Student Offers

Average credit card interest rates for consumers and businesses changed during the first half of December, 2011 despite a stable US bank prime rate of 3.25%.  Not all credit card interest rates are directly linked to the prime rate and there are a variety of reasons why the average credit card interest rates might change even with a stable US bank prime rate.
December 2011 Average Credit Card Rates
In December, the difference between interest rates for individuals with good credit compared to individuals with average credit narrowed, dropping between a half a percent to 3.57%.   The overall average interest rate for all credit cards is 16.71%.
The only category of credit cards which did not change their average interest rates this quarter are business credit cards.…

Student credit cards are often perceived as a lure to get young adults in a cycle of debt. While it is true that the result of students using cards irresponsibly can be disastrous, it is also true the student cards can be beneficial to young adults just establishing their foundation of good credit.
Here are some of the ways student cards are key to building a good financial foundation:
Credit History Starts Early
Student credit cards cater to college students just starting out on their own. It is an ideal way for a student to establish a credit history early. A long financial history is just one element of a good credit score. Student cards report back to the major credit reporting bureaus and the…

The Discover® Student Open Road Card is Discover’s student version of its Open Road gas rewards credit card. One of the main benefits of this credit card is that it lets student earn extra rewards on gas and restaurant purchases with no annual fee. A second big benefit is the 0% introductory APR on purchases which lasts up to 9 months for those who qualify, of course.
Interest Rates and Fees
After the introductory purchases APR expires, the regular APR ranges from 12.99% to 19.99%, depending on your credit history. There’s a 23.99% cash advance APR and cash advance fee of  $10 or 5%, whichever is greater. If you fall behind on your credit card payments by more than 60 days or default on your…