student credit card
A credit card is a system of payment named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid later to the merchant. It is different from a charge card, which requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.
Rah!
asked:
"Everybody told me I'd get accepted for American Express Blue for Students because they LOVE to give cards to ANYONE, but I was rejected. I have no credit. What are some other student cards that might accept me? If I get rejected for one card, does that mean the rest will reject me too?"
Question posted courtesy of:
st_racer167 replied:
"go to your bank and apply and let them know your a student"
brady ewart replied:
"Discover® Student Tropical Beach Card helps the student save money on interest rates, annual fees. It gives a 0% Intro APR on purchases for 6 months, and has no annual fee. Since a student is just beginning his financial life and issues like credit card fraud, identity theft might bother him. Discover® Student Tropical Beach Card comes with $0 fraud liability guarantee and gives absolute peace of mind to its owner. Managing Discover® Student Tropical Beach Card accounts is a breeze because it offers Easiest Online Account Management Options. Almost all account related activities can be done online. This saves a lot of time which can be used to enjoy this golden life even more. Read more from:"
TheMom replied:
"Go to your local bank, there are too many scams out there for you to know what is what.Visa and Mastercard have less strict rules then American Express. Your bank will help you get a student card and you won't need to worry about anyone messing with your credit identity, which is a huge problem right now."
cake23us replied:
"Associates National Bank"
qt_pitutie1564 replied:
"if you have a checking account, i would see if you can get a special connections credit card from your bank. this is a GREAT way to start building your credit (almost all banks have a credit card)"
Jeremy P replied:
"You can find a complete list of 'student' credit cards here:It's possible that you could get denied again. But to be honest, American Express has the strictest approval guidelines of all major credit card issuers. So it doesn't surprise me that you were denied. You might try Chase. They have very high approval rates.Hope this helps. GOOD LUCK!"
Worried_about_car
asked:
"I am a college student trying to build my credit history. While shopping for credit cards, I notice that banks offer student credit cards for college students. Should I go with the student cards or with the regular credit cards? Is there a difference? I saw that some of them have a higher APR than the regular ones. Since this will be my FIRST credit, I may not have enough credit history."
Question posted courtesy of:
mcmurrayjamiefan replied:
"Since you do not have a credit history, I'm not sure that you would qualify for a regular credit card. My suggestion would be for you to start with the student credit card. I don't know how much you plan to use it, but the best thing would be to make payments ON TIME and make more than the minimum payment. After a year or two with that, you should have some credit history to seek better cards."
Arbitrage replied:
"If you're just trying to build credit, I'd probably recommend getting the student credit card. Try to pay off the entire balance each month, and that's probably the best way to build credit as quickly as possible. The student ones are built exactly for someone like you."
Michaelsgdec replied:
"I suggest you get a card with no annual fee, sufficient credit limit and some sort of rewards program. The student cards I've seen usually don't fall into this category."
MojoMan replied:
"Get any card that someone is willing to give you at first. Make sure you pay every month on time. Keep the revolving debt below 40%.Step 2 in building credit is to have an installment debt. School loan, car loan etc. The account bust be at least $2400 and for at least 24 months. Lenders love to $2400 loan (or higher) and a 24 month on time payment history.Step 3, get one other account. Lenders love to see 3 accounts with 24 months of on time payments and at lease one or more accounts with $2400. With this in place you can get most anything on credit."
Gazoo replied:
"Without a strong credit history it will probably be easier to get the student card although most likely it will have a higher APR and fees. You should base your desicion more on the APR because it can really vary from card to card. If you dont plan on carrying a balance (which is the smartest thing) the APR may not matter as much. Also check if there are annual fees and what happens when you make a late payment. A lot of cards can almost double the interest for one late payment so be cautious! Remember that it's borrowed money not free money. Once you get some history and keep it in good standing you will be able to get better cards so just keep one or two until then."
bbkidchen replied:
"Go for the student credit card, since you have no history a regular credit card would most likely be turned down. Also once you have your credit card, use it wisely, do not bring it to the limit, pay on time and more than the minimum, they will most likely increase your limit after 6 months to a year of good payments. this will help get your credit history better. Just remember to use them wisely and keep your balance low.!!!!"
Expert replied:
"Here you can find the best credit card for you with all the details"
krm29619 replied:
"Student credit card, but use it wisely because Recently I borrow $6000/=from my platinum credit card, I found there is a finance charge $180/= above the 24% interest, it look like loan sharks are more better.."
jaimestar64cross replied:
"leave credit cards alone - you need to have a steady income from job. If you do want a credit card - get one low interest and a limit that you can pay - I got mine at bank - got a co-signer - my limit is 2,500.00 - because that's what I can handle paying. Leave it fixed at the amount you can afford to pay. But seriously, I would not get a credit card in college - unless your education is PAID in full!"
Jessica H
asked:
"I've already applied for 2 other cards and have been denied because I have not "revolving" credit history. But they weren't student credit cards, which is what I guess I should have applied for first. Anyway what would be the easiest student credit card to get? Share your experiences please."
Question posted courtesy of:
Megz replied:
"Here check this website out...they have a list of student credit cards (it gives an explanation of what each offers). =&af=&ac=The Capital One® Standard Platinum for Students might be a good place to start. Capital One tends to be good about offering cards to people without any credit history.Also, make sure to get a card that has NO Annual Fee."
Compare Cards replied:
"Hello,If you have been denied a few times, you might want to apply for a unsecured rcedit card that is more intended for bad credit - just to establish a credit history...you could also consider a prepaid card, but these are secured with a deposit.Remember, each and every time that you apply for a student credit card, it will show up on your report. Once you have a little bit of a history (6 to 9 Months), you can reapply for a student credit card.Hope this helps,CompareCards Consumer Team"
Ryan replied:
"DISCOVER STUDENT Credit Card! If your in school your almost guranteed approval. Its a great card to start building up your credit, check out link. If you apply online at ApplyFastBankCards you can get paid $20:)"
blogger replied:
"I would have to say Discover or Citibank check out and go under student cards. "
Rob C
asked:
"I am a rising senior in college and am thinking about getting a credit card. When I graduate next year, what would happen with that card? Would I be able to keep using it like normal? Would I trade it in for another "non-student" version? Would they close the account and make me apply for a new card?Any experience with this?"
Question posted courtesy of:
Colin S replied:
"Nothing... they usually will give you option of upping your credit limit though."
bdancer222 replied:
"You keep the account. As your creditworthiness improves, they probably will increase your limit. They may call them "student" credit cards but starter accounts might be a better term -- lower limit, high interest rate."
candi h replied:
"It will not close. they will review your prior history and make changes like increasing your line and maybe even upgrade the account to a regular credit card that is not based on a student card."
Credic J replied:
"It's the same as any other credit card. They just call them student credit cards because they're targeted towards students. The rates and limits arent the best on those kind of cards... so if its paid off you should probably apply for a better card with better rates, limits, and rewards."
ApeepA.com replied:
"Actually it depends on the issuer. Citi Cards for example will probably not do anything if you have one of theirs. However if you have one of Bank Of America cards with your school name on it, they will probably convert it to an alumni card of the same name with WorldPoints. Now that you graduated and built up your credit, consider applying for a regular credit card, one that offers great rewards(try to pay ther balance in full every month). To search for a credit card right for you visit"
GhostWriter
asked:
"And which one is better? I am in college and I have a student credit card which I used to pay tuition for my first two years but I need to get another one for the next to years because this one is maxed out. I've never missed a payment nor I have I gone over the limit. I was thinking about which type of card I should go with--student or regular?"
Question posted courtesy of:
Kids B replied:
"If you are a student, of course student cards is better."
CardListerDotCom replied:
"easily compare student creditcards and all other credit cards athowever, the usual difference is that student credit cards are easier to be qualified for, but sometimes have higher interest rates associated with them. Also, student credit cards usually have lower limits. the direct link to the student section of CardLister.com is listed below."
James G replied:
"the main differences of having a student credit card from having a regular one is that of the apr on purchases, cash advance and balance transfers. student cc's usually are higher and the credit limit is not as high. although i know that you are a cardholder for 2 years now, still, it is a good idea to also be aware of its pros and cons, just a refresher before you do decide on getting another one. try checking out several offers before applying for one. there are credit card offers that have low to zero introductory rates."
The perfect time to set up a solid financial future with a student credit card too.
Prepare your mindset to make more money we are here to help the consumer with foreclosure, bankruptcy, credit counseling, personal loans, student loans, the dating seen, free psychic readings, unsecure credits cards, job openings, health products, weight loss, government grants-school scholarships, business and real estate, movie downloads.
College students comprise the single largest demographic (34%) of all identity theft victims. Increased amounts of credit card offers, communal living that makes information easily accessible and universities that use social security numbers as a means of identifying students are just a few of the many ways students are being put at risk.
When you arrive on campus this week or next, you're going to get pitched by credit-card companies who would love to make you a customer (and debtor) for life. But do yourself a favor: if you do get a credit card, use it sparingly -- and pay the monthly balance in full.
This is a good article on student credit cards for college students.
