Dear Mr. Suffrin: I am a 19-year-old college student and got my first credit card two years ago.
I have only been late with a payment one time and carry a low balance.
I keep getting other credit card offers in the mail that offer balance transfers at a lower interest rate than I am paying now.
What kind of offer would make it worth my while to transfer my balance? - Credit in Norco
Dear Credit: You should be careful in transferring credit card balances often.
For students, the website CardWeb.com can help you pick the best credit card for students.
According to the website, the following three are the best student credit cards:
1. Ohio Savings Bank Student Credit Card - the standard interest rate is 7.9 percent for platinum plus accounts and 13.99 percent for preferred accounts. No annual fee and 2.9 percent introductory interest rate for balance transfers for 12 months.
2. Sovereign Bank Student Credit Card - standard annual percentage (APR) rate is 9.9 percent, no annual fee, a 2.9 percent introductory APR for balance transfers for 12 months.
3. Sun Trust Student - standard APR is fixed at 13.99 percent, no annual fee and 1.7 percent introductory APR for balance transfers for six months.
Students' questions about finances answered - only in the St. Charles Herald-Guide. Financial expert and school board member-elect Al Suffrin, a certified public accountant, takes on the tough questions from parish kids- and their parents - in an important weekly column everyone should read.