Student Credit Cards
Student Credit Cards
Student credit cards are easily obtainable, but can also be a very easy way of getting yourself into a considerable amount of debt. It is useful to have a credit card for emergencies, for instance if you need to go to the supermarket but your student loan has run out or you have to travel home urgently, but it is not advisable to use them unnecessarily, as credit card debts can escalate quickly once you start using them regularly. There is not a great number of specific student credit cards available, but many companies offer their basic cards to graduates and undergraduates.
In the event that you do need a credit card, some things to consider include:
- The interest rate on balance transfers and purchases, some offer interest-free periods
- Your credit history will still be taken into consideration
- Look for a card with no annual fee to pay
- Certain retailers give a discount when you use your card there
- Some cards are aimed at those with a poor credit rating but incur higher interest as a result
- Online management of your account is often available
- Many offer incentives such as free gifts or cashback, but make sure you are getting a good interest-rate too
To find the best student credit card for your circumstances, shop around and compare credit cards from a number of providers before choosing which one to go with.
Alternatively click on Student Money advertising links below: