Student credit cards are specially designed for those just starting to build their credit histories. These cards often offer unique perks, benefits and services especially for students.

Student credit cards generally have lower credit limits, higher interest rates, and more substantial fees than normal cards to off-set the added risk of lending to students. When managed properly, a student credit card can be an ideal way to start building a positive credit record.

Concentrate on learning good credit habits and spending responsibly. Your personal credit history will be enormously important in the future - make it a good one! Credit mistakes can take years to erase.

Before you apply - a few important factors to consider...

• To qualify for your own card, you need to be at least 18 years old with some type of credit history. If you don't qualify for your own line of credit, you may need to find someone to co-sign the account for you until you have established a good credit history of your own.
• You may also consider applying for a secured card. This type of card requires a security deposit, and will allow you a credit line equal to that deposit. This allows the company to offer credit on a low-risk basis, and gives you an opportunity to start building your credit record.
• Pre-paid or re-loadable cards may be a good option for teens and younger students. This way parents can control the amount of spending, while teaching their children good spending habits and financial responsibility.
• Introductory rates are usually short-term offers, lasting anywhere from a couple of months to a full year. Introductory rates may apply only to new purchases, balance transfers, or if you're lucky, both. Be sure to note any special conditions or fees that may apply to these promotional rates. Also, be aware that the long-term rates shown generally apply only to new purchases; interest rates for balance transfers and cash advances may vary.
• Note whether the APR is variable or fixed. Most cards have variable rates, which means the rate can fluctuate regularly. Fixed-rates can also be raised when interest rates climb, but the changes will not occur regularly and require at least 15 days notice from the card issuer.
• Be aware of annual fees, balance transfer fees, foreign transaction fees, over-the-limit fees, late payment fees, and the myriad of other fees that may apply. Check with your issuer and carefully read the fine print of the offer to determine these numbers and avoid any unpleasant surprises!