Student credit cards can help students establish and build credit while earning reward points that can be used at student stores. Now is the time to start building your credit history.

Student Credit Cards

Many student credit cards offer 0% introductory interest rates, rewards programs and cash back incentives. These student credit cards are designed to assist high school and college students build up a positive credit history.

Taking the time to consider how you plan to use a student credit card can help you decide which one is best for your situation.

If you are the type of student who likes to pay their bills in full each month, you may want to consider a student credit card with a low (or no) annual fee.

Choose a student credit card with a low APR (Annual Percentage Rate) if you believe you will carry a long-term balance on your student credit card. A low APR will help keep monthly interest from quickly adding up.

Student Credit Card Basics

A student credit card affords you the luxury to make purchase virtually anywhere. No need to go to the bank or ATM every time you need a few dollars. You can also use a student credit card to take out a cash advance. You simply pay back a portion of the balance you owe each month.

The minimum monthly payment due is a percentage of the total balance you owe, plus interest. Many student credit cards offer 0% introductory APRs' (Annual Percentage Rate). There are other fees that may apply, including cash advance, late payment & annual fees.

In addition to helping establish a credit history, student credit cards can provide you with added benefits, including purchase protection, travel insurance, frequent flier miles, cash back bonuses & more.

Not only are student credit cards safer than carrying cash, they allow you to purchase products and services (i.e., higher education, car, home) now and pay for them over time. This can be extremely helpful in the event of an unexpected emergency (i.e., car repair).

Most student credit cards are unsecured, however there are some secured student credit cards available for those who cannot qualify for an unsecured student credit card or want to maintain tighter control over their spending.