Are student credit cards a worthwhile option?
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Are student credit cards a worthwhile option?

Are student credit cards a worthwhile option?


Updated: December 26, 2012

By
Add to Favorites:

Many people think that credit cards are only for the employed. This is not true, as there are a lot of students whom are not working and does have a credit card. Hence, if you are a student and are on the fence about whether or not a credit card is good for you, you would want to read this article. At the end of it, you might be able to decide whether or not a credit card is good for you. While it might seem a little confusing right now, with all the facts in hand, you might be able to decide whether or not this is right for you.

A student credit card helps to instill a sense of responsibility. Students will be able to properly understand money matters and control their expenses. When you learn about money from an early stage, you are less likely to make mistakes that will severely affect your credit scores. For this reason alone, it might be worthy of considering such credit cards. After all, you will never be able to formally learn about managing credit.

As an additional bonus, you can get to spend money when you want, and not necessarily when you get your paycheck. This is an area that most students get carried away with, and subsequently land in trouble. When there is something that you really want, being sold at a great price, it might make sense to buy it with a credit card and gradually pay it back over time. However, if you don`t plan this right, there are chances that you are going to end up with a lot of debt before you complete your education!

Student credit cards come with great offers like zero interest rates and no additional charges, which make it easy to apply and get one. However, if you apply for these cards, chances of getting rejected are very slim. With proper understanding of credit cards and an understanding about the repercussions, it is possible that students can have a good time when applying and using credit cards.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When Amazon.com was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading