Great part of the students will try to apply for credit cards at some point during their time in high school or college. Student credit cards are a great way for young people to enter the world of finances in a relatively safe manner.
Whether it’s paying for books, buying supplies or purchasing a monthly bus pass, student credit cards can be extremely practical and convenient; particularly for students who are away from home and without cash at any given moment.
The cards typically have low loan amounts and may even come in prepaid versions to eliminate the student's ability to rack up a large debt. For students at colleges and universities far from home, credit cards may be a necessity. Many unforeseen expenses may arise like food costs, entertainment, extra books, bus tickets and much more. Parents may find it difficult, if not impossible, to repeatedly transfer or send money to their child. Credit cards offer another option that can be easily monitored if the right card is chosen.
How to Get A Student Credit Card
Credit card companies recognize that college students are an easily accessible group of people who may want or need credit cards. To simplify credit card use, obtaining a student card through the student' s bank is often a good choice. Many banks now use on-line banking, which would allow the student to view the amount of money in her bank account in conjunction with her credit card debt and balance. Generally she can also pay her credit card online with the same website that she uses to view her checking and savings account information.
Instant Approval Student Credit Cards
Beware, many “instant approval student credit cards” are in fact prepaid cards, which will not offer students the line of credit they are seeking. Credit card rates and limits, similar to private student loans are based on credit history, and are typically subjected to higher interest rates.
College students can apply for instant approval student credit cards easily online. The application is verified securely and the instant approval is generated online or sent through an email. When you apply, you receive an immediate response stating whether you have been approved, declined or more information is required. To get your application approved, you need to have a good to excellent credit history. Certain circumstances may lead to a delayed response for your application. A student credit card usually works the same way as any credit card that has been issued.
When applying online, the applications would first require that:
- You should be at least 18 years old.
- You should have a valid Social Security number.
- You should be a college or a graduate student.
The personal and other information you need to furnish are:~
- Your name in full, date of birth, and citizenship or permanent residency.
- Your home address, email, and telephone number.
- Home address and contact details of a relative.
- The address to which the card to be dispatched, and your billing address.
- Details of your college - name, city, and state.
- Enrolment details, such as full time or part time, and current class year.
- Information about your bank account and the type of accounts you have.
Find What You Need, read all the small lines
The best credit cards are always those that come with high credit lines and very low interest rates. Unfortunately for you, this is not the case. The cards offer you the benefits of having credit, and at the same time teach you the value and responsibilities that go along with those freedoms.
Applying for a student credit card credit is very easy. When you lodge an application, you start with credit lines ranging from $500 to $1,000, and interest rates ranging from 10% to 19.8%. These rates range between those charged from adults with good credit and those who have mishandled their credit.
Do compare various options when selecting credit cards for student. Choose one that offers 0% introductory APR, no annual fee, an interest free grace period and a 0% liability if someone else uses your card without your knowledge. Even better if you can get extra features, such as, cash back bonus, competitive interest rates and no annual fee.
Whether it’s paying for books, buying supplies or purchasing a monthly bus pass, student credit cards can be extremely practical and convenient; particularly for students who are away from home and without cash at any given moment.
The cards typically have low loan amounts and may even come in prepaid versions to eliminate the student's ability to rack up a large debt. For students at colleges and universities far from home, credit cards may be a necessity. Many unforeseen expenses may arise like food costs, entertainment, extra books, bus tickets and much more. Parents may find it difficult, if not impossible, to repeatedly transfer or send money to their child. Credit cards offer another option that can be easily monitored if the right card is chosen.
How to Get A Student Credit Card
Credit card companies recognize that college students are an easily accessible group of people who may want or need credit cards. To simplify credit card use, obtaining a student card through the student' s bank is often a good choice. Many banks now use on-line banking, which would allow the student to view the amount of money in her bank account in conjunction with her credit card debt and balance. Generally she can also pay her credit card online with the same website that she uses to view her checking and savings account information.
Instant Approval Student Credit Cards
Beware, many “instant approval student credit cards” are in fact prepaid cards, which will not offer students the line of credit they are seeking. Credit card rates and limits, similar to private student loans are based on credit history, and are typically subjected to higher interest rates.
College students can apply for instant approval student credit cards easily online. The application is verified securely and the instant approval is generated online or sent through an email. When you apply, you receive an immediate response stating whether you have been approved, declined or more information is required. To get your application approved, you need to have a good to excellent credit history. Certain circumstances may lead to a delayed response for your application. A student credit card usually works the same way as any credit card that has been issued.
When applying online, the applications would first require that:
- You should be at least 18 years old.
- You should have a valid Social Security number.
- You should be a college or a graduate student.
The personal and other information you need to furnish are:~
- Your name in full, date of birth, and citizenship or permanent residency.
- Your home address, email, and telephone number.
- Home address and contact details of a relative.
- The address to which the card to be dispatched, and your billing address.
- Details of your college - name, city, and state.
- Enrolment details, such as full time or part time, and current class year.
- Information about your bank account and the type of accounts you have.
Find What You Need, read all the small lines
The best credit cards are always those that come with high credit lines and very low interest rates. Unfortunately for you, this is not the case. The cards offer you the benefits of having credit, and at the same time teach you the value and responsibilities that go along with those freedoms.
Applying for a student credit card credit is very easy. When you lodge an application, you start with credit lines ranging from $500 to $1,000, and interest rates ranging from 10% to 19.8%. These rates range between those charged from adults with good credit and those who have mishandled their credit.
Do compare various options when selecting credit cards for student. Choose one that offers 0% introductory APR, no annual fee, an interest free grace period and a 0% liability if someone else uses your card without your knowledge. Even better if you can get extra features, such as, cash back bonus, competitive interest rates and no annual fee.
