Student Credit Cards - Sensible Steps into a Good Credit Score
If you are a college student, you probably have already heard about student credit cards. These credit cards work in the same way than regular credit cards do, but they have also some advantages that you should get to know if you have ever considered applying for a credit card.
Why to Apply For a Student Credit Card?
College students have many and unique financial needs. A regular credit card could suit these needs, but there are many requirements that financial institutions ask their candidates to accomplish before applying for credit cards.
Student credit cards are easier to obtain. Of course there are a few requirements to accomplish and documentation has to be presented as well as for regular credit cards, but it is a lot more simple to fulfill those requirements.
Advantages of Applying For Student Credit Cards
First of all, you should have an employment with a fixed income to apply for a regular credit card, and, if you are a full time student you know this is not always possible. Student credit cards are, as their names say, designed specifically for students. You do not have to be an employee to apply, and unlikely regular credit cards, there are no annual fees to be paid for this kind of cards. There are certain charges you will have like interest and maybe a small fee, but these charges will always be lower than those of regular cards will.
Another good point to mention is that you can access to the different rewards or gifts that financial companies offer, as well as if you had a normal credit card.
Many financial companies offer for student cards owners as well as for normal credit cards owners, the possibility to access and manage their accounts online.
Where to Obtain A Student Credit Card
Although you may have received different credit card offers so far, Internet is still the best tool you have to look for your first card, you may also ask your friends and relatives which were their options and what did they chose.
Different financial companies, offer different student credit cards plans. First, try to determine what are you looking for, if low interest, a good reward program, student benefits, lower fees. And then you will be able to find and compare among those options you have, which student card suits your needs best.
How Can A Student Credit Card Help To Build Your Credit Score?
A student credit card may be the first step you give in building your credit record. This may not seem very important for you today, but you must have present that a good and well constructed credit history will turn into a car loan, mortgage, or any other loan type you may need to ask for in the future.
A Few "Always" Rules To Follow To Get A Good Credit Record
Always remember that your card should help you with your college's needs. Do not blow your credit doing unnecessary shopping.
Always keep record of your purchases. Making a list and comparing the amounts when bills arrive, will prevent you of paying for things that you have not bought or paying twice the same purchase.
Always try to be on time and pay your bills in full, this will give you extra points in the future and keep you off extra charges due to late payments. At the same time, this may help you to start being a responsible adult.