How to obtain student credit cards 5 tips that help you decide
Are you a student who is looking for student credit cards? Here is how you get some issued in your name, with the least possible effort:
1. Where to apply: inform your college that you are looking for a student credit card and you would have a number of providers call on you with their offers, instead of you trying out different providers. In this way, you not only get the best possible rates, you are also wooed by these providers with gifts and amazing introductory offers.
2. Can you afford one – while it is true that student credit cards are an integral part of a student’s life, you need to be honest with yourself. Can you afford to have one or multiple student credit cards? This translates into smaller questions such as: are you financially responsible enough to use one? Can you make timely payments when necessary? How much you can put aside for regular monthly payments. Remember it is better to see a little difficulty during your college life, rather than find yourself with bad credit history in your adult life.
3. Is this the best deal you could get? Even when the provider offers you apparently the best deal, there would still be scope to negotiate. Always try to push the provider into offering you the best possible terms and conditions for the student credit cards they issue. A difference of even 0.5% can add up to great sums over a few years.
4. What does the small print say? Do not be so happy about the offers they tempt you with when they offer you their various student credit cards. Often there are invisible strings attached to these offers. Read carefully the small print. In many cases, the best part of the deal would be tied up by some condition, which would all but cancel its charm. It is important that you are not only aware about the small print, but also understand its application to the student credit cards offers you get.
5. Should you take one or more student credit cards? One should be more than enough because this should be treated as a source for emergency cash. If you have too much of such “emergency” cash fallbacks, you would be tempted to count upon more often than you would actually need. There are many things that you could and should do without in your student career- excess student credit cards is one of them; and anything above one credit card shold be considered excess student credit cards in this case.
Compare student credit cards here.
Student credit cards.com @ October 11, 2008