Low Interest Student Credit Cards Help Build Credit Score; College Students Gain Credit History

When it comes to credit, many college students are usually at one extreme of the spectrum or the other as they near graduation. They either have no credit history or their credit score is in trouble due to high-interest student credit cards that credit card companies often hand out like candy on college campuses.

However, to build a credit score, which is vital seeing as how a good credit score is a valuable asset, a student credit card is a good way to go. However, avoid those “looks good up front offers” from many card companies on campus and seek out a low interest student credit card from a reputable lender who will not only give you a low interest rate, but also realizes that you, the student, want to build a credit history not start post-graduate life in debt.

Many lending institutions will offer credit cards to college students, but there is the matter of looking at the interest rates involved. With so many credit card companies looking to raise credit card interest rates right now due to pending legislation that will prevent them from doing so without warning, among other things, finding a low interest rate on a student credit card will require shopping around and research.

There are numerous lenders who advertise student credit cards and who will offer little or no interest, but unless that great deal has staying power, then keep looking. Most credit card companies will give students just enough time to become comfortable with their card and make a habit of using it, before they raise the interest to a point that is unaffordable.

Find a financial institution or credit card company who will give you a fixed, low interest student credit card that will allow you to afford the payments and thereby build a credit history and good credit score.

Again, key points to remember are research, read the fine print and look at advertised lenders who are going to give you a low interest student credit card for the benefit of your credit not their gain.


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