Applying For Your First Credit Card: What Every Student Should Know

                                                                                         

Headed to college? Thinking about a student credit card as a symbol of your
independence? Before you fill out that credit card application, there are
certainly some things you want to keep in mind. 

CHOOSE THE RIGHT CARD!
The first step in applying for the student credit card to fit your needs is to
choose the right card, of course. There are lots of different kinds of credit
cards out there, and choosing the right one is essential to meeting your needs.
Take a look at some of the different cards you’ll be asked to choose from:

Prepaid Cards
Secured Credit Cards
Rewards Credit Cards
Airline Miles Credit Cards
Cash Back Credit Cards
Savings Account Credit Cards
Zero Percent APR Credit Cards
Balance Transfer Credit Cards

It’s best to find out a little about each before you make your selection. For
example, why choose an airline miles rewards card if you never fly? Make your
choice wisely so the student credit card company you choose is the right one for
you. 

READ THE FINE PRINT!
Once you’ve decided on a card that’s right for you, the next task is to
carefully read the fine print in the application. While this can be an
undertaking of monumental proportions, do not depend on the card company to just
“highlight” the information for you. At the very least, you need to understand
what your APR is for balance transfers, cash advances, and normal purchase, and
you need to understand how it is computed, and how it will be added to your
balance. You also need to be aware of any special fees surrounding late
payments, cash advances, and credit card checks. Moreover, make sure that you
understand whether or not the company you’ve chosen has a grace period, and how
that can affect you. Also, understand whether or not the card you’ll be carrying
comes with any type of annual fee, as those can be a bit of a surprise each year
if you’re not prepared. 

START YOUR ENGINES
The last step in this process is to actually apply for the card itself. If you
hate waiting, look for a card that comes with an instant online approval. This
means you’ll just have a few days until your card arrives, and by the time you
log off the computer, you’ll know if you have an account, and what your credit
limit is. Should you choose to apply online for a student credit card, be sure
that you’re using a secured interent connection. If you must apply in one of the
campus computer labs, be sure to clear your temporary internet files and your
cookies when you’re done so others can’t access that information after you’ve
logged off. 

While you’re filling out the actual application, be sure that you’re honest with
the company. Should they find out that you don’t make a hundred grand a year or
that you’re not actually a brain surgeon, it could have serious repercussions.  

Applying for your first student credit card is a huge step to financial freedom.
Following these steps may help in taking that first step.
 

About the author:
Larry Goldberg is a financial expert. as well as the proprietor of letsgetcredit.com .
Apply for Student Credit cards and get more information on credit cards and payday loans at LetsGetCredit.com.
Article Source: http://www.letsgetcredit.com/getting-started.php

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