Chances are, if you`re between the ages of 18 and 24 and are attending a university or college, you have probably gotten a student credit card application in the mail. Usually major credit card companies and banks are dying for your attention and for your business when it comes to a student credit card. But how do you know if it is for you? What is the difference between a student credit card and a regular credit card? You`ve come to the right place if you`re looking for these answers. Here is a further explanation about you and your student credit card.
A student credit card is like a regular credit card on stabilizers. It is created to help you get a handle on your newfound financial independence and managing your new financial credit card account. It is designed to make it appealing to students and easy to use and manage for a busy college student. Student credit cards also usually offer a low APR, which means the annual interest rate. They also usually have a pretty small credit rate of between two and three hundred dollars.
In addition, you will find that lots of student credit cards have reward systems for paying your bill on time, using your card and other things. The reward system offers rewards such as music downloads, books, travel and other things that may appeal to a college student. In the end, a credit card is a credit card and you won`t find many differences between a student credit card and a regular credit card.
There are many credit card companies out there. Almost all companies will have some sort of student credit card that they offer solely to college students. Usually the different companies will share the same basic features, but you will want to do your research and check out different companies, because you might find something at one company that the other company doesn`t have. This can be something as simple as liking the rewards better at one company over another.
Whatever your needs and wants are, just do your research and find the card that is perfect for you to start out with. You can often find comparison websites that allow you to compare different card companies right on one website. Check it out today if you`re looking for a student credit card.
Incidentally, credit card debt is increasing with the decline of the economy. No matter if you have a student card or a regular card, you should never spend more than you will be able to pay off in one month. Even if you think you have a low credit limit, you can always get carried away. Credit card companies seek you out to not only help you out with your credit score and get you a credit card for emergencies, but they are also looking for you to fail and fall behind. Do your homework at resources such as simplyfinance.co.uk and learn all you can about the student credit cards scene.
