Student Credit Cards - why you need one and which ones are the best

Student Credit Cards – why you need one and which ones are the best

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Why do college students need a card?
 
It’s not only about having credit to be able to bridge possible financial gaps. There are other reasons to get a student credit card:
 
#1 Student cards are the best way to build or rebuild your

Credit length is a very significant factor in the credit score model. The sooner you start your credit history, the faster you will get to an excellent credit.

And why should you need to bother about a credit score at all?

A better credit score means a cheaper car loan, cheaper mortgage, easier finding rent and even better job opportunities.
 
#2 Taking advantage of extra perks and .

It is always nice to earn something extra for your regular spending. You can get from 1 to 5 percent back on your account when using the right card.

You can get or rewards points on your groceries, restaurants, movies or gas purchases.

Here are our Top Picks for today:
BankAmericard® Credit Card for Students
Pros:
•          No annual fee
•          Lowest interest rate
•          0% intro APR for balance transfers

Cons:
•          No rewards or bonuses on this card
 
Discover it® for Students card
Pros:
•          No annual fee
•          Up to 5% cash back on quarterly categories
•          $20 cash back prize for good grades at school
•          Doubles your first year cash back
•          0% APR on purchases for 6 months
 
Cons:
•          Rotating quarterly categories are not very convenient for maximizing your cash back

Citi ThankYou® Preferred Card for College Students
Pros:
•          No annual fee
•          2 points per dollar for dining and entertainment
•          Sign-up bonus worth of $25
•          0% APR on purchases for 7 months
 
Cons:
•          Double points apply only to dining and entertainment, not a students’ greatest expense.

More credit card tips  at http://cardsmix.com/student-credit-cards