Navigating the world of credit cards and building credit responsibly as a college student may seem a little daunting at first. However, even a surface-level grasp of their basic features can make this journey much more manageable.
The key elements to consider when selecting any credit card include the Annual Percentage Rate (APR), the presence or absence of annual fees, and the availability of rewards and cash back programs.
But first, let’s make sure we understand just what we’re getting into.
Understanding student credit cards
Student credit cards are specifically designed for college students with limited or no credit history. Their primary purpose is to provide a means for students to build credit while still in school. These cards often come with lower credit limits and higher interest rates due to the perceived risk of lending to individuals with no credit history.
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