Building a credit history is not a one-night process. It often takes a lot of time and patience. People with excellent credit have proven themselves to be risk worthy for creditors. Nobody starts with excellent credit rating. That means that most people don't get the best credit cards with the best rates as their first credit card. The goal at first should be to build a great credit history and not necessarily receive the best APR in the market.
Chase +1 Student Mastercard is specifically designed for people with little or no credit history. If you are a college student with no credit history, you will need a card that will allow you to build your credit fast. Chase +1 allows you to do that by providing a generous credit line and no annual fee. Chase +1 Mastercard comes with an introductory rate of 0% for 3 month on purchases. But after the introductory period, the rate increases to 14.99% and could go as high as 19.99%. So the card is not designed to park large balances. Chase +1 card is a great credit-building tool if you pay your balances in full.
Chase +1 is unique in providing tips and tools to help cardholders master the art of building a great credit history. You earn Karma for paying on time and taking quizzes and you can apply your Karma point towards gifts or a great cause. Unlike many other no-credit credit cards, Chase +1 comes with standard features such as account management, Chase mobile, and no annual fee. In addition, you can transfer your high interest rate balances to this card. However, Chase +1 does come with relatively high transfer rates, which means you shouldn't use this card as a balance transfer card.
Chase +1 student credit card provides students with the perfect opportunity to build a great credit history. Everyone has to start from somewhere, but Chase +1 does not come with any notable fees. In addition, you can learn from the training tools provided by Chase to learn the art of building a good credit. Overall, Chase +1 student card is a great credit card that people with no credit can use as a stepping-stone towards getting better more reward rich credit cards in the future.
