Which is the best credit card for a college student?

Question by Mike: Which is the best credit card for a college student?
I am planning on getting a student credit card before i go to school in the fall and I cannon decide which would be the best for me. I have it narrowed down to 3 cards…

1. Citi mtvU Platinum Visa for College students
2. Citi Forward Student Card
3. Discover Student Card

Please help me decide

Best answer:

Answer by Poppy
The best is no card, install your budget in a checking account and learn to budget. The credit card allows you to overspend with nothing but your meager funds to make payments with thus lowering your monthly cash.

What do you think? Answer below!

5 Responses to “Which is the best credit card for a college student?”

  1. B-bop says:

    I Totally denounce the anti-credit card for college kids. A checking account will not sufficiently boost credit. While budgeting is great, I recommend mint.com.

    IF you are wise and use the card for only things like REAL needs, e.g. gas, food, etc., you can get a ticket on the capitalism bus early.

    Some rules:

    Low Rates, Rewards, NO ANNUAL FEE!

    Pay IN FULL every month from your checking and/or savings account. The web makes it SO easy to manage money/pay bills.

    Do not exceed 35-40% of available credit for more than one billing cycle preferably never.

    If you can do that with one, then apply for three and NEVER EVER close them. That shows a lengthy credit history.

    DO NOT fall for retail % discount gimmicks. EVERY time you aplly for a credit card, your FICO score goes down.

  2. Maggie Mayfield says:

    I have both #1 & #2. Why Settle for just one? If you have fairly new or non-existent credit history I would go with the mtvU since as a student card it is easier to get accepted to. They both have the exact same perks, 5 thank you points for books, movies, restaurants, etc.

    I know you can get $ 100 in giftcards just for signing up for the Forward though through here: http://www.offers.com/citi/forward-r/ Which might make that one more appealing.

    Pay your bill in full every month and you can ignore and interest amounts. Also Visa/MC are more accepted than Discover.

  3. Ur Credit says:

    I personally thing that Discover card is the best student card because it has low rates and they have no annual fees, check out http://www.fastcreditcardapprovals.com

  4. Matthew says:

    When you’re deciding between these three, you should look at the interest rates for each. Have you thought about getting a pre-paid card which isn’t attached to your bank account (so that if you lose your card in the laundry room at the dorm, or at the Frat house, you don’t have to worry about some student getting into your account?) Also, there aren’t interest rates applied to them (sometimes different fees here and there, though).

    For college, it’s a good idea because you’ll definitely have other expenses that you’ll want to save your money for — instead of wasting it on overdraft fees. For some good advice on managing finances, budgeting and building credit, check out this group of articles written for college students, mostly by college students who have gone through the process: http://www.unigo.com/articles/beyond_tuition%5E58_managing_your_college_expenses/?taxonomyid=678978

    oh, and make sure the stores on campus accept your credit card… Your university might even have a deal with a specific or local bank that gives you an even better deal for buying things on campus.

  5. Matt says:

    All three of those cards are great. I work in the credit card industry, and the Forward and mtvU are the best among college students. Look at a site called findcollegecards, they give a lot of great reviews from the students themselves.

When do finance charges on credit cards apply?

Question by GOTHIC TARA J: When do finance charges on credit cards apply?
I heard that as long as I pay in full for the billing cycle, I will avoid finance charges. Is that true?
You see, they aren’t exactly clear in the fine print. They use a lot of flowery language and don’t directly state their policy.

I’m speaking of a Bank of America Visa card, by the way.

Best answer:

Answer by rtfm
Depends on your specific agreement with your particular credit card company.

Read the fine print on that multi-page document they sent you when you first got your card. I’m sure it’s spelled out there somewhere.

What do you think? Answer below!

2 Responses to “When do finance charges on credit cards apply?”

  1. mmene says:

    Yes, that absolutely is true. If you pay the full balance each billing cycle and the payment is received before the due date then you will incur no finance charges. In that situation all you have to worry about is whether the card has an annual fee (which is not a finance charge obviously). There are plenty of good cards that do not charge a fee and and you can go with any of them. Personally I use a Citibank card but don’t be biased by that, there are plenty of good ones around. I think you can go to bankrate.com to shop around.

    I have not paid a cent to Citibank in 15 years of using my card, but in addition to that I get cash back every year, so it is the opposite – they are paying me. There are other cards than Citibank that do this too but I am only familiar with Citibank personally. I think Bank of America has one too and probably many others.

  2. maxmom56 says:

    Usually, if you pay for purchases in full every month, you will avoid finance charges. However, if you take a cash advance, finance charges apply from the day the advance is taken until it is paid in full.

Credit life insurance on student loans?

Question by Kim: Credit life insurance on student loans?
I am a 25-year-old interested in taking out life insurance for myself. I have a mortgage-sized student loan bill, so I am interested in credit life insurance, but I don’t know if these are for mortgages or anything financed. I haven’t found much information on credit life insurance from reputable sites. Any thoughts?

Best answer:

Answer by mbrcatz
My first thought, is that debt is NOT inheritable. So why do you want to buy insurance to protect SOMEONE ELSE? If you die, they’re screwed.

Unless, of course, your parents cosigned for the loans . . .and then if you die, they have to pay.

But if no one cosigned the loans for you, I think it’s a waste of money. It only protects the lender.

Know better? Leave your own answer in the comments!

2 Responses to “Credit life insurance on student loans?”

  1. Tom Z says:

    First off you don’t need credit life insurance. If you die your debt dies with you.

    Second, in spite of the fact that your debt is extinguished if you feel there is some moral obligation just buy a standard term policy for the duration of your loan. So if you think the loan will take 10 years to pay off buy a 10 year level term policy. It will be cheaper than buying a credit life policy.

  2. Jag says:

    If you want to secure the large student loan, the cheapest option is to take a Term-10 or Term-20 life insurance policy. Such Term policy for $ 250,000 will cost you approx. $ 20/month if you’re a Non-Smoker. Or approx. $ 35/month if you’re a Smoker.

Q&A: How to file claim for credit life insurance?

Question by Juan: How to file claim for credit life insurance?
If my dad had credit life insurance on his auto, feel behind on payments, had it repoed then it went to collection comp then he recently died. How can i file claim if the loan is now with collection co? Just read auto contract that states it is valid for 4 more years.

Best answer:

Answer by JanessaCinn
You will need to contact the insurance company directly to file the claim with them. They will need a copy of the death certificate.

Add your own answer in the comments!

Comments are closed.

Lanyards and Their Utilizes

lanyards

lanyards

A lanyard is basically a cord or a rope that is tied close to the wrist or neck. Its primary use is to help you carry one thing tiny, but much more importantly assists you keep the object in sight and lowers your opportunity in shedding it. The first use of lanyards can be traced in military exactly where it was utilised to connect a whistle or pistol to the uniform. The most lanyards are made of fabric and are usually utilized in company situations, largely in company offices these days.

They support in holding the badge in area. Also they support in carrying other things like flash drives, mp3 players or any small gadget. In offices lanyards come genuinely helpful as there you have more opportunity of losing this sort of small objects in a hurry. It is also utilized these days as ID strap or protection strap. It helps the employers in corporate homes to determine their staff. And in restricted safety offices lanyards are necessary to carry your identification.

Lanyards are also utilized by sports activities individuals and also by people who want to stand for a cause such as AIDS. Wristbands of the Livestrong Basis grew to become fairly well-known with folks all across the world when Lance Armstong introduced it to create money for cancer clients. As lanyards are extremely well-known components these days they come in numerous sorts, of various shapes, measurements and colors.

The most common sort of lanyard is the badge lanyard. It is primarily employed in offices and businesses due to protection factors. It is also beneficial in the identification that the particular person belongs to the distinct firm or agency. For protection reasons, these days employees have a distinct bar code imprinted on their lanyards so that they can use for entry into their respective office. In some instances it is also utilised for the publicity of the company or enterprise. All personnel then are required to use the lanyard getting their company’s logo or name.

As lanyards are widespread form of accessory, then come in numerous designer brands. A single can typically see celebrities and passe-temps people wear a specific sort of lanyard. One particular can use them also to assistance a certain sporting crew or a lead to a single is standing for. These designer lanyards can be identified adorned with pearls, jade and other valuable stones and crystals. These superbly produced lanyards are used to adorn cell phones, glasses or handbags much too. They are regarded the new in thing in many university campuses and one can see numerous sorts of lanyards used by the students.

Some lanyards come in genuinely useful when you want equally your fingers cost-free and do not want to carry any little object. For case in point when you are likely climbing, working or camping, we always want our palms for the stability as well as for various other issues. In these instances you can merely connect your most important necessities like a penknife, telephone, bottle, and so on to a lanyard. These lanyards arrive with clips or snap hooks and can be connected anyplace you want.

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Secrets to Building Business Credit in 90 Days!

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Latest Business Credit Card Auctions

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