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Credit cards for students can provide need access to cash for emergencies or as a way for parents to supplement their cash needs. A student can also begin to establish good credit. Good credit will serve you well throughout adult life. There are a few specific things that you should look at when determining which card will be the best choice.

Credit card rates can vary widely so pay close attention to the terms of each offering. Many of the more popular cards have an introductory rate of 0% for the first six months. Look at the terms of the card carefully to find out what the rate will change to after the introductory period is over. Rates can typically vary between 11% and 21% on most student credit cards.

With some student cards points are awarded for purchases. Reward points can be redeemed for things like cash, concert tickets, airline tickets, gift cards and many other things. Airline tickets are especially nice for students attending school far from their homes.

Credit card limits for student cards can be any where from$200 to $5k. Starting with a low limit at first will reduce the chance of the student going wild and spending money on items they really don’t need.

Some card companies require proof of income. If a student can’t provide income proof then a card company may require a cosigner in order to get approved for the card. Some cards don’t require proof of income or a cosigner. It all really depends on the specific credit card companies guidelines.

Cash back or rewards earnings are other feature of some student credit cards. Cash back varies from 1% to 5% usually based on the specific types of purchases. For example tuition or book purchases may receive a higher percentage cash back then grocery purchases.

In addition the above incentives you may also see cash advances, balance transfers, rental car insurance, online statements, online bill pay and travel accident insurance to name few more.

To make the right credit card choice you need to decide what benefits meet your spending requirements. By paying close attention to the terms of the cards you apply for you won’t get surprised in the future.