Today takes us to student credit cards. They are usually prepaid cards. Some tie to parent’s credit or debit cards. They usually have some parental controls. Make sure you look at annual fees and interest rates. They can be a good way for a student to build credit if not abused. Here is a link:http://www.creditcards.com/college-students.php
Brian’s Tax Musings
Hold everything! The IRS has made an announcement that it is actually more expensive to run a car than they thought. They have raised the business mileage rate 4.5 cents for July 1 to December 31 to 55.5 cents a mile from the original 51 cents a mile. (They should have done this in January, but being about six months behind the times, they naturally have to wait until gas prices start going down before raising the business cost per mile). Okay everyone, back to our regularly scheduled program.
Brian’s Financial Musings
There is a special breed of rewards cards – gasoline credit cards. They usually give you 2 – 3% of your purchase of gas and 1% of everything else. Some cards waive first year annual fee, some have no annual fee. Most let you redeem cash or a credit on your card. You can check out this link and compare them:http://www.creditcards.com/gas-cards.php