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About LinkBacksRates for student credit cards? Are they always higher or are there any thaat are not. I don't plan on carrying a balance but that's just one of those things you never know when an emergency will come up where you need to and when it does I don't want my APR to be an arm and a left just because I'm a student. Not fair!
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Green Member
- Join Date
- Jul 2008
- Location
- Northeast
- Posts
- 3
best interest rates on student cards
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Green Member
- Join Date
- Jul 2008
- Location
- New York
- Posts
- 6
Hi kcee.
The lowest interest rate I have seen on a student CC is the Citi Platinum Select card. They're offering 0% for 6 months and I believe it's 12.99% after their promo period.
Good luck!
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Green Member
- Join Date
- Jul 2008
- Location
- Northeast
- Posts
- 3
Thanks Susan I will check this out.
It's like my parents have cards that only charge 5% to 9% interest and then because I'm a student I get socked with rates of 20%.
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Green Member
- Join Date
- Jul 2008
- Location
- New York
- Posts
- 6
Well, maybe it's because your parents have a longer (and/or better) credit history than you do, rather than because you're a student. I have had a difficult time getting approved for some cards, and I always get higher interest rates, because I'm a stay-at-home mom and most everything is in my husband's name. I guess it just takes time to build a good "rep" with CC companies to get better rates and higher limits, be patient.
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Centurion Member & Moderator
- Join Date
- Jun 2008
- Location
- Smogland
- Posts
- 1,400
Don't worry it usually doesn't take long to build average to above average credit so you can get more favorable terms. I know people that are 20 and 21 that have been using credit cards since they were 18 and now they have high credit limits and low interest rates on good cards. Keep at it and you will build up your credit fast and get the lower rates.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.
Current Cards: American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Citi Thank You Premier
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Platinum Member
- Join Date
- May 2010
- Location
- San Diego, CA USA
- Posts
- 96
Check out Wells Fargo Student Platinum 11.99%. Your parents are less risk than you, thats why they have a lower rate. 2 years you will have decent cred and get some good rates/limits.
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