Apply for a Student Credit Card

Credit card issuers are offering more options to students who may have not have a credit rating but who have available funds and want to start building a credit history.

Many credit cards aimed at students also carry rewards programs which offer redeemable benefits such as music downloads, tickets for entertainment events, and wireless phone time. It is important that the cardholder understand exactly which spending activities will generate reward points before applying for a particular card.

Potential applicants should check whether the card offers a low or 0% introductory interest rate on purchases and balance transfers. Interest rates on student cards after the introductory period tend to be higher than average. As with most credit cards, student cardholders should aim to pay their balance in full each month in order to avoid interest charges. Many student credit cards have no annual fee, but this should also be checked.