| How can a student with limited income and no | | | | Is a college student credit card really needed? |
| credit history get a credit card? By applying for a | | | | Yes, it is if they do understand that it can hurt |
| student card. Student credit cards require no | | | | them only if they do not use it properly, just like |
| income or co-signer. Usually these cards offer | | | | with anything else in life. It will affect them in the |
| small credit lines with reasonable rates.we will go | | | | future in many ways: Whether when they buy |
| over a few things that will help you decide if a | | | | their first car, or purchase their first home. It will |
| college student credit card is really necessary. | | | | also determine their interest rate, and their down |
| You need to talk to your children about the | | | | payment amount. It will also affect them on |
| responsibility of having a credit card: You want | | | | future loans and credit cards as well . |
| them to build a good credit. But if they misuse | | | | Once you have your card, start using it once in |
| the card, it could turn bad for them and their | | | | awhile. You want to be sure that you don't max |
| credit will be bad as well before they even | | | | out the limit and that you can always make at |
| graduate from college. Therefore, it is very | | | | least the minimum payment. Ideally, you should |
| important that they know to not get a bad credit. | | | | pay off the entire balance each month. You don't |
| Don't be afraid to compare credit card companies' | | | | want to ruin your credit with late or missed |
| offers. Just because you find an application on | | | | payments. |
| campus or in the mail, doesn't mean there aren't | | | | The best way to start is to give your student a |
| better ones out there. Search online for student | | | | Visa or Master Card debit card. Parents can help |
| credit card programs. Be sure to read the terms | | | | control how the student is spending their money. |
| of agreement to know what rates and fees they | | | | It will help put parents at ease using a credit to |
| are charging. | | | | pay monthly student expenses. |