Are student credit cards necessary?

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Credit Card Applications » Research » Guides » Building Credit History » Are student credit cards necessary?

Are student credit cards necessary?


Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.

As a student, you would want to be sure that you minimize your expenses as much as possible. It is necessary to keep a tab on your expenses so that you don't end up spending a lot of money without knowing about it. While it might seem easy to borrow money, you should still think carefully about doing so. Hence, when someone brings up the issue of student credit cards, it might be important to know more about what it is that you stand to gain from this option before simply going in for it.

Emergency money

One of the advantages of student credit cards is the fact that you get some spare money to dip into in case of emergencies. As students, the word emergency can encompass quite a lot! However, students need to use their own discretion and decide when to swipe their cards to purchase something. In this way, they can be in a better position when it comes to their money and not end up raking up huge bills on their credit cards. This card should not be abused and used carefully, only when the need arises for making use of it.

Paying for tuition

Another great reason to go in for student credit cards would be when you need money for tuition. This is something that you ought to seriously think about, since these cards normally have zero annual rates and can be used for a significantly large period of time. Hence, they do come in handy for these reasons, and you should be able to pay the tuition amount back little by little, which truly makes it a great option for those without money on them currently. Additionally, the cards can also pay for expenses that might arise while in school, if your paycheck is still a couple of days away.

Thus, when put to use in the right manner, the student credit cards are great cards to hold onto and probably take advantage of. It should be made clear that you would want to check out these options if you are still unsure about them and verify that you can handle holding onto a credit card. Not everyone is capable of handling credit cards and hence, it should be quite clear as to understanding the responsibilities that come with this card. If you feel you are not up to it, it is something that you should avoid and perhaps not really consider.

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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