The best thing on the market today is the 0% interest credit cards for 12 - 15 months on purchases and sometimes balance transfers. This is especially true for student credit card offers. When I was attending college there were always special offers for college students to choose a particular card. In most cases it was your school branded items that were the give aways. This is great marketing as the companies are hoping that you will graduate and become successful and remember who gave you your first credit card. What happens in many cases is that students charge well more than they can afford and only look at the minimum payment. This works for a while then when they leave school to head into the job market and not able to get a job right away the credit card is one of the first bills to be put on hold. This creates a bad financial situation as the credit score is lowered and it makes it difficult to gain future credit and even some employer look at your credit score for employment.
Whenever choosing a credit card company use sites like Credit Card Flyers to compare rates and special offers. Do not take for face value all the offers that you receive by mail or phone. They provide a very easy to use comparison page to showcase the different offers and what each one means so that you can pick the right card for your needs. So the next time you go to pull a credit card out of your wallet make sure to know what benefits you are getting or missing out on.
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