What’s the best credit card for a student with no previous credit history?
Credit Card
elise0969 asked:
Hi, I am trying to get my first credit card. So far the best cards I have found are a student Visa and a student Discover card. The Discover card has a 3% lower interest rate, but I wasn’t sure if it would be as easy to use as Visa. Also if there are any other cards recommended- student or otherwise, for someone who has no credit. Thanks for the advice.
Aaron
Hi, I am trying to get my first credit card. So far the best cards I have found are a student Visa and a student Discover card. The Discover card has a 3% lower interest rate, but I wasn’t sure if it would be as easy to use as Visa. Also if there are any other cards recommended- student or otherwise, for someone who has no credit. Thanks for the advice.
Aaron
July 28th, 2009 at 2:50 pm
Ida
Check out Orchard Bank, just google it
July 31st, 2009 at 5:41 am
Ruth
Go on campus and visit the booths offering credit cards. Compare the terms…VISA and Mastercard are virtually the same, so don’t worry too much about the distinction.
Just try to find a card with a 0% intro APR so you don’t pay any interest for the first 6 to 12 months. This way you can carry a balance without paying interest fees.
Learn more about credit, personal finance, and mortgage at:
August 1st, 2009 at 5:58 pm
Shane
You should start with a Department store card like a JC Penney’s or Kohl’s card. (Even a Sears card would be good, but now it has a Mastercard logo on it and can be used anywhere).
Those are good because they are department stores where you can buy some nice stuff like clothes and not get too carried away charging gas, groceries, coffee, student loans, etc. and get in over your head.
Get a card with a low balance (like $300 or so) and buy a few things you normally would pay cash for. Then pay off the balance right away.
You’ll get into the groove of paying your bills on time and you won’ t be too overextended.
Then one month, pay only a minimum balance and let the balance carry over to the next month and pay it all off the next month.
Once you do that some, over time, you’ll prove to lenders you are worth the risk and you’ll qualify for better cards at better terms.
If you just jump right out and get a big VISA card, etc. you will be very tempted to get in overhead and them BAM its too late.
Be reasonable and you will be rewarded.
August 4th, 2009 at 2:25 pm
Debbie
Go to your local bank or your parents bank. They will give you a credit card with a low limit. Use it cautiously to establish good credit.
August 7th, 2009 at 3:59 am
Joe
Discover isn’t as widely accepted as Visa but that might not be something to worry about since you’re jsut establishing credit. Not having as many places to use the card might actually help you keep spending under control in the beginning.
A great site to check otherwise is. Great for researching credit cards, rates, perks, etc.
August 7th, 2009 at 5:31 pm
Tonya
got mine from NHBS, Inc, their student credit card program are designed with the college students in mind….
all d best to you
August 10th, 2009 at 9:58 pm
Gertrude
In response to your question….none.
Get a job or another source of income to pay for anything that you feel you need to buy.
August 13th, 2009 at 9:24 pm
Andrea
should help you find the card that is right for you. I am with Chase and Discover, and I would never go with another company. Good Luck!