Tips and Tricks in Owning a Student Credit Card


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Tips and Tricks in Owning a Student Credit Card

Tips and Tricks in Owning a Student Credit Card

Updated: December 26, 2012

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

Many students today own a credit card. If handled with care and a strong sense of responsibility, owning a student credit card actually has many benefits. So if you are thinking of owning one, you should also consider the duties that come with it.

Owning a credit card can be quite convenient. If you are enrolled in a course that requires you to purchase costly resources such as books, then you will not delay the purchase even if you do not have the money yet. Thus, a student credit card can come in handy. Your studies should not suffer just because you do not have sufficient cash right now. Whether it is for a laptop, books, or other equipments, you are immediately able to get what you need for your studies and then pay for them once resources are available.

The most important thing to be emphasized about owning a student credit card is that it does not give you any access to unlimited supply of money. Whatever it is that you charged with the credit card, you will have to pay for it later on. If you are not able to pay for the monthly payments, banks will then be able to charge you high interest rates. And this will continually increase as long as you do not pay for the full amount of your debt.

You should also take note of your credit history. Being unable to pay for your credit card responsibilities will earn you negative points with credit bureaus. This will affect your future transactions with prospective employees and other financial institutions.

Before you get a student credit card, make sure that you are aware of the different fees that the credit card issuer may charge you as well. These fees include monthly rates for late payments, or even rates for availing of cash advances.

However, most of these credit cards have a fixed credit limit that is suitable for the student's lifestyle. This, of course, could be increased if you are able to show any proof of income.

You should also check for the rewards program of a credit card. Find a credit card issuer that has a rewards system that best fits your needs as a student. This may be in the form of cash rebates, discounts in shops, or other bonus points that you can earn.

Indeed, a credit card can bring a lot of convenience for students like you. The key here is in knowing the responsibilities associated in having your own credit card.

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!