Visa Student Credit Cards

The Visa student credit card is one of the most popular cards available today. The name is well known and accepted everywhere. When you fill out an application for one of these, you know you are going to get a card that has stood the test of time and can serve you well.

But are all Visa student credit cards created equal? Not at all. Each issuer has their own specific interest rate, yearly fee, late fee, over limit fee, cash back or airline rewards (or lack thereof). The variety seems endless. Some companies offer no or low interest for the first six months. Others offer no yearly member fee. That can add up over a number of years. Why should you pay, say $30 a year, for the priviledge of paying interest money to a company? If you can find a low interest and/or no yearly fee Visa student credit card offer, that could be a better one to apply for.

What are the requirements for college age applicants who want to get their very first Visa student credit card? Well it certainly helps if the person is employed and has a verifiable source of monthly income. Even a part time job can be okay. The company that offers the credit does not have any collateral to secure the debt on the card. This is called un-secured debt. With this kind of borrowing, the lender wants to know how the customer will be able to pay the funds back over time. They know that someone who has a job and a steady income of a particular sum every month will be able to make payments.

How do you compare Visa student credit card offers? Do a side by side comparison of ...

1. APR - The annual percentage rate of interest that you must pay. This is the biggest factor. Many cards charge super high interest rates.

2. Annual Fee - The once-per-year cost of having the card, even if you never use it. Try to find a card with no annual fee.

3. Credit Limit - The amount you may charge on the card. Many cards start out with low limits and then raise them after you show a track record of paying on time.

4. Late Fees - The penalty they charge you if your payment arrives after the due date. The credit card companies make millions of dollars in easy money from these fees. Don't contribute to that slush fund. Mark your calendar or set an appointment reminder in computer or your mobile phone.