© Copyright 2004-2013 Niche Topics ™ All rights reserved  Terms & Conditions | About us | Sitemap  


SIGN UP for our free newsletter

Share |

  LATEST posts

All things that are written on this website are about our experiences and what have worked for us, or general information only. We are not telling you to do any of those things mentioned and we do not endorse any products found on these pages. We simply want to share with you what has helped us. Hope that you enjoy reading our posts and please come back regularly to read more!


   Contact Us   Advertise   Freebies   Share Ideas & Recipes |


  POPULAR articles





Home Money & Lifestyle Food & Drinks Health & Fitness Beauty & Wellness Pregnancy & Kids





  QUICK links

Insurance tips and tricks

Debt reduction and loans

Green cleaning and household tips

Personal empowerment and self improvement

Relationship building skills

Shopping tips, tricks and tweaks

About Niche Topics

Niche Topics (Money and Lifestyle) is about helping you manage your finances so that you live comfortably within your means. We share frugal living ideas such as save money around the house, cheap to make recipes, budget-friendly solutions for everyday living, recycling crafts, helpful hints to buy things without getting burned, and many more!

4 Easy Ways to Remove Shoe Odor and Sweat Stains


10 Unusual Alternative Uses for Baby Oil


5 Surefire Ways to Keep Your Grocery Bill Low


What Are Soap Nuts?


How to Get Rid of Cockroaches Naturally

The Rainforest Site

What Is the Best Student Credit Card



By Robert Banks


Student credit cards are great to have when you need help to pay for textbooks and other purchases but can also spell disaster if you aren't careful. When it comes to choosing the best student credit card, there are numerous choices available today. Do you know what are the things you should look for before you apply? Here are 10 tips to help you decide on what is the best student credit card for college students

What to Look for in a Student Credit Card

1. Low Interest Rates

You want to look for student credit cards that offer low interest rate. Anything around 10% or less would be considered low these days.

Also, make sure that these credit cards have fixed rate interest rates as well. A reasonable interest rate will save you from acquiring too much debt. And, if you intend to carry a balance for the next month, a low interest will be a big advantage.

2. Reasonable Credit Limit
You don't necessarily need a student credit card with very high credit line. Typically, the best student credit card will start with a low credit limit of $500 or less.

A low credit line helps you to live within your budget. A credit limit that's too high makes it too easy for you to charge more than you can afford, which can lead to debt. Use your credit cards only when absolutely necessary.


3. Sufficient Grace Periods
A grace period is the amount of time you're given before it starts accumulating interest in your account. Some student credit cards have grace periods of up to 30 days, but the average is around 23 days.

Be aware that some cards have no grace period at all which means you'll have to pay considerably more interest, even if you pay your balance in full each month.


4. No Hidden Charges
You also need to watch out for student credit cards that offer low interest rates but will weigh you down with additional fees. The two biggest culprits are late and over-the-limit fees. All of these fee amounts vary from card to card, as read the details about when and how they are charged to the account.

For example, some credit card companies charge over-the-limit fees of as much as $35 even when your account goes over the limit by as little as a dollar. Late fees are generally around $25 for most student credit cards, but some offer a leniency period which provides a few days past the due date for the payment to made without a penalty being incurred.

Additionally, you might want to get a student credit card with no annual fee or a reasonable annual fee and reasonable penalty charges.


5. Online Account Management
This conveniently allow you to keep track of your account online at any time. This way, there's need to travel to credit card companies for transactions, thus saving you a significant amount of time.


6. Incentives and Bonuses
Don't forget to look for a student credit card that not only allows you to spend but rewards you for your purchases as well. Some use points system that are earned with each credit card use and if you accumulate enough points, you may convert them for a variety of items.

However, keep in mind that student credit cards with reward programs often come with higher rates than credit cards that don't give rewards so you'll want to be very careful about being late on your payments.


7. No Unnecessary Promos
It's important for you as a student credit card holder to keep in mind that you need to build a good credit history for yourself by not getting into unpaid debts. Therefore, the best student credit card  should not bombard you with promos that are too hard to resist.


8. Check Credit Cards from Credit Unions
Don't forget to check credit cards that are offered by credit unions. Most are specially designed to benefit students and come with reasonable rates. Some credit unions even offer no annual fees.


9. Build Your Credit History
Of course, it's very important that your student credit card reports to the three major credit bureaus as this is the way to build our credit history. Don't forget the main reason why you're getting a student credit card is, to start building your credit history early.


10. Genuine Student Credit Cards
Last but not least, make sure that the credit card you're applying for is specially tailored to meet your needs as a student. Some credit card companies may advertise credit cards that "can be" used by students but in actual fact, they're just regular credit cards. Always, do your research and look for a credit card issuer that really has a separate credit card created for college students only.


Which Is the Best Credit Card for You

What is the best credit card to get and what features benefit you the most? Know the various types of credit cards available before you apply for one.


Get Discounts on Young Driver Car Insurance

How to save on car insurance for young drivers and get the best coverage?


Are You an Impulse Shopper?

How to stop impulse spending and regain control over your personal finances.


How to Make a Budget in 3 Simple Steps

Learn to create a personal budget plan that really works, and gain control over your finances.


10 Simple Ways to Make Yourself Save Money

Learn to make a budget, start saving, reduce debt and make the most of what you have.


Are Paid Online Surveys for Real?

Get the low down on paid online surveys. Protect yourself and your personal data with these useful tips.




what is the best student credit card