Credit Tips: Best Credit Card for College Student

Posted On: January 1, 2006

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Posted: Thu Sep 23, 2004 11:13 pm
Post subject: Best Credit Card for College Student
Emily Callahan
Date: 3/5/2001 7:05 am CDT

To whom it may concern,
I am a currently a junior in college and would like to obtain a credit card for one specific purpose. The specific purpose would be to place the cost of summer housing (about 1,000) on the card and then pay that balance off by the end of the summer. I figured this would be better than taking out another loan. The reason for this is that the housing must be paid for before the summer starts however, i will not have the money. During the summer I will obtain the money from working a full time job. So, in theory could I get a card with no introductory fee and no interest for the first six months and pay the balance off at the end of the summer with no extra charges and then not use or cancell the card? I would appreciate any advice.
Sincerely,
Emily Callahan

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Posted: Thu Sep 23, 2004 11:13 pm
Post subject: Best Credit Card for College Student

Dani
Date: 3/5/2001 3:23 pm CDT

Emily:

I suggest the Discover Card. Six months interest free and no annual fee. First time card holders usually receive a credit limit between $800-1700. Also, Blue by American Express is a good one, but they require an established credit history. Hope this helps.

Dani

FYI: Make sure summer housing will accept all major credit cards. Someplaces only accept Visa and Mastercard.