Recommendations+and+Advice+Group+4

 1. What credit card should i buy? 2. What are the APR's? 3. What type of interest? 4. How long is the grace period? 5. What are the fees? 6. What are the cash advanced features? 7. How much is the credit card limit? 8. What kind of credit card is it? 9. Does the credit card offer other features? 10. What are the penalties for late payments? 11. What are the benefits for having this credit card? 12. Will i be protected against hackers and stolen identity?**
 * __Credit Card Questions__

**__Recommendation__ Do College students need credit cards? - Yes college students could benefit from having a credit card because they may be far away from home. Most students are away from home for the first time of their lives. A credit card is good for emergency since they are so far from home.

How many credit cards should they have? - College students should have one credit card. Balancing one credit card is difficult. Most college students are doing it for the first time. One credit card is suitable for a college student. More than one becomes hard to manage especially for first time buyers.

What should their credit limit be? - College students should have a limit of $1000. Most college students do not need to pay for much. Most colleges have meal plans so students are not paying for food. Students may use this for books, emergencies, or luxury items. This is why the student does not need more than a $1000 limit.

What are the dangers of having a credit card? - The biggest danger of credit cards is debt. Students often use the credit card and spend money they do not have. Students buy items and can not pay back the money to the credit card company. Especially since interest is add on and late fees.

What advice would you give to someone who just got a credit card? - I would say use the credit card for emergencies only because with interest it is hard to pay back. Also sometimes you end up paying well over the ticket item cost because of the interest. If you do use the credit card to buy an item plan in advance and save up. This will make the payments easy and you may be able to pay off the item and bill quicker.

How much of a balance should you carry on a credit card? - The college student should not max out the credit card. The student should stay below using 30-50% of the credit card limit.

How important is the APR and the annual fee? - The APR is important because if you are in debt this interest will accumulate to a large amount. People with good credit have low APR's. The annual fee is important because it is the fee that is paid for using the credit card. These to fees are important to watch because if not the debt accumulated will add up to big sums.

What should you do if you have a credit card and can't make the payment? - If you can't pay your credit card payments then you will be charged late payments along with interest. You can request lower APR to decrease your debt. If you still can not pay off the credit card you can declare bankrupt. Then set up a payment plan and pay that off.**

__**Credit Card Recommendation**__ What do we recommend? We recommend Discover!

Why? Discover has a 0% introductory rate for 12 months on balance transfers and 6 months on purchases. Also, you can get up to 1% cashback. Overall, Discover had the best plans for payments and percentages. There is no annual fee. Also, there is useful rewards offered.