| Best credit card to get for a college student |
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Elmira Nancy
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| Best credit card to get for a college student |
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I would like to know which credit card is best Some people tell me it's "Capital One" other say that's the worst since they get unknown charges, others say that the credit card from your bank is better. So which credit card has been best for you guys??? This is my first time getting a credit card (in which I hate them' cause u get addicted to it) so I have no idea of which 1 to get.
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Sat Dec 19, 2009 6:27 am |
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Raptor
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Don't know if you ever served in the military, but the USAA (member only) credit card is by far the best out there. I had several in the past from other companies and they all over time raise your rates as soon as they see you carry a balance. USAA over time continually lower my rates, due to my great credit and that I have money in savings. They truly adjust rates based on your financial condition, not like all other credit card companies that just raise rates for no reason, except to make more money from you. I currently have the lowest rate that USAA offers and I'm far from rich, I just have great credit and my years with them they know I always pay my bill. If anyone else knows of another company that actually lower your rates as your years of credit worthiness increases, I would sure like to hear, don't think there are many out there.
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Sun Dec 20, 2009 5:55 pm |
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iwillguide
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| hi |
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hi i think discover is good ..i found some details about it .hope it helps u
* 5% Cashback Bonus® in categories like travel, home improvement stores, department stores, gas, restaurants, pet stores and many more
* Up to 1% unlimited Cashback Bonus® on all other purchases
* 5% to 20% Cashback Bonus® through our exclusive online shopping site
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Mon Dec 21, 2009 9:41 am |
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No-Brainer
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| Re: hi |
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quote:
Originally posted by iwillguide
hi i think discover is good ..i found some details about it .hope it helps u
* 5% Cashback Bonus® in categories like travel, home improvement stores, department stores, gas, restaurants, pet stores and many more
* Up to 1% unlimited Cashback Bonus® on all other purchases
* 5% to 20% Cashback Bonus® through our exclusive online shopping site
The reason I use Discover is I pay my balance every month and take advantage of the rebates. If you are going to use it as money to get through college, there might be cheaper rates around.
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Mon Dec 21, 2009 12:26 pm |
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tanmaysnv
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If you are a college or graduate student, it’s important to understand that proper credit card management is a trait and skill that should be developed sooner than later in life.
Thanks !!!!
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Mon Jan 25, 2010 6:42 pm |
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C9Consulting
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My credit card is with my bank which is easier for me, efficiency-wise. Since my investment, savings, credit, and checking accounts are with the same bank it puts all the information in one place. This one location will make it harder for someone to tack on random charges or for someone to make random purchases on my accounts without me knowing it.
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Wed Jan 27, 2010 12:16 am |
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Creditnet_com
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Since the Credit CARD Act is now in effect, it will be a lot more difficult for you to get a credit card in your name if you're under 21. You'll either have to get a co-signer 21 or older or have enough income to support a credit limit. Currently, the law does not state what "enough" income means.
But if you are able to get an adult cosigner or you have enough income, you should get a student card with no annual fee. There are plenty cards out there that offer rewards for each $1 you charge to the card. But, since this is your first, what is most important is that you remember to follow your credit GPA:
Get some credit
Pay in full each month
Always pay on time
That is what is going to help you build good credit as well as establish good credit habits. If you have a car, try only putting gas purchases on it each month and then paying it off in full. Or, just groceries and paying it off in full. So really, if you decide to never charge to your card something that you can't afford to pay off in full, then you'll never need to worry about paying interest.
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Wed Feb 24, 2010 1:30 am |
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Creditnet_com
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Which credit card is best?
As I said, you should get one with no annual fee. And since you should plan on paying it off in full each month, think about what you'll be charging to the card and how you'd like to use the rewards.
Capital One cards are great because they don't charge foreign transaction fees. So if you're planning a study abroad or spring break trip outside the US, a Capital One card will be your friend. Not only will you be charged a 0% foreign transaction fee, but you'll also receive a good exchange rate (you'll charge the card in local currency, but you'll pay your credit card statement off in USD).
Discover cards are great, too, offering really good cash back rewards. If you plan on paying at larger retailers, such as gas and/or groceries, then a Discover card would be good. However, if you plan on using it at smaller boutiques, then keep in mind that not all places accept Discover.
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Thu Feb 25, 2010 2:56 am |
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justin
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quote:
Originally posted by Creditnet_com
Which credit card is best?
As I said, you should get one with no annual fee. And since you should plan on paying it off in full each month, think about what you'll be charging to the card and how you'd like to use the rewards.
Capital One cards are great because they don't charge foreign transaction fees. So if you're planning a study abroad or spring break trip outside the US, a Capital One card will be your friend. Not only will you be charged a 0% foreign transaction fee, but you'll also receive a good exchange rate (you'll charge the card in local currency, but you'll pay your credit card statement off in USD).
Discover cards are great, too, offering really good cash back rewards. If you plan on paying at larger retailers, such as gas and/or groceries, then a Discover card would be good. However, if you plan on using it at smaller boutiques, then keep in mind that not all places accept Discover.
This is really very beneficial to know that you have an option to have one of the card from these so that you can better use your credits in a possible way.
I can let this know to my friend who is planning to move to US for the studies.
Thanks
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Sat Mar 06, 2010 10:00 am |
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