Introduction
Almost every student has been in a
situation where they need to get a credit card to pay for school supplies or
food. And many students have been told that using student credit cards is
difficult, expensive and time-consuming. But is this really the case? Are
student credit cards easier to get than others? Today we'll quickly go over why
most people don't find it difficult to get a student credit card or what
benefits you can actually get out of one.
Student
Credit Cards—Are They Easier To Get Than Ever?
Credit cards are a great way to
build your credit history. If you have bad credit, or if you haven't used a
credit card in years, you might be wondering if student credit cards are easier
to get than ever before.
The answer is that student credit
cards are no more difficult than any other type of card. And with one of the
largest student populations in the world, there are plenty of companies eager
to serve those looking to open accounts without having proof of employment or
income.
main
types of student credit cards:
Express Cards - These offer the
lowest interest rates and the longest terms (up to five years). Consumers can
apply online and receive their cards within two weeks. These tend to be more
expensive than other options.
Visa Signature Student Card - This
is similar to a regular Visa card but has extra perks such as free FICO score
updates and access to free roadside assistance. The annual fee is slightly
higher than other options, but rewards make it worth it for young adults who
need a little extra help managing their spending habits.
Discover IT Student Card - This has
no annual fee, offers rewards and is accepted at more places than other types
of student credit cards on campus. Overall, this card is ideal for students who
want a simple way to manage.
What
is the difference between student credit card and regular credit card?
The main difference between the two
is that student credit cards are specifically designed for students, whereas
regular credit cards are not.
Student credit cards are issued by
banks or other financial institutions that have a good reputation in the market
and have been around for a long time. These companies know what students need
and want, so they can give them special deals to help them build their credit
history and increase their chances of getting a job when they graduate.
Regular credit cards, on the other
hand, are issued by less-established companies. They may not be able to offer
you as much value for your money because banks don't want to put their
reputation at risk by giving out too many cards to new customers who might
default on their payments or have bad experiences with the company in question.
What
3 things are required for a student credit card?
The 3 things required for a student
credit card are:
1) A valid school ID card
2) A signed application form
3) Proof of income
The
Advantages And Disadvantages Of Having A Student Credit Card
The advantages of having a student
credit card are that it can help you manage your finances and avoid
overspending. It is important to note, however, that the student credit cards
available in the market today, do not offer any rewards or discounts.
The disadvantages of having a
student credit card are that they are expensive, they do not offer any rewards
or discounts and they may be difficult to get approved for.
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