If you're a parent of a college student it might be a source of great anxiety. If you're students getting ready to begin the following stage of your life, it's another little bit of freedom that you've been waiting all your life to gain. What's it? Your first credit card.

Scholar bank cards have now been the subject of debate and controversy. Some argue that credit card companies are targeting the significantly less than responsible spending habits of college students. They're offering students a charge card understanding that money will likely be made in finance charges, late fees, and high interest rates. Additionally, colleges and universities often receive kickbacks from the charge card companies for allowing them to create booths on campus, send offers to students and parents on the university mailing list, and give students the offer they can't refuse. Colleges and universities selling student information to credit card companies is sometimes viewed as a conflict of interest.

Others argue that learning how to spend wisely and hopefully build a credit history should start as early as possible. If a credit card with a responsible limit is established, it could be the perfect time to create a confident credit report specially when most students aren't bogged down with other financial obligations like house and car payments and the expenses related to having a family.

If you believe that university student bank cards are right for your son or daughter, there are always Credit Cards For College Students a number of possibilities in two major categories. First, if a real unsecured charge card is desired, very attractive cards geared towards students could be found. Some give extra rewards points for the types of the typical college student purchases like books, music, movies, and food and normal points for all the purchases.

The interest rates on these cards are in a manageable level but like any credit card, students should practice good credit habits by paying the entire balance at the end of every billing cycle. Many cards have an introductory rate only 0% and no annual fee.

A number of these prepaid cards have helpful benefits including no annual fee, free automatic bill pay, and free e-mail and texting alerts with info on the card's current balance. Additionally, places like Western-Union and numerous others serve as places where money could be included with the card.