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: December 26, 2012

By
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.

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

Related Research:

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

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