All about College Credit Cards must to Know. College credit cards are credit cards that have been designed specifically for students. College credit cards are better known as student credit cards. College credit cards allow students to experience the benefits of a credit card much earlier in their lives.
Through college credit cards, students can learn more about credit cards and their use. In fact, for most students, their college credit cards are their first credit cards that act as a gateway to the world of credit cards. Some other students may have previously used additional credit cards linked to their father's credit card account; However, for students like that too, their college credit cards are the first truly theirs.
College credit cards are not much different from other types of credit cards in the basic sense; they function the same way as other credit cards. However, there are some differences, which basically arise from the fact that college credit cards are used by people who have no previous experience with credit cards and who may not fully understand the concept of credit cards. Therefore, credit card suppliers risk issuing credit cards (college credit cards) to people they don't believe.
In addition, the credit limit on college credit cards is generally around $500 - $1000 per month, which is lower than other credit cards (this credit limit is generally enough to meet a student's unique needs). Another risk mitigation instrument used by college credit card suppliers is interest rates or APR.
APR on college credit cards is generally higher than other credit cards. Again, this is done to prevent students from spending excessively on their college credit cards (and ultimately not being able to pay their credit card bills).
However, if we see this coercion in a positive sense, we will find that this is actually in favor of students (who are still trained to face the real world of credit cards).
In addition, college credit cards also help students build credit history (good) which is another important benefit that becomes useful when students need all types of loans at a later stage in their lives.
So, a college credit card is something that must be considered by every student. https://bit.ly/2DYc2or
Through college credit cards, students can learn more about credit cards and their use. In fact, for most students, their college credit cards are their first credit cards that act as a gateway to the world of credit cards. Some other students may have previously used additional credit cards linked to their father's credit card account; However, for students like that too, their college credit cards are the first truly theirs.
College credit cards are not much different from other types of credit cards in the basic sense; they function the same way as other credit cards. However, there are some differences, which basically arise from the fact that college credit cards are used by people who have no previous experience with credit cards and who may not fully understand the concept of credit cards. Therefore, credit card suppliers risk issuing credit cards (college credit cards) to people they don't believe.
College Credit Cards for Students
Most students also do not have a credit history. In such cases, college credit card suppliers cannot ensure receiving credit card bill payments on time (and even accept it at all). To overcome this risk, suppliers of college credit cards require parents to sign together a college credit card application form as collateral.In addition, the credit limit on college credit cards is generally around $500 - $1000 per month, which is lower than other credit cards (this credit limit is generally enough to meet a student's unique needs). Another risk mitigation instrument used by college credit card suppliers is interest rates or APR.
APR on college credit cards is generally higher than other credit cards. Again, this is done to prevent students from spending excessively on their college credit cards (and ultimately not being able to pay their credit card bills).
However, if we see this coercion in a positive sense, we will find that this is actually in favor of students (who are still trained to face the real world of credit cards).
In addition, college credit cards also help students build credit history (good) which is another important benefit that becomes useful when students need all types of loans at a later stage in their lives.
So, a college credit card is something that must be considered by every student. https://bit.ly/2DYc2or