Like any business, Credit card companies want to rope in as many customers as they can, and they definitely want as large of an applicant pool as possible. One way that they do this is by offering young people - people who have either just barely entered the work force, or haven't yet at all - special credit card deals for students. These special credit card deals tend to have very low lines of credit and not-too-outrageous introductory interest rates. The goal is to get you, the student, into the habit of having and using a credit card as soon as possible.
Often couched in cheerful terms about "building your own strong credit history," credit card deals for students will often include o% interest for a limited time of, say, six months, or a year. They can also include rewards points for using the credit card at specific establishments, and kids can even be rewarded with rewards for the maintenance of a high grade point average. Of course, since many students are too busy with school to work, very often the credit card company will not require a student to have any proven source of income.
Credit card deals for students make a lot of financial sense because they waive so many of the terms and conditions that are in place for all other people who aren't students. However, rest assured that those special terms and conditions expire once you're no longer a student. That means you'll see all those perks vanish, and your interest rates may rise far beyond what you were initially paying.
If you're a student, and you'd like to take advantage of special credit card deals for students, be sure to read all the fine print of the student credit card offers before committing to them. Sometimes you may overlook some of the small fine print in the contract so be aware of them and ask many questions. If you do your homework beforehand you'll be getting your credit card learning curve off to a great start.
