1. What is the difference between a low APR and a 0% APR?
0% interest rates are temporary and generally last no more than 6 months. The low or ongoing APR is the rate that will determine how much interest you pay. The lower the APR, the better.
2. What factors should be taken into consideration when choosing a student credit card application?
The most important thing to look for in a student credit card offer is a low APR, as that will ultimately reduce the amount of money you spend on interest. Additionally, look for student cards that charge no annual fee, as that reduces the cost of borrowing money.
3. "Okay, I've got a student credit card, what do I need to do?"
Pay your bill on time, every time. A student credit card can really help build your credit history, but it can hurt if you neglect to make timely payments even just one time. This cannot be stressed enough. Always pay as much of your bill as possible and make your payments before they are due. |
