Credit cards and college students don’t always go very well together, and let’s face it, it’s pretty unusual to find a student who is very good with money. So this is why there needs to be a credit card out there with a low spending limit and a lot of patience…
The patience is of course to wait for the payments that will never arrive. Call me cinical, but i know students and i know how unlikely it is to get them to pay their bills (it’s about as unlikely as it is to get them to tidy up after themselves sometimes.) So the type of college credt card you want is one that is prepared to offer you a low(ish) interest rate and allow you to make the minimum payments without hassling you until such time as you graduate and are able to pay off more and more. The credit card company of course will charge an extorionate amount of interest on the money in an attempt to try to prevent it every being paid off; they want a constant meal ticket you see and you’ll never be able to pay them off unless you make significant and regular offers.
Tags: credit cards, student cards