If you’re a student, the simplest way to improve credit history would be to get your first credit card. With the changest to the credit card law, it is now a prerequisite to have a co-signer. In this case, your parent or guardian can help you out. However, if you can show proof of your own income, you’ll be able to obtain your student credit cards without a co-signer.
In the following paragraphs, we will talk about tips that you ought to take into account before applying for your first credit card:
Go with a low rate card. Rates of interest vary from one student credit card to the next. Rates can go from 15% to 35%. Look for a minimal APR credit card to protect you from debt build-up in case you have to carry over your balance to the next month. Look out for credit cards that have unbelievably low variable rate. Keep in mind that variable rates can increase at anytime depending on the Prime Rate.
Read Full Article: Applying for Your First Credit Card
In the following paragraphs, we will talk about tips that you ought to take into account before applying for your first credit card:
Go with a low rate card. Rates of interest vary from one student credit card to the next. Rates can go from 15% to 35%. Look for a minimal APR credit card to protect you from debt build-up in case you have to carry over your balance to the next month. Look out for credit cards that have unbelievably low variable rate. Keep in mind that variable rates can increase at anytime depending on the Prime Rate.
Read Full Article: Applying for Your First Credit Card
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