The Best Student Credit Cards Depend Upon You
The best student credit cards can come with certain perks and rewards. Probably the biggest bonus of a student card is that some companies place less stringent credit requirements on student cards. But there is much more to know. As you compare credit card offers online, before you choose a card remember this:
1. You may be able to get a student card.
Many banks will give you a student credit card even if you don’t have a lot of credit. Often these cards will have relatively low limits, but as you build your credit and show yourself credit worthy they will raise your limits. Others will allow you to get a credit card for bad credit with a cosigner, that is another person who signs on the card with you and agrees to accept responsibility if you fail to make the payments.
2. The best student credit cards make you prove you are a student.
When you apply for a student credit card you may be required to show proof that you are a student. This will probably require showing your student identification or providing a copy of a recent tuition bill.
3. Online card finders can help.
One great way to find a student credit card, and even to determine if a student card is right for you, is to use an online credit card finder, such as LINK HERE. Such a card finder can help you compare cards looking at interest rate, fees, required credit worthiness, benefits and more.
4. Spend carefully.
Avoiding using even the best student credit cards to pay for your tuition, books or living expenses unless you absolutely have no other choice. There are much less expensive ways to pay for school, including federal Pell Grants, Stafford Loans, Plus Loans and even private student loans. Of course, sometimes you have to do what you have to do, and education is important, but think about it carefully before you finance school with a credit card.
5. Look for a card that benefits you can use.
Some of the best student credit cards give you cash back that you can use to pay bills. Others might let you earn money towards gift certificates that you can use to buy books or other supplies.
6. If you have federal student loans through Sally Mae you might want to sign up for Upromise.
This is a free, easy to use service that lets you earn money to pay off your student loan debt. The great part is that you don’t have to get a particular credit card to use it – you just sign up for the program and then add it to any credit card and start earning money towards paying off your student loans. It’s a government sponsored program that is easy to use and can save you hundreds, even thousands, on your education.
If you are a student and you need a credit card to build credit, travel abroad or make purchases consider a student credit card. But do not feel that you have to choose a student credit card. Often student cards can be a good choice, but they are not always. Compare all your available options and choose the card that best suits your needs.
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