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|||Look at it this way. Each mile you earn with your credit card spending (usually 1 mile for every dollar spent) is worth about a penny or maybe two. (Work it out, if it takes 50,000 frequent flyer miles to buy a plane ticket worth say $500 then each mile you earn is worth a penny.) If you are a student, you are probably only going to charge a few thousand dollars a year on your credit card. Let's say $5000. That means you are earning $50 a year toward a plane ticket. But guess what? The cards that earn frequent flyer miles usually have annual fees that might be $60 or $80. So you would actually be better off with a card that has no annual fee but does not give you frequent flyer miles. And if you don't pay the bill every month, the interest on credit cards will also more than kill whatever you think you are gaining in frequent flyer miles. So the whole thing is a racket, don't forget that.|||What happens is that the student is tempted to view this as "free money" since there are not dollars bills floating out of his wallet at the time of the purchase, so it almost seems like they are getting something for "play money". But make no mistake about it, there is nothing fictional about the fact that this student has just racked up some charges on that college student credit card, and it will be a taste of stark reality when he starts to get calls from the credit card issuer asking for payments to be made on time.
Not all possible and available college student credit cards are right for everyone. You should avoid one that charges an excessively high interest rate, unless you know for a fact that you will be paying it off in full at the end of the month. Keep in mind that the credit card issuers are taking a bit of a chance on you, since you probably have little or no credit history established, and therefore the interest rate on virtually ANY credit card you are approved for is going to be higher than "usual", where "usual" would be the rate that perhaps your parents would get approved for, since they already have a credit history established.
Most college students today need a car, and many of them make the mistake of tying up all of their credit cards in paying for a car. This is probably the worst possible option for buying a car, since the interest rates will be astronomical that way. It would be much better to get a separate car loan and keep your credit cards free up for things you really need. You can get more information about getting a superb deal on a car loan, where many of these loans would be tailored for college students, at Car Loan Resources.Get a best student flyer credit card at: http://www.credit-card-gallery.com/Stude鈥?/a>|||There are student credit cards that earn frequent flyer miles (e.g. Citi Bronze AAdvantage for Students), but there are some even better rewards credit cards for students that pay you in Citi Thank You points or pay cash back toward vehicle maintenance, purchase, or lease.
To find the student credit card that will pay you the most rewards for your spending profile, check out the rewards calculator at:
http://www.creditcardtuneup.com/?card_ty鈥?/a>
Note that you should take a close look at the Citi mtvU card and the Citi Driver's Edge for Students card. Both of them can earn Citi ThankYou points rewards at a faster rate than most other student credit cards (depending on the categories in which you normally spend). And Citi ThankYou points can be used like frequent flyer miles to get airline tickets or on other things like gift certificates.|||See our 360 page. We earn 20 travel points per booking which is equivalent to cash and reimburse them on top of getting paid to travel the freakin world for actual money! How freaky is that, dude???
We don't have to wait for travel miles... they take forever.
Come join us and hope to meet you, soon!|||Actually - depending on where you are going to school - find out what major airline offers the most service in/out - that way when you do need to fly home for breaks you will earn double miles booking on line using that airline and that card.
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