When Should I Get A Student Credit Card?
A lot of young people want to know when they should get a student credit card. If you’re like most of us you’ve heard all the horror stories of getting a student credit card (or any credit card for that matter) and then soon finding out that the interest rate is so high you’re paying 18% every month and scrambling to get the money together.
Well if you’re a student you should get a student credit card ASAP! Why?
There are some really good reasons for getting a student credit card:
1. Start establishing good credit.
Most people are really sorry they don’t have any credit when they get their first car. Not having any credit makes you have to pay a way higher interest rate on your loans. Getting a low limit student card means you will have really good credit (maybe even perfect) and will get a great deal on your loan.
2. Start learning responsibility
You’re eventually going to have to learn how to use credit. Might as well start with your low limit student credit card!
3. Rewards!
Spending cash sucks. Every time you spend cash you get nothing back. With my credit card I get all kinds of awesome perks. Rebate, air miles, groceries, you name it and you can get it with your purchases!
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