Review of Central Michigan University Student Card



The Central Michigan University Student Card was last reviewed on : 21st February 2005

Summary - The Central Michigan University Student Card is a basic student credit with no reward programs. A percentage of the purchases made on the credit card goes to support the University's program.

The Central Michigan University Student Card has no annual fee. The APR is Prime Rate plus 9.99%, which is the standard average rate for student credit cards. You will get a 0% APR offer for the first 6 billing cycles for both purchases and balance transfers. However, this credit card uses the two-cycle average daily balance method for computing balance.

The Central Michigan University Student Card will apeal to their students who want to support their school. The annual fee (or rather lack of it) and apr is very much standard for a student card. Those who carry a balance or those looking to gradually reduce their credit card debt will be better off looking for a credit card which uses the more common average daily balance method for computing monthly balances.

Positives
  • No annual fee


Negatives
  • Uses the two-cycle average daily balance method of calculating monthly balances



Central Michigan University Student Card
Cost/Fees/Interest rates
Introductory rate 0% introductory APR on purchases and balance transfers for 6 billing periods
Annual Fee No annual fee
Purchase APR Prime Rate plus 9.99%
Balance Transfer APR Prime Rate plus 9.99%
Cash Advance APR 15.99%
Penalty/Default Rate APR Prime Rate plus 20.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method 2-cycle Average Daily Balance (including new purchases)
Balance Transfer fee 3% min $5.00, max $50.00
Cash Advance fee 3% min $10.00
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to but not including $250.00
$35.00 - greater than $250.00



Go back to the Student Credit Card Directory to look at more student credit cards

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