Ready For Your Very Own College Student Credit Card?Posted by Nick Niesen on October 29th, 2010 College student credit cards are a new marketing phenomenon. Two decades ago, college students never had the opportunity to take their pick of the credit cards currently available today. But with the changing needs of students all across America, it was only a matter of time before college student credit cards became a common medium of exchange. What makes college student credit cards different? Where can I find them? On the downside, you could be limiting your options to what these credit card companies have to offer. More often than not, many of the college student credit cards that are marketed on campuses don?t always have the best rates. They may, in fact, be quite high. To find the best rates, you might want to call up several credit card companies to see what their interest rates are or go online and shop around. You shouldn't be pressured to get a college student card offered on campus if you could get one with a better APR online. What good would a college student credit card do for me? A college student credit card can also give you your first taste of financial independence and responsibility. After all, you will be the one who'll be shelling out the cash to pay for your credit card bill each month. It can give you your first-hand experience in managing your money and teach you some valuable lessons in the process. Is plastic always fantastic? Many college students fall hard and heavy for the spending power that credit cards give. They go right ahead and charge a lot of stuff they don?t really need and can't afford to pay for at the end of the month. There are serious ramifications for this kind of irresponsibility. If a student allows his bad spending habits to continue, he could rack up a huge credit card bill that he is ill equipped to pay for. It's not uncommon to find a student struggling with a huge credit card debt even before he graduates from college. On the brighter side? Like it? Share it!More by this author |