College Student Credit Cards Comprehensive Guide for Students

    /24-7PressRelease/ - November 11, 2006 - Student credit cards are credit cards, not surprisingly, marketed toward individuals going to college. Typically, college students typically do not have much in the way of a credit history, which makes it somewhat difficult to get approval for a credit card. So in order to help college students and their parents learn more about credit cards for college students, including how to properly select one and how to stay out trouble with credit card debt, CreditCardAssist.com has recently launched a comprehensive guide to college student credit cards ( http://www.creditcardassist.com/student/creditcards.html ).

CreditCardAssist.com, a Los Angeles-based company that is owned and operated by Optimum Interactive, has long been a leader in the field when it comes to educating consumers about credit cards. The extensive library of articles ( http://www.creditcardassist.com/articles.html ) on the site is invaluable to those interested in learning more about taking control of their personal finances, while the extensive database of credit cards makes it simple for consumers to perform side-by-side comparisons of various cards. The recent addition of the guide to credit cards for college students is just one more method used by the company to better educate consumers.

"We understand that there are many students going off to college who may not have any type of credit history," said Rob Willard, Managing Director of Optimum Interactive. "Yet, in today's world, it is very difficult to manage your personal finances without the use of a credit card. Especially for financial emergencies that might come up, college students really need to have a credit card when they head off to school. At the same time, if the card is used irresponsibly, it can quickly lead to an overwhelming amount of debt. We want to help college students and their parents when it comes to selecting a student credit card, while also providing them with sound advice for using it responsibly. This is why we decided to add a guide to student credit cards to our website."

When it comes to selecting a student credit card, students and their parents will have two broad categories to choose from: prepaid student credit cards or traditional student credit cards. With prepaid credit cards for college students, the parent or the student must "load" money onto the card ahead of time. The spending limit is then limited to the amount of money pre-loaded on the card beforehand. This is an excellent way for parents to provide the student with an allowance while preventing a pile up in debt. But parents also need to understand that prepaid cards require more fees and charges than a traditional unsecured credit card will require.

With traditional student credit cards, the student will receive a line of credit, usually a much smaller limit than a traditional credit card which is typically somewhere between $500 to $1000 dollars. The student does, however, need to be responsible with a traditional student credit card in order to avoid becoming buried in debt.

In order to search and compare the incredibly wide variety of student credit cards available in the marketplace and to learn more about how they work and how to use them responsibly, visit Credit Card Assist.com ( http://www.creditcardassist.com ).

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