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Do you have a child in college? If that's the case, they've probably already been bombarded with credit greeting card offers. Credit card companies are offering a number of incentives to entice university students into opening company accounts. They not only mail for them, they set upward tables where university students congregate and give from stuffed animals in order to pizza coupons to CD's to find the kids to submit an application - right right now. And kids becoming kids, students often go on and do it just to find the goodies. They view it as a no-risk scenario. They get the actual gifts, and in the end, don't have to make use of the cards once they arrive, so there is no cost - these people think. If they took time to read the small print, in many instances they'd learn in a different way. Warn your university student about this - because completing that application form is probably not in their needs. In fact, it may be costly for all of them (or you! ). Some of the people cards will have a hefty annual charge - added since the first "charge" on the new card. Others come along with monthly fees - some up to $20 per 30 days. Some have each. Your student may be in for the shock when she or he opens the first letter in the credit card organization and finds the statement showing a brand new balance hovering close to $100 - as a swap for that pizzas or teddy keep. Having a charge card on hand is usually a good thing for any college student, however the card should end up being chosen carefully. First, when the card will maintain the student's title only, get a copy of the credit report to determine their scores. From there you are able to determine if they'll be entitled to "good credit" card or will need to start with the "poor credit" greeting card. If they've experienced some financial difficulties, you may have to start with a secured greeting card, but using it well can help them build a much better credit rating. Once you choose which card is suitable, do your research. Or, preferably, get your student to complete the homework so she or he will be well conscious of the differences and steps to make a sound option. Compare the yearly fee (if any), the actual monthly fees (if any), the eye rate, the line of credit available, and the actual policies. For example, do interest charges begin about the day of the actual charge, or maybe there is no interest charges once the account is paid entirely each month? After which, look at the actual rewards - end up being they gifts to make application, points towards gifts later, or cash return. BestRateForCreditCards. com is the on-line resource with regard to credit card comparsions. View this post on my blog: http://cardcompare.valuegov.com/college-kids-targeted-as-new-credit-card-users/