Choosing appropriate student credit cards

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Credit Card Applications » Research » Guides » Building Credit History » Choosing appropriate student credit cards

Choosing appropriate student credit cards


Updated: December 26, 2012

This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

When you are a student, there is always a need to have ample money for spending. Going to college is a very exciting time and being able to afford all your expenses is very exciting indeed. One of the best ways for students to learn financial responsibilities and be eligible to build a credit score from a young age is by being able to have your own student credit card. However, credit cards are a complicated affair and no child's play. Especially for a student, having access to credit cards can be quite exhilarating. It is important to have a hold on your expenses and know what you can afford.

Freedom to spend

Student credit cards are not easy to handle and many youngsters have ended up with debts because they were not fully aware of the charges of usage and the factors to take care. There are many banks offering credit cards with varying credit limits. This of course depends on the financial background of the person and the quality of their credit history. While this is not applicable in the case of students, the usage is to be handled with utmost care. Credit cards can be easily misused as it allows a great degree of freedom in spending. College students are the most susceptible as they tend to do lots of shopping ending up buying branded items which are fuelled by advertisements for the trendy youngsters.

Can you afford it?

The most important fact to consider about student credit cards is to be able to afford it. The fact is that often many students do not understand the ramifications of owning a credit card properly and end up with large bills and not enough money to pay off what they owe. Then the parents have to bail them out many a time. the important thing to do in such situations is to try to sort out the best way to deal with it, and be sure that you have suitable funds and can show employment to be able to afford the bills on the card. Recent changes in credit cards have changed how things stand and make it more difficult for the student population to be able to get them. Unless students are over 21 years of age or can show proof that they can afford the card, they cannot be eligible to get one on their own nowadays making things far better.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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