Saturday, February 04, 2012

Student Credit Cards

Student Credit CardsFollowing is a list of credit card offers designed for high school and college students. Some of the student credit cards feature 0% interest on purchases and balance transfers for 6 months. Students can also earn rewards with a student credit card. Compare student credit card offers and apply online today.

6 Student Credit Cards Available. Displaying Offers 1 - 6:

  • Designed to help students build good credit with responsible use
  • Access to your monthly credit score, plus an interactive tracking tool to help monitor your credit
  • Customizable text and e-mail alerts to help keep you on track
  • Get 1% cash back on all purchases, plus a 25% bonus each month you pay your bill on time
  • No annual fee
  • $0 Fraud Liability if your card is lost or stolen
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A 19.8% (V)* None* Yes* Average*

  • A card truly designed for the 13-25 age group and their parents
  • Full parental control. Safer than cash
  • Parents can load the card online from their own credit card or checking account
  • Instant online funding, great for emergencies when your child is away from home
  • If your child is in high school, you can set allowances and monitor his/her spending online. Also perfect if he/she is traveling without you
  • If your child is already in college, he/she can receive free direct deposits from an employer, write checks and most importantly stay out of debt
  • Apply online now. Only $2.99 a month or $29.95 a year
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A N/A* up to $2.99 monthly* N/A* No Credit Check*

  • No Cosigner required
  • APR reduction on purchases when using credit wisely
  • 100 ThankYou Points each billing period that you pay on time and stay under your credit limit
  • Earn 1,000 points after you sign up for paperless statements within the first 3 months of account opening.
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
0% for 7 Months N/A 13.99%-22.99%* (Variable) $0* Yes* Good Credit*

  • No Cosigner Required
  • Earn 5% Cash Back on eligible purchases at supermarkets, drugstores, gas stations, convenience stores & utilities (including cable) for 6 months, and 1% thereafter*
  • Earn at least 2% cash back in popular rotating categories like restaurants, apparel, hotel and more. Enrollment required*
  • Earn a full 1% cash back on all other purchases*
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
0% for 7 Months N/A 13.99%-21.99%* (Variable) $0* Yes* Good

  • 0% intro APR on purchases for 9 months, then the variable standard purchase APR of 13.99% - 20.99%*
  • 5% Cashback Bonus®* in categories that change like gas, restaurants, department stores and more. Limitations apply*
  • Up to 20% Cashback Bonus at popular retailers when you shop online through ShopDiscover.com
  • Up to 1% unlimited Cashback Bonus on everything else you buy
  • $0 Fraud Liability plus mobile and email fraud alert options
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
0% for 9 Months N/A 13.99%-20.99% (V)* None* N/A* Fair Credit*

  • Get $25 Cashback Bonus®* when you make your 1st purchase within 3 months
  • 0% intro APR on purchases for 6 months, then the variable standard purchase APR of 13.99% - 20.99%*
  • 5% Cashback Bonus®* in categories that change like gas, restaurants, department stores and more. Limitations apply*
  • Up to 20% Cashback Bonus at popular retailers when you shop online through ShopDiscover.com
  • Up to 1% unlimited Cashback Bonus on everything else you buy
  • $0 Fraud Liability plus mobile and email fraud alert options
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
0% for 6 Months N/A 13.99%-20.99% (V)* None* N/A* Fair Credit*

 

Student Credit Cards Tips

Credit cards for students offer numerous advantages in addition to providing easy access to cash and credit. They enable you to earn cash back or rewards on your expenditures. They also allow you to start building a good credit history, which will be a real plus later in life when you are looking to take out loans to buy a car or house.

The cash back or reward earnings on college student credit cards vary from 1% to as high as 5% for different types of purchases. To compare credit cards, read through the terms and conditions to determine which card will give you the highest rewards on your most frequent expenditures. Some student credit cards even reward you points for maintaining a good GPA and paying on time.

Points can be redeemed for a variety of rewards, including cash back, plane tickets, concert tickets, gift cards, and in some cases exclusive mtvU Rewards, like VIP passes to Spring Break, Studio Tours, and more. Again, to compare credit card offers, look for the card that offers the rewards that you find most exciting.

Most credit cards for students come with a 0% introductory interest rate for six months. Depending on the card, this rate may apply only to purchases, but in some cases it also applies to balance transfers and cash advances. In short, if you will be using your card for cash advances or balance transfers in addition to purchases, look for a card that offers a 0% introductory rate on these services.

College credit cards offer great advantages if you pay the balance in full every month. It is best, however, to avoid using your card as a supplemental student loan. Once the introductory rate expires, student credit cards charge a fairly high APR, from 12.99% and up.

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FAQs
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Glossary
  • APR - Acronym for Annual Percentage Rate. The yearly percentage rate of the finance charge.
  • Intro APR - A low interest rate offered for a limited time, usually for the first 6 to 12 months.
  • Regular APR - A fixed yearly percentage rate of the finance charge.
  • Balance Transfer - The act of transferring the whole or partial balance of one card to another card.
  • Annual Fee - A fee charged by the card issuer for being a card holder.
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