College student credit cards can be found everywhere on a campus. It's one of the simplest temptations for young people to fall victim to. All it takes is some information and a signature to get a wallet full of "money ." So many students have found themselves deep in debt by the time they graduate. They have already compromised their future by injudicious use of college student credit cards. On the other hand, having this method of payment can mean the difference between making it through higher education and having to drop out. The secret to using college student credit cards is to create a plan and stick to it. The starting point, however, is choosing the right creditor and account.

When applying for a college student credit card over the Internet, applicants will have the advantage of being able to compare interest rates and terms from different companies and find the best deal. It is especially helpful to use a comparison website. These sites will let applicants search for a card with particular preferences then provide a list of links to cards that match. Here are some things to look for as far as preferences. Consumers need to know what the APR or the annual percentage rate is. That is the rate over the course of a year. It will be higher than the daily or monthly percentage rate. The APR is a good comparis

on figure.

Cardholders also need to be aware if the company charges late fees for late payments on a college student credit card. It's important to know the amount of these fees as well. Compare the amount charged by each company. They will differ. Find out if the college student credit card interest will change if the cardholder sends in a late payment. Some companies will raise the interest rate if a payment is late. It's also necessary to know the interest rate the companies charge for a cash advance. That is an important figure if a cardholder plans to get cash at certain times.

"A good man sheweth favors, and lendeth: he will guide his affairs with discretion" (Psalm 112: 5). Not everyone who lends does so out of good. Unfortunately, companies are just out to make a profit from lending. Young people need to learn this before getting into debt. College student credit cards can be a part of their financial education. How one manages credit cards now will establish a habit that will carry into work experience. Take time to sit down and plan the use of this payment method and keeping credit purchases to a minimum. This type of education is just as important as what is taught in the classroom. Cardholders need to take financial education as seriously as their career education.