Three things about credit cards
Eighteen is a wonderful age. when you eighteen years old you legally an adult. You can vote. And, you can get a credit card. As eager as you may be to get your first time credit card, many credit card companies aren’t so eager to give you one. Rather than putting in several credit card applications, target just a few companies that are known for giving credit cards to first-timers.
Credit Card companies see you as desirable and a good credit risk. In fact, you probably receive Credit Card offers in the mail quite often. Compare the terms and be sure to choose one with no annual fee and with the lowest possible interest rate.
And as new credit card holder you should to know three things about credit cards.
1. Credit Score
Credit Score is Important. Your credit score is a three-digit number that appears on your credit report. The higher your credit score is, the better your chance will be of getting student credit cards with low interest rates
2.Credit Cards Bonuses
Some credit cards offer cash-back bonuses on purchases, such as gas and food. These are great credit cards because you actually make money when you charge items, especially if you pay off the balance promptly.
3.APRs Vary.
APRs are the cost of borrowing money. Though many credit card companies are more than willing to give you credit, that credit comes with a price
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- Posted in credit card on October 16th, 2008
