Sensible Choice of a Student Credit Card

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Credit Card Applications » Research » Guides » Building Credit History » Sensible Choice of a Student Credit Card

Sensible Choice of a Student Credit Card


Updated: December 26, 2012

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

Being in school really needs a great deal of cash. With the school fees and a student's personal needs, having a student credit card is a perfect back up when he runs out of cash. It is then very important that you make a wise choice and do proper spending when you own one.

When there are no good schools or universities in the area, most parents would rather send their children to good universities in the nearby states than letting their children get poor education. While staying away from home and being independent could be exciting, this could also be a confusing stage for students especially with how they would manage their own money.

Most student are aware of the consequences of having a bad credit especially its effect when they leave college but with the increasing fees and needs to push through with a college education, sometimes incurring too much credit debt could not be prevented. While there are companies offering student credits to help students with their expenses, a lot are actually finding themselves having great difficulty paying off. The very reason is that they have chosen the wrong choice of a card plus an unwise card usage.

With the many fancy offers of different banks, a student may likely to fall on every offer which is not at all good. To be able to come up with the right choice of a student credit card; here are few things you need to look on before filling up that application letter:

Look for a bank that can offer you the lowest interest. There are some companies that charge the student real high interest when they are unable to pay their balance in full. To help you with your comparison, use an online credit card rate comparison tool so you will have an idea which bank can give you the best rate.

While most banks apply an annual card fee, there are some which does not. Since you are a student and is not earning yet, it will be unwise and impractical of you going for cards that collects an annual fee from you.

One's credit score or history determines the credit limit provided to him. More often than not, the higher one's credit limit is, the more spending we do. If you would like to limit spending, always go for the cards that offer lower credit limits. The lower it is, the lesser spending you do.

And the prime thing you need to remember is to spend only on important stuff.

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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