Choosing appropriate 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 » Choosing appropriate student credit cards

Choosing appropriate student credit cards


Updated: November 14, 2018

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

When you are a student, there is always a need to have ample money for spending. Going to college is a very exciting time and being able to afford all your expenses is very exciting indeed. One of the best ways for students to learn financial responsibilities and be eligible to build a credit score from a young age is by being able to have your own student credit card. However, credit cards are a complicated affair and no child's play. Especially for a student, having access to credit cards can be quite exhilarating. It is important to have a hold on your expenses and know what you can afford.

Freedom to spend

Student credit cards are not easy to handle and many youngsters have ended up with debts because they were not fully aware of the charges of usage and the factors to take care. There are many banks offering credit cards with varying credit limits. This of course depends on the financial background of the person and the quality of their credit history. While this is not applicable in the case of students, the usage is to be handled with utmost care. Credit cards can be easily misused as it allows a great degree of freedom in spending. College students are the most susceptible as they tend to do lots of shopping ending up buying branded items which are fuelled by advertisements for the trendy youngsters.

Can you afford it?

The most important fact to consider about student credit cards is to be able to afford it. The fact is that often many students do not understand the ramifications of owning a credit card properly and end up with large bills and not enough money to pay off what they owe. Then the parents have to bail them out many a time. the important thing to do in such situations is to try to sort out the best way to deal with it, and be sure that you have suitable funds and can show employment to be able to afford the bills on the card. Recent changes in credit cards have changed how things stand and make it more difficult for the student population to be able to get them. Unless students are over 21 years of age or can show proof that they can afford the card, they cannot be eligible to get one on their own nowadays making things far better.

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:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

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
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!