Forum about student credit cards
The first tip is not to let the big, bright "0 percent interest rate" on the front of the brochure fool you. That is the introductory rate. After a short period, usually just six months, it ends, and now you have to pay the credit card's real interest rate. The interest rate on a student credit card is typically a little higher than the rate for an older person's credit card, and is currently around 13 to 20 percent. Student default rates zoom up to 25 to 31 percent if your payment is even a day overdue.