Picking the right student credit cards

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 » Picking the right student credit cards

Picking the right student credit cards


Updated: December 26, 2012

Every student wishes to have financial independence and one of the best ways to achieve this is of course by having a student credit card for yourself. It is not possible for all students nowadays to easily get a credit card as the new rules have made thins rather more difficult but there is of course a loophole to every rule. Students under 21 may not get a credit card in their name unless they can prove eligibility and employment that shows they can pay for it on their own. With getting a first card being really difficult, this rule adds to the difficulties involved in acquiring the first card on your own. Earlier the credit card market used to target the college student population with the aim of wanting to make sure they get their money's worth. At that age most students would want and like the idea of having money to spend as they like.

It is important when considering a student credit card to make the decision very carefully based on careful study of the market and the cards that are available to students. There are a lot of different kinds of cards in the market including those that have different rates of interest, different reward programs and different annual fees. Make sure you choose one that you can really afford. Also it is important to learn to be responsible when using your card. Spending recklessly on parties and goodies can feel good but it will be overwhelming when a large bill lands at your door and you do not have enough to pay for it. It is important to close the outstanding amounts quickly every time. That way you will not have too much money pending and you can ensure things are going right.

The sooner you have things planned out with regard to student credit cards, the better it is, if you can get someone to co-sign a card for you despite being a minor you can get a card much easily and a good one at that. However co-signing a card means you are responsible for it, don't let your elders down by misusing it and having to have them bail you out of the large bills that accumulate. This is another reason for the new credit card rule to come into play; many unwary students have ended up charging to their cards more often than not and then finding themselves not having enough cash to pay their dues.

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: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... 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: February 10, 2018

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
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!