Student Credit Cards
January 16, 2009 by: ihsanudin
How to Compare Student Credit Cards
Executive Summary about Student Credit Cards by Tom Tessin
student credit cards
When it comes to applying for a credit card, people will often tell you that you need to compare the cards before you actually go out and apply for one. A credit card is no different.
Not only that, you may be applying for a card that isn’t even legit. Look for rewards – A major reason that college students sign up for a credit card is simply because of the credit card rewards. When you use your card, you should get rewarded.
Most cards work the same where you’ll get one point per dollar. As long as you pay your card off in full each month, you won’t have to worry about any interest rates.
Annual fee – This is an important one when it comes to credit cards. While most cards don’t have this fee, you have to make sure that you look out for this fee. Some cards do have it so beware.
When comparing student credit cards, these are the main factors that you should look out for.
Student Credit Cards VS Private Student Loans
Executive Summary about Student Credit Cards by David Shapiro
Student credit cards and Private student loans are similar and yet very different than other types of credit based products for students, and here is some important information that anyone considering going through for one of these cards or loans should be aware of.
Credit limits on a student credit card is traditionally lower than on a regular credit card. There are basically three different types of student loans that you can apply for: Federal student loans which are the most commonly applied for, parent student loans, and private student loans.
Student credit cards are also credit based and carry an average credit limit from $300 to $2000, while private student loans carry an average limit of $9000.
If you plan to apply for a private student loan instead of a student credit card, you should check your credit history and make any necessary amendments first.
Being that student credit cards offer lower credit limits than a private student loan, a student will usually owe less money to the creditor when electing a student credit card. With a private student loan, payments usually begin six months after graduation.
you may want to check out my other guide on 0% APR Credit Card and Rewards Credit Cards
Hi, this is a good article, keep up the good work. How about more articles about transfer and lenders.
wondered if I made a big mistake…