What is the APR (Annual Percentage Rate) charged on the card?
Most student credit cards come with great 0% APR introductory offers, but these typically expire in as little as six months. While it’s best to pay your card off in full every month, many students find that they do carry a balance. If that is likely to be the case for you, pick a card with a low annual percentage rate (APR). It’s not uncommon for interest rates to vary from 12.04% to 18.05%, so you will save quite a bit over the long term by going with the card with the lowest interest rate. 2. What is the introductory offer? Some cards offer a 0% APR for balance transfers, some a 0% APR on purchases, and a few offer this rate on purchases, balance transfers, and cash advances. If you have a balance on another card you may wish to transfer it to a new card. Think about how you mainly will be using the card—for purchases, or make a balance transfer from another card. Then choose the card that best fits your needs. As always, it’s prudent financial sense to take cash advances only in an
