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When I was a
student, credit card companies came out with cards that had high
limits. They were setting students up for a fall since they had little
or no income with which to pay back the balances and exorbitant fees
that were added when a payment was late or missed. I am so glad to
report that credit card companies have finally gotten it right.
Student credit cards
from Capital One and Discover Card offer viable solutions to the
problem of no credit for students everywhere. A credit card helps
students manage their finances now and in the future. The rates are
higher than a regular credit card, but not as high as some credit cards
on the market today. Interest rates are still less than twenty percent
APR.
Students immediately
earn anywhere from 1% to 5% cash back on the purchases that they make.
The additional service of online banking allows them be in control of
their finances. Online bill payment means no snail mail to hold up a
payment. The transaction takes place instantly.
Young adults are in
a unique position today. Credit card issuers realize this and are
making the transition from student to gainfully employed adult that
much easier. Take the time to read all of the terms and conditions to
find just the right card. Then, apply and brighten your future
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