Read about my passion for secured credit cards
Student credit cards also introduce the interrelated concepts of interest charges and late payment fees and illustrate how rapidly they accumulate on unpaid and overdue credit card debt. Student credit cards can even develop budgeting skills as the student learns to make (hopefully) sound choices on how best to utilize the credit balance. The wise lender views college students as risky to start and will issue student credit cards with low borrowing limits and higher than average interest rates until the student establishes a good credit history. That good credit rating will go a long way after graduation when the student decides to buy that first car or rent that first apartment. College students are typically bombarded on campus with offers for student credit cards.