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New website from Unicorn Multi Media helps students choosing their first credit cards and establishing a positive credit history.

(PRWEB) December 13, 2005 -- New website from Unicorn Multi Media helps students choosing their first credit cards and establishing a positive credit history.

Credit card companies will actively seek students as a credit card user as soon as they start college. Two main reasons make students attractive for creditors: It is known that people tend to stick with their first brand and education gives good employment prospects. Choosing a card is not just selecting the best bonus or rebate, students need to be careful in evaluating all the terms and conditions for each card they are considering. Credit Cards for Students (http://www.credit-card-for-students.com/) helps young people by presenting a selection of credit cards with their most important features detailed for further comparison.

Before selecting a credit card, it helps to have a budget that identifies income and expenses. Students need to understand who will be responsible for credit card bills. With this information, they will be able to determine how much they are allowed to spend responsively with their credit card each month. A number of factors will effect the total cost of credit. Credit Cards for Students gives extensive comparison of the following credit card features to help students find the best financial solution:

-Annual Fee: A yearly charge similar to a membership fee.
-Annual Percentage Rate: The APR is the cost of credit expressed as a yearly rate.
-Finance Charge: The dollar amount paid to use credit, includes interest and all charges associated with the transaction.
-Grace Period: The number of days before a credit card company starts charging interest on new purchases.
-Periodic Rate: The interest rate the card issuer applies to the outstanding account balance to figure the finance charge for each billing cycle.
-Transaction Fees: Some credit card issuers charge a fee for a cash advance, a late payment or exceeding your credit limit or monthly fee if the card is not used.
-Services and features available: Rebates, cash-back incentives or extended warranties, features that should also be evaluated in terms of extra credit costs.
-The balance calculation method: Helps determine the total cost of credit.

Most students, whether high school or college, feel that they are capable of managing their own lives. They want to be independent of their parents. Using a credit card can either increase or decrease the spending power, so by learning how to plan one's credit use make credit cards a great friend. It is wise to obtain at least one credit card while in college in order to establish a credit history and a way to cover most emergencies. Responsible students will establish a positive credit history and can use credit as an effective tool rather than an expensive financial trap. Thus student credit cards are surely a good way for students to start their own financial lives.



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Yes, low APR credit cards are on the rise. Many credit cards are competing for your business to give you the best and lowest rates available today. There are so many credit cards from you to choose from that they are doing all kinds of things to get your attention including lowering their interest rate and giving you no annual fees.

Why is this happening? Because there are so many credit card companies. They all want your business and this is an attractive incentive to get you to apply and own one of their credit cards. If you choose a low APR credit card over one with 19.99 percent you are sure to go with the lower APR.

The only problem is that sometime these 0% and low APR credit cards are only promotional ways to get you to apply and then later your interest rate will rise. Many credit card companies have low APR credit cards for a certain amount of time such as 3 months, 6 months and some up to one year. You will have to compare to find out which one keeps the lower APR after the promotional period to ensure you are getting the best deal around.

No matter what the reason low APR credit cards are here to stay as long as the companies are competing for your business. Just remember to compare everything they offer besides the lower interest rate. You may find that several credit card companies are now offering other wonderful incentives for you to apply with them such as reward programs.

No matter which company you choose, you will enjoy the low APR credit cards even if it is only for a limited time. You will be able to save money on your purchases because you will not have to pay any interest until the promotional period is over. Just be sure your balance is very low when the interest rate kicks in and you will be fine.