which is the better student credit card?
which is the better student credit card?
im an international student in us but i have social security numbers . can i apply for student credit card at here? i dont have any idea which credit card should i apply?
You are better off without one, unless you have the means to pay it off every month.
please dont get any credit card if at all u need it go for debit card always credit card is a waste one
IF you need a credit card, apply for an American Express card. It needs to paid in full each month, so you will not find yourself in debt. You will learn to use it only for items you need, knowing you need to pay it off each month. Avoid the mistake of using credit cards to make frivolous purchases and wind up thousands of dollars in debt with nothing but crap to show for it.
The best student credit card is no student credit card. Live within your means and you will do fine financially. Starting your financial life in debt with credit cards is a bad way to start.
And in reference to getting an American Express card, ya, they require you to pay it off each month, but if you don’t they will come after you like bulldogs. Their collections staff is brutal.
If you really need one, I’d recommend the Citi rewards card for students. That’s what I have, and you get 5 percent cash back on gas, groceries, and pharmacy items. There are no strings attached; you can actually earn money if you pay your balance in full each month! Good luck.
USE SAVINGS. Credit cards are best left in tiny fragmented pieces. Years from now, you’ll go…”Oh, that’s what he meant.”
Have a look here.
If you must have a credit card, get one with no annual fee and which pays you back.
Personally, I use a Citibank Platinum Dividend Select Mastercard, which pays back 5% on gasoline, supermarket and drugstore purchases, 1% on everything else.
Use any credit card with extreme caution. If you don’t pay your balance off in full (and on time) every month, the interest rates and fees will dwarf any benefit you will get from using the card. Most people make the mistake of thinking a credit card will stretch their money because they can buy things they don’t have the money for. That’s dead wrong. It doesn’t stretch your money; it *shrinks* it. The reality is that you not only have to pay for what you bought, but interest on top of it. As a result, you’ll eventually wind up paying $121 for something that you initially charged for $100. It’s not a good way to live. Don’t get in over your head.
If you make an effort to spend within your means and pay off your credit card bills monthly, getting a credit card will help establish your credit profile (as you have a SS number). This will come in handy if you decide to remain in the US after your studies.
There are a variety of student credit cards to choose from. Most major credit card companies have student credit cards.
Most student credit cards also charge roughly the same apr (prime rate plus 9.99% seems to be the norm) and have almost identical 0% apr teasers (6 months in the norm). Hence, I think you should choose either a cash rebate credit or a reward credit card to maximize the benefits you get from using a credit card.
The Citi Dividend Platinum Select Card for college student was mentioned earlier and that is probably the best cash rebate card around.
Citi also has an interesting reward card called the Citi MTVU Platinum Select Card. It allows you to earn reward points and use it to reduce your student loan principal. You can also earn extra reward points for simply paying your bills on time and getting good GPA scores.
Discover, Chase and Citi also offer reward student credit cards which you should investigate.
My suggestion would be to get a student credit card, use it responsibly and build a good credit history. It would be harder to get a regular credit card if you had no credit history and if you were not a student.