Student Credit Cards: Features and Benefits
This article will look at a few of the different features available with any credit card and what you should take into account when deciding what card to acquire. You are in a great position to get what you want in a credit card because there are so many credit cards on the market these days. When looking at a card, there are certain features you will want no matter what card you want in the end.
The first part of this article on the features and benefits of student credit cards will talk about the major factors involved in any credit card. The annual percentage rate is a major part of any card. If you do not pay your balance off in full every month, the remaining balance which you do not pay off is subject to finance charges. How much you have to pay in finance charges comes as a result of multiplying the remaining balance by the annual percentage rate.
The security of the card is very important as well. With the amount of credit card fraud out there, you want the assurance and backing of the credit card company that they will fight any charges which are not legitimate. There are certain policies and procedures which are standard across the credit card industry but having a card with a company which will work quickly if something bad happens is what you want. Look into whether you have to pay an annual fee or not. Some credit cards will have an annual fee, especially for people with limited or no credit history. Some credit cards will offer rewards as well.
You have just learned about the major features of credit cards. Take a look out there for a card which will charge a low, or no, annual fee. See if there is any fee if you pay your balance off in full every month. Some credit card companies will do this because they do not like when people pay off their credit card bill in full. In the industry, these people are called "deadbeats." Pay attention to what type of rewards you may receive. Depending upon what you like, you could be paid cash or get airline miles for using a certain credit card.
A feature standard for almost all student credit cards and one you should demand out of the credit card you choose is online account management. With your credit card bill coming only once every month, many things can happen in that time. You may run up the bill if you are not paying attention to where you are spending money. Online account management will allow you to check your balances and make sure you are not spending more than you can afford to pay off the next month. This allows you to keep a better track of your expenses.
You can find a great deal of cards very easily by Googling the term "student credit cards." If you compare the different cards you like using the major features and benefits explained in this article for student credit cards will allow you to find the best card for you.