Credit Cards for High School Students
Students in high school that are looking to start building their credit early can get high school
student credit cards. These credits cards can help teach high school students responsibility, and how to
manage their credit at an early age. These types of credit cards are issued to high school students, with a parent
or guardian co-signing with the student. Students who have these credit cards also have a sense of responsibility
Before applying for a high school student credit card, both students and co-signers should always look at their
available options. There are a lot of banks and credit card companies to choose from, which makes it in your best
interest to look around. Some cards will come with high APR and a high annual fee, while some are more reasonable.
With high school students not having any credit, some banks and companies will try to charge unreasonable rates -
which is reason enough to do your research and know the best deal.
Co-signers can normally help students to make the best decision. The co-signer will be going on the application
with the student, and will be the individual that the bank or company will come to when the student is unable to
pay the bill. Parents and co-signers will know the best deals for credit cards, which is students should always ask
them for help when picking out the ideal credit card.
For some students, prepaid credit cards can be an ideal investment. These cards hold absolutely no risk for
students, while they help to teach financial management as well. With these high school student credit cards, the
prepaid amount you have put on the card is your spending limit. To ensure that the application for is filled out
correctly, students should always have a parent or guardian assist them with filling the information out.
When a student gets their credit card, they should be instructed on how to properly use the credit card.
Although some students will be tempted to run up their high school student credit card, they should save it for
emergency situations. At the end of the month, they should try to pay their whole bill, to avoid getting into debt.
If a student can pay the bill - it will also help boost their credit.
If you are interested in a high school student credit card, you can always apply for one
online. The applications are processed in a timely manner, normally giving you a response in a matter of minutes.
Although credit cards are great to have, prepaid credit cards are
sometimes the way to go with students. If you are unsure - make sure you look into all options available to you and
compare what you find out.
Credit in Minutes Tip #1
Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report
every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them
with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets
Credit in Minutes Tip
Just because you qualify for all of those credit cards does not mean you should get them. A person with too many
credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially
stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?
Credit in Minutes Tip
The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be
true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time
will keep your score up where it should be.