Funding your education with student credit cards

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 » Funding your education with student credit cards

Funding your education with student credit cards


Updated: April 26, 2017

Add to Favorites:

Educational funding is always high on the average student's priority list among the various things in life. Gaining monetary benefits for education is anything but easy and if pondered upon may seem like a herculean task. For students who've crossed their 18 year mark, a student credit card can prove to be more than handy. The biggest perk of a student credit card is that students needn't have income as support.

Students can avail a high credit limit even if they have minimal to no earnings. However what could pose a problem is the fact that the first credit card isn't easy to gain. Since students would be commencing their credit card experience, they must ensure the card they choose suits all their pre-requisites. If picked smartly, student credit cards can emerge as a great option for those looking at being high on education.

The biggest upside of a student credit card is that it doesn't require applicants to have credit experience. Fitting the bill with their limited history, this type of credit is tailored to suit beginners. Consumers in this stage can go in for a minimum credit limit that has low charges attached to it. With a high credit limit after all, there are greater risks of debts. There's no annotation needed as to why student credit cards should feature a low interest rate. Eventually, it will help them pay less when maintaining the balance.

It isn't always easy to locate a credit card that proffers lowered interest rates, however scanning through the market carefully, students should be able to find one. To make the most of a student credit card, students must further ensure that every monthly payment is within the stipulated period. This will also keeps huge charges on the balance at bay. Some of the best cards in this category are those that aren't accompanied by an annual fee. Many financial institutions refrain from attaching a fee if consumers employ their credit card largely within the 12 month time frame.

Beginners must have all the information about the fees and features included in the credit card they are applying for. Though nearly all credit cards are labeled with late fees, students must try to avoid cards that bring with them avoidable fees such as an account maintenance fee. In addition to this, students can also choose credit cards that don't need a cosigner. In the long run this will help them become more upfront about using their finances intelligently. The "not so great part" about a cosigner is also that late payments by students will affect the cosigner's credit history.

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

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading
Cashback Match Lets You Double Your Discover Rewards

Cashback Match Lets You Double Your Discover Rewards

Posted: June 7, 2017

Discover has always been a leader in the cashback rewards game; with their generous 5% cash back in rotating categories offer, you can earn up to $75 in cashback rewards each quarter. But their latest card takes credit card cash back ... Continue reading