Chase Ultimate Rewards Express Student MasterCard®
Be forewarned! The Chase student credit cards tend to cost more in interest. Apply only if you know 100% for sure that you ARE going to pay your balance in full every month. The method used for interest charges on this card is the "Two Cycles Average Daily Balance" method which will ding your bank account more than other financing charge methods. The rewards on the surface seem to be great, don't get me wrong, Chase does offer students some great rewards incentives but the benefit of the rewards could quickly be wiped out by the interest fees.
Reasons to apply:
Reasons not to apply
If you think you will carry an amount owing on the card month-to-month, it's going to cost you a significant amount more in interest. Make sure you are honest with yourself
when it comes to your bill payment habits. I know that when I was in college my payment habits were not so good. It took me years after college to pay for a few nights out
financed by MasterCard. Yeah, I had a great time but the years of headaches simply were not worth it. Get smart with your finances right now - Yup, the "old man" spiel or rather
wisdom