Student Credit Cards

During college is when most people get their first credit card. For many it is the first step towards establishing a credit history which will be valueable for the rest of their lives. For others it's the beginning of a cycle of debt that is very difficult to get out of. The difference is discipline and knowledge.

We suggest you first educate yourself by reading our guide Student Credit Cards 101. When your ready use the results below to find the best credit card offer for you.




Citi mtvU Platinum Select Visa Card for College StMost Popular Student Credit Card
Our Rating:
Intro APR:
0.00%
Intro Period:
6 months
Annual Fee:
$0
Setup Fee:
$0
APR:
15.74%

0% APR* for 6 Months on Purchases, Cash Advances and Balance Transfers
Get Five ThankYou® Points for Every Dollar You Spend at Restaurants, Book Stores, Record Stores, Movie Theaters, and Video Rental Stores
Earn One ThankYou Point For Every Dollar You Spend on All Other Purchases
Earn 25 ThankYou Points for Paying on Time
Earn 200-2000 ThankYou Points Twice a Year for Maintaining a Good GPA
Redeem Points for Gift Cards, MTV Events, and Airline Tickets
No Balance Transfer Fee With This Offer
No Annual Fee

Reward yourself for good grades and build a responsible credit history at the same time. Citi presents the mtvU Platinum Select Visa Card- specially designed with the features and benefits college students need most.

Stop Receiving Credit Card Offers

How many times per week does your mailbox contain an offer for a pre-approved credit card? If you're like most people, you are receiving between two and ten pre-approved credit card offers each and every week! In a time when everything is being made from recycled materials in an effort to help save our environments from excessive waste products that are filling up our landfills and polluting our earth- you probably find the number of pre-approved credit offers a big waste of paper. Particularly if you're not even considering obtaining a new credit card.

Unfortunately, the Fair Credit Reporting Act of 1970 (and ammended in 1990) gives the credit bureaus permission to sell your credit history information to credit lending companies. In order to keep it "fair" for consumers, however, the ammendment of 1990 allows for consumers to choose NOT to receive these offers.


Stop Receiving Credit Card Offers
How many times per week does your mailbox contain an offer for a pre-approved credit card? If you're like most people, you are receiving between two and ten pre-approved credit card offers each and every week! In a time when everything is being made from recycled materials in an effort to help save our environments from excessive waste products that are filling up our landfills and polluting our earth- you probably find the number of pre-approved credit offers a big waste of paper. Particularly if you're not even considering obtaining a new credit card. Unfortunately, the Fair Credit Reporting Act of 1970 (and ammended in 1990) gives the credit bureaus permission to sell your credit history information to credit lending companies. In order to keep it "fair" for consumers, however, the ammendment of 1990 allows for consumers to choose NOT to receive these offers. The selling of your credit history to credit card companies does not affect your credit score in any way, but may show up as an "inquiry" on your report. An inquiry is when a company has looked at your information, in order to determine your eligibility requirements. When an individual is not interested in getting more credit however, it seems ridiculous for them to receive so many "pre-approved" credit offers in the mail each week.

There are three things you can do to stop receiving these annoying credit card offers. The first, and the most fun, is not as effective as the second and third actions you can take, but is highly recommended anyway just for the entertainment value. Each of your credit card offers will most likely come with postage paid, return envelopes. Companies pay more than the standard rate of postage in order to get these envelopes- but only if the envelopes are actually placed in the mail. They pay nothing for postage on the envelopes that we just toss in the garbage. The theory is if you stuff other junk mail into the postage paid return envelopes and mail enough of them back to the companies, they will stop sending out unsolicited offers so that they are not paying for wasted return postage. While this could be really fun, and you might feel like quite the rebel when doing it, you may not get much of a result.

Each credit card offer you receive should have a fine print section that includes how you can prevent the credit bureaus from including you in the pre-screened lists that result in your getting credit card offer after offer. Most people never even see the fine print because the offer ends up being tossed in the trash immediately, or because, well, it's fine print.

The other two actions you can take to stop receiving credit card offers are to visit a website and fill out a formal request: http://www.optoutprescreen.com, or make a phone call to 1-888-5-optout. This is an automated service that is supposed to be run by the main four credit bureaus, so it should stop all pre-screened mailings that come from any of the four bureaus.

There is really very little benefit to receiving the countless credit card offers in the mail each week. It's wasting paper and time, not to mention providing you with offers that are probably not as good as the offers you could get if you actually called or applied for a card with the company sending the pre-screened offers. If you decide after opting out of pre-screened lists that you want to get a new credit card, you can use the internet to find a new card to apply for or simply call your local bank!

How Business Owners Can Choose a Credit Card.

Small business owners now have a wide variety of credit cards to choose from, and it makes it difficult to choose the best one for your small business. As a small business owner, you will need to decide which features you think that the company will use most often, and if they are worth using and having, before applying to a card. Many of the credit card companies now offer many attractive tools that can and will help each small business owner in their everyday spending and tracking. Also remember that it is harder to keep getting credit cards after the first couple, so choose wisely when choosing business credit cards.


Should you pick a business card that offers rewards or miles?

If you have no problem paying off the credit card debit each time the statement comes in, then the point rewards or cash back is the way to go for you. With the cash back and rewards credit cards, they give you rewards for spending money on everyday business needs, which is money you are going to spend anyway, so why not be rewarded for it. Another option to consider when choosing a credit card is the travel reward and miles credit cards. Do you or someone in your company travel on a regular basis? Then a travel reward or miles reward card is the type of card you might want to use. Most of the popular airlines have now teamed up with the credit card companies to bring business owners a reward for traveling for business purposes.

Should I get help tracking and reporting your expenses?

Most credit cards that are geared for the small business and even for larger businesses now, have a feature that is attractive in more than one way. The credit card companies can now track the categories that money is being spent on every month, and they can also provide a quarterly or annual spending report. This comes in handy during tax time. If you plan to use the same credit card for all of your expenses, this may be a great option for you.

Do members of your staff need to have access to a credit card?

Most of the credit card companies that offer cards to small businesses have a feature that allows employees of the business to also carry a credit card. This feature helps the business owner and the employee. When the employee travels now, they have the business with them to back them up in case anything should come up. Employees now can keep track of their spending for business related purposes a lot more efficiently now. The credit card companies can also track the credit card expenses separately so there is no confusion over who spent what. Not to mention the reimbursement paper work and waiting will now be eliminated. The credit card companies also allow the owner to set the amount of funds that are available to each card.

Small business owners also need to watch out for credit cards and the rates they charge with balance transfers and also with the APRs. This can be a great asset to a small business owner. Zero percent interest on balance transfers seems to be the going rate right now, and makes it nice to have an interest free loan for a little while, but beware! If you miss one payment you will lose that nice 0% APR and will have to pay the full rate.

Credit cards have changed so much over the years. They are very helpful to the business owners and their employees. Most credit card companies have now done away with the yearly fees that used to be associated with owning a credit card. So, if you are a business owner that pays the balance every month, these are the types of cards you need to apply for.

Credit Card Options for Minors - important!

If you’re like a lot of parents, your first thought upon reading this title was, "Are you crazy? Why would a child need a credit card?" But believe it or not, the reasons extend well beyond the shopping mall.

Credit cards are handy for children traveling abroad or even locally with school or a youth group. They won’t be renting cars, but they will be eating and almost every fast food chain now accepts them. It’s also something your child can keep handy just for emergencies. There are plenty of other reasons why minors should have credit cards, including as a tool to teach financial responsibility.

Giving a credit card to a minor really is a decision only parents or guardians can make. If this is something you’ve been considering, here are some options to consider.

It’s important to realize first that minors cannot have their “own” credit cards. Issuance of a credit card is a contractual matter and because of their age, minors aren’t allowed to enter into legally-binding contracts. Therefore, a minor’s credit card has to be attached to a parent or guardian’s account.


Secondary cardholder

Listing a minor as a secondary cardholder is easy. Applications and credit history checks aren’t required because what matters is the creditworthiness of the primary account holder. A secondary card might have a different account number, making it easier to track expenditures or to cancel if it’s ever lost or stolen.

But on the downside, the primary account holder assumes full responsibility for making all payments. Should problems arise, it’s the primary account holder whose credit history is affected.

Debit cards

These look and feel just like credit cards but there’s one big difference: no credit’s involved. Debit cards are linked to bank accounts and as purchases are made, funds are immediately withdrawn. The downside of being linked to a parent’s checking account is immediately apparent when the minor doesn’t control its use and the parent suddenly finds a depleted bank account. So do yourself a favor and find a bank that offers youth accounts. That way, your child can only use the debit card as long as there is money in his/her account. If spending is managed, youth debit cards are great for teaching children that they have to earn money before they can spend it!

Charge cards

The difference between a charge card and a credit card is that at the end of each billing cycle, the balance must be paid in full; interest doesn’t accrue. It’s another situation in which the minor is considered a secondary card holder. Because you can’t carry a balance with a charge card, it is a good way to stress the importance of managing spending.

Prepaid cards

These are cards onto which you load money that can be used for making purchases anywhere the other major credit cards are accepted. As long as money’s available, they can also be used at ATMs for cash withdrawals. When funds run low, all mom or dad or the child has to do is reload!

Info from www.creditorweb.com

Withdrawing Your Paypal Fund using Debit Card

Good news for Malaysian. We can withdraw money using our debit card. You can see at your account.

You can withdraw funds from your PayPal account to any credit, debit, or prepaid card with a Visa or MasterCard logo.

Funds Availability PayPal completes this transfer in 5-7 days, but your card issuer’s policies may affect the processing time.

Withdrawal Limits There is a minimum and maximum amount that you can withdraw to your card. To see the minimum withdrawal amount, click Fees at the bottom of any page. To see the maximum withdrawal amount, click View Limits on the Account Overview page.

Note: If you are withdrawing to a prepaid card, the amount that you can withdraw might be different from your PayPal account withdrawal limit. For more information, contact your card issuer.

Fees PayPal charges a fee for withdrawals to your card. Currency conversion fees may also apply. If the information in your withdrawal request is incomplete or incorrect, PayPal will charge a return fee. For more information, click Fees at the bottom of any page.

That’s from Paypal. Now, internet business in Malaysia can be expand easily. Fee was $5 and maximum withdraw was $500. I’m still not using this function yet because somebody alway buy my paypal fund. I just got a few cent left.

It’s was a good news after Google allow Malaysian to withdraw Google Adsense income using Western Union. We receive money faster after this.

Guaranteed Credit Cards for Bad Credit Folks

I just received an email from a reader :


“Hi Mr Credit Card, my credit has taken a hit but I do need a credit card. Do you have any suggestions for guaranteed credit cards for bad credit folks like me? I have been turned down by a couple of the major credit card companies. My score is in the 500s.”

Well, all I can say is that if you have a fico score in the 500 area, credit card issuers and any finance companies will consider you to be a sub-prime borrower. Therefore, the cost of credit to you will be much higher. There are credit cards that are specifically geared towards borrowers like this reader, but they do come with higher costs and fees. Here are the different types of credit cards available and the pros and cons to each one.

1. Unsecured sub-prime credit cards - There are many issuers of sub-prime credit cards. For example, First Premier Bank and Orchard Bank - now HSBC are two of the more well-known sub-prime issuers.

The thing to be aware of when you are apply for one of these cards is the fees. You will most likely be hit with one-time application and processing fees, annual fees and even monthly maintenance fees! I wrote about this in Bad Credit Card Application Fees and Fineprints.

Secured Credit Cards - You are almost always guaranteed to be approved for secured credit cards because you must put a deposit with the credit card issuer. The deposit will be your credit limit and if you default, it acts as your collateral. Most secured credit cards do not have any of the fees that unsecured sub-prime cards charge. They usually just have a reasonable annual fee. The only thing you really have to ask is if the secured credit card reports your payments to the three major credit bureaus. This is because this is the only way for you to rebuild your credit.

Prepaid Credit Cards - You may also see ads touting prepaid debit cards. Though they may be great because you are not extended credit, it also means that you cannot rebuild your damaged credit with a prepaid debit card. It is also more costly than regular credit cards or even a secured credit cards. So unless you got into this mess with uncontrolled spending, I would certainly not recommend a prepaid credit card.

Bottom Line - Even if you have bad credit, you can get a credit card. Most sub-prime credit card issuers will approve your application. You just have to be aware that you have to pay higher fees. If can settle for a secured credit card, then you will not have to pay as many fees as a regular sub-prime unsecured credit card