the sooner you can start, the better. One of the factors that goes into your credit score is the length of your credit...

Building a Good Credit Record in College

/ BY / Students

Q. My son is heading off to college this fall, and I've heard that many college students get into trouble with credit card debt. How can I help him build a good credit record? Handling credit will be an important aspect of your son's life from now on, and you're right to want to get him off to a good start. Here are some suggestions on how to do it. 1. Review the basics. Have you had The Talk with your son? Not the one about the birds and the bees--the one about how credit works. We assume that our teens understand credit cards because they see us charging purchases and paying bills each month. But you might be surprised at how little your son understands about basic credit topics...

 

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