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To all the YF&Bers
Apr. 25th, 2007 09:12 pmAttention all college-age students, former students, and... young, fabulous, and broke people! (At least 18 or older)
What's your favorite credit card?
I'm 22 now, and I've yet to have a "real" credit card. My credit is already partially established by my student loans, my open bank accounts (including PayPal), and my contracts with T-Mobile and similar organizations. But it's not fantastic, and it's looking more like I'll need a credit card if I want to have my dream summer and travel around and see my friends.
I checked out BankRate.com and checked out some cards with low, fixed-rate APRs (the lowest was from Sovereign Bank, at 9.7 or so), low intro APRs, good rewards programs, etc... but I'm still not sure. What is your experience with credit cards?
I was contemplating the Citi mtvU Visa, which rewards students for a good GPA, paying off more than the minimum amount and regularly, and not having debt at the end of the year. Sounds pretty good to me. The new AmEx Clear sounded good too --no fees-- except the APR after the intro period is variable and can jump as high as 35%! So despite AmEx coming highly recommended for international use and protection, I don't know if I'd want it now. Besides, AmEx Blue for Students is supposed to be better for students. That's got the same variable interest rate, and my grandpa says banks are a better choice than credit card agencies.
What's your take?
What's your favorite credit card?
I'm 22 now, and I've yet to have a "real" credit card. My credit is already partially established by my student loans, my open bank accounts (including PayPal), and my contracts with T-Mobile and similar organizations. But it's not fantastic, and it's looking more like I'll need a credit card if I want to have my dream summer and travel around and see my friends.
I checked out BankRate.com and checked out some cards with low, fixed-rate APRs (the lowest was from Sovereign Bank, at 9.7 or so), low intro APRs, good rewards programs, etc... but I'm still not sure. What is your experience with credit cards?
I was contemplating the Citi mtvU Visa, which rewards students for a good GPA, paying off more than the minimum amount and regularly, and not having debt at the end of the year. Sounds pretty good to me. The new AmEx Clear sounded good too --no fees-- except the APR after the intro period is variable and can jump as high as 35%! So despite AmEx coming highly recommended for international use and protection, I don't know if I'd want it now. Besides, AmEx Blue for Students is supposed to be better for students. That's got the same variable interest rate, and my grandpa says banks are a better choice than credit card agencies.
What's your take?
