Get Student Credit Cards to work in your favor

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Get Student Credit Cards to work in your favor

Get Student Credit Cards to work in your favor


Updated: December 26, 2012

Learning to manage finances at a young age is important for a healthy financial life. If you haven`t still considered getting a student credit card for yourself, then you must look for options and get one soon. Even though credit cards run the risk of getting you in a financial debt, learning to use it properly can give lots of benefits.

Student credit cards have the extra benefit of the 0% annual percentage rate, or the interest rate. If you come across a card offering this, then you must read the details in the small print carefully, before making your choice. 0% interest rate means that for the specified period of time, there will be no interest charged for the outstanding balance on your credit card. The period for which this offer is made available is set by the credit card companies and is usually from 6 to 12 months. This can particularly benefit students who are new to credit cards and are learning to manage the finances. It is difficult to get it right for the very first time and having to pay interest for the outstanding balance is an added burden to students.

Even if the 0% interest rate cards charge little higher interest rates in the future, you can always get around it, by paying your bills on time. Use the interest free time to develop healthy spending habit, so that you can pay the bill in full amount every billing cycle.

If you are looking for cards that offer rewards, then there are numerous options here, too. Rewards ranging from air miles to gas points are offered by credit card companies to attract new customers. If you are looking for rewards that help you the most, then you must consider opting for cash back or point system. If you plan on using the credit card for your every day purchases, college books and other things, then having a credit card that offers cash back for all your purchases, will help you in the long run. Gas points can benefit you only if use your own car for transportation, but most students opt for a point system or a cash back credit card.

Learning to handle finances through a credit card is very easy. You must however remember that careless handling of credit card can land you into financial debts which can be difficult to handle for a student. Plan all your expenditure in advance to avoid any such circumstances take over your finance.

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

Related Research:

Top 5 Cards for Travel from Our Partners Winter 2017/18 – Expert Choice

Top 5 Cards for Travel from Our Partners Winter 2017/18 – Expert Choice

Posted: December 8, 2017

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: December 1, 2017

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Credit Card Tips For Holiday Shopping 2017

Credit Card Tips For Holiday Shopping 2017

Posted: November 27, 2017

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