In a nutshell, credit cards give consumers purchasing power that may extend beyond their means.
For example, a student might only have a part-time job earning a few hundred dollars a week, but be granted a credit line of $2,500.
Assuming they need to use that few hundred a week to pay for daily expenses, they might not have much left over to pay off any credit card debt accrued.
This may lead to overspending. And because credit cards aren't adequately explained in primary school or college, most students don't fully understand the consequences.
Perhaps this could be resolved through better consumer awareness and lower credit limits. But with credit card issuers' interests in mind, it's unlikely anything will change.
Yes, but not absolutely. It depends really on how you intend to use it. Though many say it is good to have credit cards early on to start building credit history. But if you really can't control spending once you have a credit card, either don't get one, or get a prepaid card. Credit companies even go to great lengths to have students have them as their first credit card company. Here is a great resource site for students who plan to have their first credit card like you. http://www.buildingcreditforstudents.com/ Cheers.
Featuring the best student credit cards and student credit card deals including Visa, MasterCard and Discover Cards. Find card application resources from leading companies, including the following student credit card offers located across our website for students in college and first time credit cards for high school student.
student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage.
A student credit card is designed for the use of University students and high school graduates. A student is qualified to apply for this credit card if he or she meets the bank's requirements. Most banks require students to open a savings account as part of the qualifications. Getting a student credit card is now easy with the collaboration of universities and credit card companies.
First PREMIER Bank has a standard credit card. They also have a gold credit card, a classic credit card, a PREMIER Possibilities credit card, a PREMIER Forward MasterCard credit card, and a secured credit card.
Some popular credit cards for students are the Citibank credit card and the Discovery credit card. These two credit cards are designed for students and offer credit back incentives.
The new credit card law called the Credit Card Reform affects students by not letting card issuers lure students in with freebies or offers for a credit card application. This law limits issuing credit cards to people under the age of 21.
Yes, but not absolutely. It depends really on how you intend to use it. Though many say it is good to have credit cards early on to start building credit history. But if you really can't control spending once you have a credit card, either don't get one, or get a prepaid card. Credit companies even go to great lengths to have students have them as their first credit card company. Here is a great resource site for students who plan to have their first credit card like you. http://www.buildingcreditforstudents.com/ Cheers.
There are many good options of Credit Cards available for students, it’s daunting for student to solve the credit card equation. To get a complete guide regarding the credit cards please visit the best international credit card for students service provider.
Featuring the best student credit cards and student credit card deals including Visa, MasterCard and Discover Cards. Find card application resources from leading companies, including the following student credit card offers located across our website for students in college and first time credit cards for high school student.
Most international students find it difficult to get a credit card in the U.S. because they have not established a credit history and because they are not U.S. residents. For newly arrived students, you may want to try using a "secured credit card". These cards offer some of the conveniences of a credit card, except that you secure your credit card with a deposit that becomes your credit line. The best part is that your secured card is reported as a regular credit card on your credit report. Check with your bank on the secured credit card.
student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage.
A student credit card is designed for the use of University students and high school graduates. A student is qualified to apply for this credit card if he or she meets the bank's requirements. Most banks require students to open a savings account as part of the qualifications. Getting a student credit card is now easy with the collaboration of universities and credit card companies.
First PREMIER Bank has a standard credit card. They also have a gold credit card, a classic credit card, a PREMIER Possibilities credit card, a PREMIER Forward MasterCard credit card, and a secured credit card.
short sightedness
If a college student want to get a credit card then they need to carefully consider if they can pay back the debt. They should get their card from a reputable company such as a bank so that they won't get charged interest that is too high.
A credit card is something that every student over 18 needs because it helps them build up their credit rating by the time they graduate from college or university. Some of the good credit cards that offer credit cards for students are: Discover It for Students, Journey Student Rewards from Capital One, Citi Forward Card for college students, and Citi Dividend card for college students.