The Perks of 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 » The Perks of Student Credit Cards

The Perks of Student Credit Cards


Updated: December 26, 2012

Credit cards have become an essential part in most people's lives. There are people who cannot live without their cards. Even college students can enjoy the benefits that these plastic cards can offer. student credit cards are different, however, compared to a regular card, as these are designed to fit the lifestyle and the paying capabilities of a student. They are known to have limited options to pay, as they will have to call their parents or would have a part-time job for extra money. But it does not help much if you have to make emergency purchases. Students are confronted with daily expenses related to the whole college experience and can be difficult for someone away from home. Books, projects, clothes, food, occasional parties, and supplies are only some of the expenses any regular college student may face. These cards can provide perks to help the students enjoy their college experience and financial independence.

Credit institutions have designed special programs that are rewarding and favorable for students. Most student credit cards do not charge annual fees, unlike regular cards. They may also offer cashback rewards and freebies for using the card when making purchases. Some students may get lucky if they have cards that offer travel rewards points that they can accumulate to cover the cost of their trips back home or maybe a vacation somewhere with friends.

Student credit cards are easy to apply for, especially if the parents have good credit history. Banks would require a student to present his or her student ID and they might also do a credit background check to determine the source of income. If the parents are willing to pay for the credit bill, then the student is not required to have a part-time job to get approved. The minimal limit that a student can get will range from $200 to $500, which is within the means of any student.

Student credit cards will help the student create his to her own credit history from scratch. This will teach them how to be responsible with their finances and should only spend on necessary items. It will also teach them the value of paying their debts on time so they can avoid higher interest rates and they can improve their credit ranking as well. Responsible management of finances will prepare the student for the life they will soon have after college. After all, it would help any student prepare for life outside the academe as early as possible.

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: February 2, 2018

Nights are still drawing out, the wind is cold, and the air smells like snow already - the winter is close. Christmas and holiday season are approaching swiftly, and overwhelming gift ideas are swirling chaotically in your mind. Ready or ... 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: January 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: January 10, 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