Phyllis Said:

Student Credit Card Information?

We Answered:

This a greAt card..... The apr is base upon the balance being carried on the card and is charged once the account is over 30 days delinquent... If this your first card then balance transfers don't really apply to you.. If you did have other cards you could take that balance and transfer it to this card... If you did that then the card you transferred from would have no balance as it was applied to this card... If you were to do a balance transfer then the fee would be either $5 or 4% of the amount you transferred... That means that of that transfer, if $5 is greater than 4% then you would be charged $5

Darrell Said:

What's the best credit card out there for a college student?

We Answered:

The best cc is one with a low interest rate (APR) with no annual fee. It really doesn't matter what type you get, as long as you use it responsibly. Go to http://www.bankrate.com/brm/rate/cc_home… for a list of low interest cc's, etc. I am sure you receive tons of 0% cc offers. Those are ok, too. You most likely will be give a low limit of around $500 to start with. Make sure you only use it once a month for something like groceries, gas, etc. and pay off the balance in full before the due date. Never charge a cc if you cannot pay the balance off in FULL.

Nicholas Said:

Credit card with great bonus points for college students?

We Answered:

My vote is for the Citi® mtvUTM Platinum Select® Visa® Card for Students

# Earn 5 ThankYou Points® for every dollar you spend at restaurants, bookstores, record stores, movie theaters and video rentals stores
# Earn 1 ThankYou Point for every dollar you spend on all other purchases
# Earn 25 ThankYou Points for paying on time
# Earn 200-2000 ThankYou Points twice a year for maintaining a good GPA
# Redeem points for gift cards, MTV events, and airline tickets
# No balance transfer fee with this offer
# No Annual Fee

To apply for this card click here: http://www.apeepa.com/card_details.php?c…

If you wish to research other student credit cards, please click here: http://www.apeepa.com/Student_Credit_Car…

Willard Said:

Question about 2 credit cards that are almost identical?

We Answered:

Nothing what so ever wrong with this, they will show as separate trade lines and if you use them correctly they will help build your credit score quickly.

Use them for every day things that you would normally pay cash for and pay them off in full before the due date this way you never pay interest and build your credit at the same time.

If you find yourself in a position that you must carry a balance never let it exceed 30% of your total combined credit limit or your score will take a hit.

Jennie Said:

Is this a good credit card for a college student?

We Answered:

If you plan to use the card as you have your debit card - meaning, you don't intend to spend money you don't have, and won't run a balance - then the APR is meaningless. I have a Chase card that came with a 29% interest rate right out of the gate, but since I never run a balance, I have never paid them a dime in interest; they pay ME, because it's a rewards card, like the one you're looking at.

However, if you DO plan to run a balance, then any mistake, even being an hour late with your payment, will jack your rate up to 29.24%. The terms listed also allow for "universal default," wherein they can raise the rate to 29.24% at any time if they see something appear on your credit report that they don't like. Furthermore, if you run a balance of any kind, your purchases will start costing you interest from the moment you make them.

So be careful. This could be a good deal if you don't run a balance, but credit cards ARE the devil. You can't live in the modern world without one, unfortunately, and you sound like a responsible person, so good luck with it, and watch out for the traps they will set for you.

Edit: Cincinnati Reds, below, is partially correct. You definitely should have an emergency pad in the bank, and $500 is the usual minimum amount suggested. However, a debit card is not a good substitute for a credit card, for two reasons:

1) Usability. There are some things you can't do with a debit card. You will have a hard time renting a car or a hotel room with a debit card, for example. (What they're worried about is the possibility that you will not have enough money in your account at the end of the rental to pay the bill, even if you had it in your account when you began.) Also, some merchant pre-authorizations exceed the actual amount charged - gas pumps and restaurants mainly - which, with a debit card, means your actual money in the bank is frozen until the pre-auth expires, which can take up to a week. That in turn can cause you to bounce checks even when you actually do have the money.

2) Fraud. Legal limits on liability are much looser with debit cards than with credit cards if your card number is stolen. Most banks will work to get you straightened out, but they are not REQUIRED to do so by law as is the case with a credit card. Also, if unauthorized charges appear on your credit card, you're just arguing about whether to pay a bill, whereas with unauthorized debit card transactions, your money is already gone, and you're arguing to get it back. Which situation would you rather be in? :)

Edit: Jon K - because it's true. :) Credit cards ARE the devil. But the poster's point was that he doesn't want the answer "Don't get any credit card because they're evil," because that doesn't help him. And that's not the answer I gave him. I advised him that if you make a deal with the devil, you have to pay attention to the details. I also pointed out that we almost ALL have to make that deal. If he watches out for the traps, he'll come out okay.

Agnes Said:

Is there a way i can apply for a mastercard debit without applying for permanent resident?

We Answered:

Most banks will open an account for you and link it to either Mastercard or Visa, as long as you can pass the 100 point identity criteria.

Christy Said:

Best credit card plan?

We Answered:

Creditcards.com is a great 3rd party website about various different credit cards. It totally depends on what you want in your credit card: rewards, low interest rate, no annual fee, etc..

Discover More Card: Short term reward, short term promo..

Citi Dividend Platinum: Short term promo, but good cash back reward. High interest than Discover.

Visa Citi Forward: Long promo (1 year for balance transfer, 7 months 0%!), However could be higher interest than Discover.

You would have to explain which one is better for you. To me, no right or wrong answer. Why? Because you might want good rewards or a nice promo plan...I would suggest going to creditcards.com and see what student CCs they list, as well. Good luck!