Getting College student Credit Cards - What you should Know

Alright, you are finally on college as well as you are applying for the first credit card. Are you experiencing any concept about how exactly credit cards really work? Studying on probably the most important credit card conditions will help you understand credit cards better. Let us discuss about some of the most commonly used conditions you will encounter when trying to get a credit card:

Applied Conditions When Applying for a credit card for college students
APR. APR or the annual percentage rate is the monthly interestthat the credit card company costs on your account every time you neglect to pay off your monthly balance. What this means is the lower the apr of the credit card, the greater it might be on your budget.

Several credit card companies offer a 0% Apr as part of their opening offer, which means the 0% price is only going to last for a particular time period. It’s great to consider benefit of the introductory offer as long as you be sure you can pay off your balance on time.
Continue Reading: Acquiring Student Credit Cards – What You Need to Know

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How the latest credit card rules will affect consumers

Significant changes in credit card rules have taken place over the past year, some more taking effect this month. The new rules were designed to make credit cards and debit cards more transparent to the consumers using them. Depending on your financial situation the new rules may help or hurt.

Brian Bradshaw is a stay-at-home dad. While his wife is working, he's taking care of the kids which does not come with a paycheck. A new credit card rule now prohibits Bradshaw from applying for a credit card in his name.

Bradshaw says, "Once you're married, you're a family. Everything is the family's. So the idea that I couldn't use my wife's salary for proof of income or that my wife couldn't use mine for proof of income I find kind of strange."

The new rule essentially says non-working spouses can no longer claim household income when applying for a credit card. Continue Reading.

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Credit Cards Aimed at College Students

The new rules restricting aggressive credit card marketing on campus, included in the CARD Act of 2009, seem to have reduced the practice, says a report from Credit.com.

The report cited a study from the Federal Reserve that showed, for instance, that the total of new credit card accounts opened by students decreased 17 percent from 2009 to 2010 Read Full Story

Have your first student credit card application today