moonchild
VIP Contributor
If you are a student managing your finances can be a challenge, because you are mostly broke and all of your income is spent on textbooks, housing, and other expenses, this is where a credit card can come in handy for you. not only can it help you build credit, it can also provide you with the flexibility to make purchases you may not be able to afford.
As a student you should choose a credit card that has a rewards program. these can include cashback and points option that you can use towards future purchases. when choosing a credit card, consider what rewards program best compare to your lifestyle, as a student, look at what you spend on the most and then choose a credit card that has rewards based on that expense.
Another factor to key in is, interest rates, as student, you're always on a tight budget and you are alwayys looking for a way to save some cash, it's important to choose a card with a low interest rate to avoid getting in debt. understand the terms and conditions of the card before signing up. some cards offer a low introductory interest rate when you sign up with them and increases after a certain period.
Credit cards also often come with various fees, such as annual fees and late payment fees. make sure you understand the fees associated with your card and choose one that has the lowest fees possible. totally void cards with high annual fees, as these can add up quickly and eat away at your rewards earnings that you are aiming at.
If you don't have a large income which is normal for most student or credit history, choose a card with a credit limit that fits within your budget and that you feel comfortable managing in the long term.
As a student you should choose a credit card that has a rewards program. these can include cashback and points option that you can use towards future purchases. when choosing a credit card, consider what rewards program best compare to your lifestyle, as a student, look at what you spend on the most and then choose a credit card that has rewards based on that expense.
Another factor to key in is, interest rates, as student, you're always on a tight budget and you are alwayys looking for a way to save some cash, it's important to choose a card with a low interest rate to avoid getting in debt. understand the terms and conditions of the card before signing up. some cards offer a low introductory interest rate when you sign up with them and increases after a certain period.
Credit cards also often come with various fees, such as annual fees and late payment fees. make sure you understand the fees associated with your card and choose one that has the lowest fees possible. totally void cards with high annual fees, as these can add up quickly and eat away at your rewards earnings that you are aiming at.
If you don't have a large income which is normal for most student or credit history, choose a card with a credit limit that fits within your budget and that you feel comfortable managing in the long term.
