Think well through various aspects before applying for student credit cards

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Credit Card Applications » Research » Guides » Building Credit History » Think well through various aspects before applying for student credit cards

Think well through various aspects before applying for student credit cards


Updated: December 26, 2012

This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

When you are preparing for a trip as a student or looking to go away to college, you will be in a whole new frame of mind. The first taste of independence is quite addictive and many kids look forward to having their own means of payment in place. Having a credit card at this point can be quite exciting for many youngsters. It is a good experience as it teaches them to spend responsibly at a young age. However, making mistakes can prove to be quite expensive as well. Student credit cards are available to those who are over 18 years of age.

It is important when considering student credit cards, to begin with a lower credit limit. In some cases, students are given a large credit limit irrespective of whether they have the ability to pay it off on their own or not. Even if your guardian has given you the liberty of opting for a larger credit limit, make sure that you spend and pay off the monthly charges in a diligent manner. It will add to your credit rating and scores which will pay off very well in the near future.

Students tend to have a propensity to spend more especially when they are in college. Most often, a perceived emergency for the student is not an actual emergency; it may be something that can be put off for sometime in the future. But if you still intend to use the card, it is important to pay off the amount every month. The more responsibly you spend, the better you will fare and eventually you can get a higher credit limit for your good behavior from the bank itself. Learn more about the student credit cards available and see which one works best for you. Sometimes reward credit cards may seem quite interesting, but steering clear of these will be a good idea.

Student credit cards with rewards will have many additional fee amounts tacked to it. Getting discounts at all your favorite stores is a wonderful perk, but do think of the costs involved. Most of the time, rewards credit cards are aimed at making the consumer spend blindly for the banks to cash in on the charges. When using your credit card, do the numbers. Spend smartly and you will find that you can buy these so called rewards on your own without having to earn them by spending on your credit card. A wise spender will be earning a very good standing in the long run.

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.
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