Applying for a student credit card can be a good move to build your credit history. However, signing up for the wrong card could put you in trouble. Many young people have found themselves stuck in the wrong credit card just because they didn’t take time studying their options. Here are tips that you must remember when applying for your first credit card:
Study your choices. We cannot overemphasize the importance of shopping around. Don’t sign up for a card based on its best features. Analyze all costs and fees associated with it and compare one student credit card to the next to find the right one.
Check out credit card reviews online. Read online reviews and find out more about the credit card based on the cardholders who have already used it. Reading reviews can help you narrow down your choices more easily.
Consider the rewards offered. Make the most out of your student credit card by choosing one with the right rewards program. Do you often spend more on refueling your car? If so, perhaps a gas reward credit card for student is a practical choice. Other rewards programs are cash back and travel rewards.
Check the details you input online. When filling out your application, make sure that you provide the correct details to speed up your approval. However, see to it that you are on the credit card’s official website to avoid the phishing scams and ID theft.
Read the terms and conditions. Never submit your application without first reading the complete terms and conditions. No matter how long it is or how small the prints are, spend time and effort reviewing your contract to avoid the wrong card.
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