Best credit cards and much more
Building a good credit rating early on will undoubtedly help after graduation when the time comes to rent an apartment or buy a new car. College students are typically bombarded on campus with offers for student credit cards. Research the advantages and disadvantages of the various lenders that issue student credit cards before choosing the one you will do business with; reviewing the terms of the credit agreement is a good place to start. Parent and student should also look for the card APR (annual percentage rate), the annual fee and fee for transferring balances from other cards, whether the lender requires a cosigner, and determine how much the student can afford to pay each month toward the outstanding balance. Student credit cards offer protection for online purchases, which is a huge benefit in itself.