If you are a recent college graduate and you have a good credit rating, then probably you want to get the best credit cards for recent college graduates. A credit card is something that everyone needs. You need one for major expenditures, emergencies, and even for a little extra spending cash. Getting a credit card is easy but it's not without its pitfalls. Here are some tips on how to choose the best credit cards for recent college graduates.
The first thing that you should look for when trying to get the best credit cards for recent college graduates is whether or not they offer rewards. Rewards can either be free entries into contests or other forms of incentives. There are also some credit card companies that offer cash back if you use their card to make purchases. This can both be very good and very bad for your credit score. The good thing is that the company has to charge a yearly fee to give you the incentive so you will still have the opportunity to save money on the purchases.
Another thing that you should look for when trying to find the best credit cards for recent college graduates is whether or not there are any annual fees. Some credit cards don't have annual fees because they are zero percent introductory rates. The reason that they have zero percent interest rates is because you don't have to pay interest for a certain period of time while you are using the card. The reason that it's zero percent for a certain period of time is because your monthly payment will be much lower. The bad part is that after that introductory period is over, your interest rate will be back up where it started.
Most credit cards that have annual fee are usually used by people who aren't as serious about building a good credit rating. If you are someone who doesn't intend on building a good credit rating, then these annual fees may not be that important to you. However, if you intend on building a good credit rating and paying your bills on time, then these annual fees will definitely be something that you need to think about. The best credit cards for recent graduates with no annual fee include the Discover Card from Chase, the Costco Card from Costco, and the Virgin Atlantic Credit Cards from American Express.
Now that you have looked at some of the credit cards for recent graduates with no annual fee, it's time to start looking at some of the perks that the different credit cards offer. There are many perks that you can receive just by having a credit card, and many of the cards are good for you. A lot of the perks are things like airline miles, cash back, merchandise discounts, and even frequent flyer miles. The best credit cards for recent college graduates offer these perks, but it is important to look into what each card offers before deciding which one to get.
When you are looking at credit cards for recent college graduates, make sure that you look into the interest rate. It doesn't matter if you are young or old, if you get a high interest rate, then you will pay more money every month. The best credit cards for recent college graduates should be well known for offering low interest rates on their student cards. The last thing you want to do is get a credit card and end up paying more in interest than you were when you first got your card.
Also, make sure that when you are looking at credit cards for recent college graduates, you take the time to read all of the terms and conditions that come with the card. This way, if you find something that doesn't meet your needs, then you don't have to cancel the card. However, you don't want to keep the card because you found something you don't like about the card.
The best credit cards for recent college graduates should offer low interest rates, a long period of grace to pay off the balance, rewards programs and low late fees. If you use the credit card wisely, then you will find that it is worth it. Don't forget to compare the different credit cards before you apply so that you can find the one that is right for you.