What to look when applying for credit card?
By HSB
There are few things that you have to consider when applying for credit cards.
* Student Credit Cards
* Does that card have 0% Introductory APR for atleast 6months?
* Does the card have annual fees?
* What is the APR after introductory APR period?
Usually, all the credit cards will have at least 6 months free of interest ( i.e. 0% APR). After, that they would have mentioned under Terms and Conditions. Don’t apply for any card that has APR greater than 13%. If you don’t pay your bills by due date, you will be paying 13% interest, which is too much.
Also, check for Annual Fee. Some cars will have annual fee of $75 or more. So, find a card that doesn’t have annual fee.
Make sure you don’t accept any other offers that come with that card, like credit protections plans. They will charge you extra $7 to $15 for using that service. Usually, first month will be free, and it will be charged from second month. So, make sure you say no them it, as and when they give the offer. At times you will get phone call marketing to accept the offer.
Related posts:
- Applying for student Credit Card – 2
- Applying for student Credit Card – 1
- Education Loan for International Students without Co-Signer
- Timeline – Students Spending Habits in US
- How to Save Money on International Student Loan.
